Catheter Precision (VTAK) Exec Chairman Receives 500,000-Option Grant
Rhea-AI Filing Summary
David A. Jenkins, Executive Chairman of the Board of Catheter Precision, Inc. (VTAK), was granted 500,000 stock option awards on 08/12/2025. The options have an exercise price of $0.18 per share, an exercisable date listed as 08/12/2025 and an expiration date of 08/12/2035. The filing shows 500,000 underlying shares of common stock beneficially owned following the transaction, held directly. The options vest at 20% per year beginning on the first anniversary of the grant date, according to the explanation in the filing.
Positive
- 500,000 stock options granted to Executive Chairman David A. Jenkins, as disclosed in the Form 4
- Options have clear terms: $0.18 exercise price, 08/12/2025 exercisable date, and 08/12/2035 expiration
- Vesting schedule is specified: 20% per year beginning on the first anniversary of the grant date
- Post-transaction beneficial ownership is explicitly reported as 500,000 shares held directly
Negative
- None.
Insights
TL;DR: Executive chairman received a 10-year option grant for 500,000 shares with multi-year vesting.
The Form 4 discloses a standard equity-based compensation grant to the Executive Chairman, aligning long-term interests through a ten-year term and graded vesting of 20% per year after the first anniversary. The exercise price of $0.18 is explicitly stated, and ownership is reported as direct for 500,000 shares following the grant. This is a routine disclosure of insider compensation; the filing does not include other contextual details such as grant valuation, reason for grant, or prior holdings beyond the post-transaction balance.
TL;DR: Insider received a sizeable option grant; filing reports clear grant mechanics but no financial impact metrics.
The Form 4 provides concrete grant terms: 500,000 options, $0.18 strike, exercisable 08/12/2025, expiring 08/12/2035, with 20% annual vesting commencing one year after grant. The report shows the options convert to 500,000 shares of common stock and are reported as directly beneficially owned. The document contains no revenue, market cap, or dilution calculations, so material financial impact cannot be quantified from this filing alone.