Yarrow Bioscience director reports 175,639 stock options
Sven Ante Lundberg, a director of Yarrow Bioscience, Inc., filed an initial beneficial ownership report showing a stock option covering 175,639 shares of common stock at an exercise price of $6.19 per share, expiring on April 17, 2036.
Rhea-AI Filing Summary
Sven Ante Lundberg, a director of Yarrow Bioscience, Inc., filed an initial beneficial ownership report showing a stock option covering 175,639 shares of common stock at an exercise price of $6.19 per share, expiring on April 17, 2036.
The option was received in connection with a merger involving VYNE Therapeutics Inc. and Yarrow Bioscience, Inc. and was assumed on the same terms, with one quarter vesting on April 17, 2027 and the remaining three quarters vesting in equal monthly installments over the following three years, subject to continued service.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) F1, F2, F3 | -- | -- | -- |
Footnotes (3)
- F1. Effective as of July 27, 2026 (the "Effective Time"), a wholly owned subsidiary of VYNE Therapeutics Inc. ("VYNE") merged with and into Yarrow Bioscience, Inc. ("Yarrow") with Yarrow continuing as a wholly owned subsidiary of VYNE and the surviving corporation of the merger (the "Merger") under the name "Yarrow Bioscience Operating Company Corp." In connection with the completion of the Merger, VYNE changed its name to "Yarrow Bioscience, Inc." (hereinafter, the "Issuer").
- F2. Represents options to purchase shares of common stock, par value $0.0001, of the Issuer ("Issuer Common Stock") received by the Reporting Person in the Merger in exchange for options to purchase shares of common stock of Yarrow held by the Reporting Person prior to the Merger. At the Effective Time, the Issuer assumed each such Yarrow option, whether vested or unvested, and converted it into an option to purchase shares of Issuer Common Stock on the same terms and conditions as were in effect immediately prior to the Effective Time.
- F3. This option represents a right to purchase 175,639 shares of Issuer Common Stock, one quarter of which will vest on April 17, 2027, with the remaining three quarters vesting in equal monthly installments over the following three years, subject to the Reporting Person's continued service to the Issuer on each such vesting date.
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Key Terms
Effective Time regulatory
Merger financial
par value financial
vest financial
FAQ
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What did director Sven Ante Lundberg report in the Form 3 for VYNE?
How is the reported stock option for VYNE (Yarrow Bioscience) structured and vesting?
What merger led to the option reported for VYNE on this Form 3?
What is the underlying security and par value in the VYNE director’s reported option?
Does the Form 3 for VYNE show any stock purchases or sales by Sven Ante Lundberg?
AI-generated analysis. How Rhea-AI works. Not financial advice.