Veru director granted 104,000 stock options
VERU INC. director Lucy Lu reported receiving a grant of 104,000 common stock options as compensation.
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Form Type
4
Rhea-AI Filing Summary
VERU INC. director Lucy Lu reported receiving a grant of 104,000 common stock options as compensation. 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, and Lu holds 104,000 options following this grant.
Insider Trade Summary
Grant/Award: 104,000 shares
Grant/Award
1 txn
Insider
Lu Lucy
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock Option | 104,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock Option — 104,000 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: 104,000 options
Exercise price: $2.25 per share
Total options after grant: 104,000 options
+2 more
5 metrics
Options granted
104,000 options
Common Stock Option grant reported on Form 4
Exercise price
$2.25 per share
Exercise price for the 104,000 stock options
Total options after grant
104,000 options
Total options held by Lucy Lu following the transaction
Option expiration date
May 4, 2036
Final expiry date of the granted options
Vesting schedule start
May 4, 2027
First vesting date for one-third of the options
Key Terms
Common Stock Option, exercise price, expiration date, vesting, +1 more
5 terms
Common Stock Option financial
"The security reported is a Common Stock Option with underlying Common Stock."
exercise price financial
"The options carry an exercise price of $2.25 per share."
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
"The option award has an expiration date of May 4, 2036."
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised.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.
vesting financial
"Options for one-third of the shares vest on each of May 4, 2027, May 4, 2028 and May 4, 2029."
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.
Grant, award, or other acquisition financial
"The transaction code description is Grant, award, or other acquisition."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did VERU director Lucy Lu report on this Form 4?
Lucy Lu reported receiving a grant of 104,000 common stock options from VERU INC. This is a compensation-related award, not an open-market stock purchase or sale, and is classified as an acquisition under transaction code A on the Form 4.
How many VERU INC. stock options were granted to Lucy Lu and at what price?
Lucy Lu was granted 104,000 common stock options of VERU INC. Each option carries an exercise price of $2.25 per share, meaning she can buy shares at $2.25 once the options vest and subject to other plan conditions.
What is the vesting schedule for Lucy Lu’s VERU stock option grant?
The 104,000 options vest in three equal installments. One-third of the options vest on May 4, 2027, another third on May 4, 2028, and the final third on May 4, 2029, aligning vesting with multi-year service at the company.
When do Lucy Lu’s VERU stock options expire under this grant?
Lucy Lu’s 104,000 VERU INC. stock options expire on May 4, 2036. After that date, any unexercised options become worthless, so the exercise opportunity is limited to the period between each vesting date and this expiration date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
