VERU (VERU) CEO receives 604,000 stock options with $2.25 exercise price

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

1 transaction reported

Mixed 1 txn

Insider STEINER MITCHELL SHUSTER

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock Option	604,000	$0.00	--

Holdings After Transaction: Common Stock Option — 604,000 shares (Direct, null)

Footnotes (1)

1. [object Object]

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The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised.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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

STEINER MITCHELL SHUSTER

(Last) (First) (Middle)

2916 NORTH MIAMI AVENUE, SUITE 1000

(Street)

MIAMI FLORIDA 33127

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
VERU INC. [ VERU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock Option	$2.25	05/04/2026		A		604,000		05/04/2027(1)	05/04/2036	Common Stock	604,000	$0	604,000	D

Explanation of Responses:

1. Options for one-third of the shares vest on each of May 4, 2027, May 4, 2028 and May 4, 2029.

	/s/ Phil R. Greenberg, via Power of Attorney	05/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

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.