Veru director granted options on 100,000 shares
VERU INC. director Michael L. Rankowitz received a grant of options on 100,000 shares of Veru common stock.
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Form Type
4
Rhea-AI Filing Summary
VERU INC. director Michael L. Rankowitz received a grant of options on 100,000 shares of Veru 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.
Insider Trade Summary
Grant/Award: 100,000 shares
Grant/Award
1 txn
Insider
Rankowitz Michael L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock Option | 100,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock Option — 100,000 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
Option grant size: 100,000 shares
Exercise price: $2.25 per share
Expiration date: May 4, 2036
+2 more
5 metrics
Option grant size
100,000 shares
Common Stock Options granted to director
Exercise price
$2.25 per share
Conversion or exercise price of options
Expiration date
May 4, 2036
Option term end
Shares underlying options
100,000 shares
Underlying Veru common stock
Post-grant option holdings
100,000 options
Total derivative securities following transaction
Key Terms
Common Stock Option, Grant, award, or other acquisition, exercise price, expiration date, +1 more
5 terms
Common Stock Option financial
"security_title: "Common Stock Option""
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
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The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised.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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did VERU director Michael Rankowitz report?
Director Michael L. Rankowitz reported receiving a grant of options on 100,000 shares of VERU common stock. This is a compensation-related award, not an open-market purchase or sale, and was disclosed as a Form 4 insider transaction.
What is the exercise price of Michael Rankowitz’s VERU stock options?
The options granted to Michael L. Rankowitz have an exercise price of $2.25 per share. This means he can buy Veru common stock at $2.25 once the options vest and before they expire, subject to the vesting schedule.
When do Michael Rankowitz’s VERU stock options vest?
The options vest in three equal installments: one-third on May 4, 2027, one-third on May 4, 2028, and one-third on May 4, 2029. Vesting determines when he can begin exercising each portion of the grant.
When do Michael Rankowitz’s VERU stock options expire?
The options held by Michael L. Rankowitz expire on May 4, 2036. After that date, any unexercised options become worthless, so exercises must occur after vesting and before the expiration date to acquire VERU shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
