Vistagen CEO acquires 36,818 shares via ESPP
Vistagen Therapeutics, Inc. President and CEO Shawn Singh acquired shares of the company through an employee stock purchase program.
Rhea-AI Filing Summary
Vistagen Therapeutics, Inc. President and CEO Shawn Singh acquired shares of the company through an employee stock purchase program. He received 36,818 shares of common stock at a purchase price of $0.1921 per share under Vistagen's 2019 Employee Stock Purchase Plan, as amended. This plan-related acquisition is classified as a grant or award and is exempt under Rule 16b-3.
Following this acquisition, Singh directly holds 54,846 shares of Vistagen common stock. The filing also reports an additional 20,875 shares of common stock held indirectly by The 1997 Singh Family Trust U/R/D 05/29/1997, reflecting family trust ownership separate from his direct holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 36,818 shares
Grant/Award
2 txns
Insider
Singh Shawn
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 36,818 | $0.1921 | $7K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 54,846 shares (Direct);
Common Stock — 20,875 shares (Indirect, By The 1997 Singh Family Trust)
Footnotes (2)
- F1. Represents acquisition of shares under the Issuer's 2019 Employee Stock Purchase Plan, as amended (the "ESPP"), in a transaction exempt under Rule 16b-3 and Rule 16b-3(d). The Reporting Person purchased the maximum amount permitted under the ESPP.
- F2. Shares held by The 1997 Singh Family Trust U/R/D 05/29/1997.
Key Figures
ESPP shares acquired: 36,818 shares
ESPP purchase price: $0.1921 per share
Direct holdings after transaction: 54,846 shares
+1 more
4 metrics
ESPP shares acquired
36,818 shares
Common stock acquired via 2019 Employee Stock Purchase Plan
ESPP purchase price
$0.1921 per share
Price for shares acquired under ESPP
Direct holdings after transaction
54,846 shares
Common stock directly owned by Shawn Singh after ESPP acquisition
Indirect trust holdings
20,875 shares
Common stock held by The 1997 Singh Family Trust
Key Terms
Employee Stock Purchase Plan, ESPP, Rule 16b-3, indirect ownership
4 terms
Employee Stock Purchase Plan financial
"Represents acquisition of shares under the Issuer's 2019 Employee Stock Purchase Plan, as amended"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
ESPP financial
"The Reporting Person purchased the maximum amount permitted under the ESPP"
An Employee Stock Purchase Plan (ESPP) is a company program that lets employees buy the company’s shares at a reduced price, usually by setting aside a small portion of their pay over time. It matters to investors because it encourages employees to own part of the business—like giving staff a discounted membership— which can boost commitment and performance, while also potentially increasing the number of shares available and affecting shareholder value.
Rule 16b-3 regulatory
"in a transaction exempt under Rule 16b-3 and Rule 16b-3(d)"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
indirect ownership financial
"Shares held by The 1997 Singh Family Trust U/R/D 05/29/1997"
FAQ
What insider transaction did Vistagen (VTGN) CEO Shawn Singh report?
Shawn Singh reported acquiring 36,818 shares of Vistagen common stock through the company’s 2019 Employee Stock Purchase Plan. The shares were obtained as a plan-related grant or award, rather than an open-market trade, and are exempt under Rule 16b-3.
What is The 1997 Singh Family Trust’s position in Vistagen (VTGN)?
The 1997 Singh Family Trust U/R/D 05/29/1997 holds 20,875 shares of Vistagen common stock as reported in the Form 4. These shares are listed as indirect ownership associated with Shawn Singh, distinct from his directly owned share position.
Did Shawn Singh purchase the maximum amount allowed under Vistagen’s ESPP?
Yes, the footnotes state that Shawn Singh purchased the maximum amount permitted under Vistagen’s 2019 Employee Stock Purchase Plan. This indicates he fully utilized his available allocation in the plan during this purchase period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
