VERU CEO granted 604,000 stock options at $2.25
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Form Type
4
Rhea-AI Filing Summary
VERU INC. President and CEO Mitchell Steiner received a grant of options on 604,000 shares of common stock. The options have an exercise price of $2.25 per share and expire on May 4, 2036. One-third of the options vest on each of May 4, 2027, May 4, 2028, and May 4, 2029, reflecting a multi‑year compensation award tied to continued service.
Insider Trade Summary
Grant/Award: 604,000 shares
Grant/Award
1 txn
Insider
STEINER MITCHELL SHUSTER
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock Option | 604,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock Option — 604,000 contracts (Direct)
Footnotes (1)
- F1. Options for one-third of the shares vest on each of May 4, 2027, May 4, 2028 and May 4, 2029.
Key Figures
Options granted: 604,000 shares
Exercise price: $2.25 per share
Options outstanding after grant: 604,000 options
+4 more
7 metrics
Options granted
604,000 shares
Common Stock Option award to President and CEO
Exercise price
$2.25 per share
Exercise price of newly granted options
Options outstanding after grant
604,000 options
Total derivative shares following transaction
Expiration date
May 4, 2036
Option grant expiration
First vesting date
May 4, 2027
One-third of options vest
Second vesting date
May 4, 2028
Second one-third of options vest
Third vesting date
May 4, 2029
Final one-third of options vest
Key Terms
Common Stock Option, exercise price, expiration date, Grant, award, or other acquisition, +1 more
5 terms
Common Stock Option financial
"security_title": "Common Stock Option""
exercise price financial
"conversion_or_exercise_price": "2.2500""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date": "2036-05-04T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
vesting financial
"Options for one-third of the shares vest on each of May 4, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did VERU (VERU) report in this Form 4?
VERU reported that President and CEO Mitchell Steiner received a grant of options on 604,000 shares of common stock. This is a compensation-related award, not an open-market purchase or sale, and is classified as a grant, award, or other acquisition.
What is the exercise price of Mitchell Steiner’s new VERU (VERU) stock options?
The granted options have an exercise price of $2.25 per share. This means Steiner can acquire VERU common shares at $2.25 once the options vest and are exercised, subject to the vesting schedule and the stated expiration date.
How many VERU (VERU) stock options were granted to CEO Mitchell Steiner?
Mitchell Steiner was granted options covering 604,000 shares of VERU common stock. All 604,000 underlying shares are tied to this single option award, with vesting occurring in three equal installments over the specified future dates.
When do Mitchell Steiner’s new VERU (VERU) options vest?
According to the filing footnote, options for one-third of the 604,000 shares vest on each of May 4, 2027, May 4, 2028, and May 4, 2029. This staggered schedule encourages ongoing service and aligns compensation over several years.
When do the newly granted VERU (VERU) stock options to Mitchell Steiner expire?
The option grant expires on May 4, 2036. After this expiration date, any unexercised portion of the 604,000 share options will lapse, and Steiner will no longer have the right to buy shares at the $2.25 exercise price.
Is Mitchell Steiner’s VERU (VERU) Form 4 transaction a stock sale or purchase?
The Form 4 reflects a grant/award acquisition of stock options, not a market sale or open-market share purchase. The transaction code is “A,” indicating options awarded as compensation rather than shares bought or sold in the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
