Beyond Air (XAIR) grants CFO 70,000 inducement stock options on Form 4
Rhea-AI Filing Summary
Beyond Air, Inc. granted its Chief Financial Officer, Daniel J. Moorhead, a new stock option award. On January 5, 2026, he received an inducement grant of options to buy 70,000 shares of common stock at an exercise price of $0.79 per share, matching the closing price on January 2, 2026. The options expire on January 4, 2036.
According to the vesting terms, 25% of the options vest on the one-year anniversary of January 5, 2026, and the remaining 75% vest in three equal annual installments after that, as long as he remains employed. Any portion that is unexercisable when his employment ends will not become exercisable later. After this grant, he beneficially owns 70,000 stock options directly.
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FAQ
What did Beyond Air (XAIR) report in this Form 4 filing?
The filing reports an inducement grant of stock options to Chief Financial Officer Daniel J. Moorhead, giving him the right to buy 70,000 shares of Beyond Air common stock.
How many Beyond Air stock options were granted to the CFO and at what exercise price?
The CFO received options to purchase 70,000 shares of common stock at an exercise price of $0.79 per share, equal to the closing price on January 2, 2026.
How do the new Beyond Air CFO stock options vest?
25% of the options vest on the one-year anniversary of January 5, 2026, and the remaining 75% vest annually thereafter in three equal installments, subject to continued employment.
When do the Beyond Air CFO’s stock options expire?
The stock options granted to the CFO have an expiration date of January 4, 2036, as shown in the derivative securities table.
What happens to unvested Beyond Air options if the CFO’s employment ends?
The disclosure states that any portion of the stock option that is not exercisable at the time of termination of employment for any reason will not become exercisable thereafter.
Does the Beyond Air CFO hold these stock options directly or indirectly?
The Form 4 indicates that after the reported transaction, the 70,000 stock options are held with direct (D) ownership by the reporting person.