Acumen (NASDAQ: ABOS) CLO exercises options and sells 9,406 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Acumen Pharmaceuticals Chief Legal Officer Derek M. Meisner exercised employee stock options for 9,406 shares of common stock at a price of $1.85 per share and immediately sold 9,406 common shares in an open-market transaction at a weighted average price of $3.0099 per share. These sales occurred automatically under a Rule 10b5-1 trading plan adopted on March 29, 2025.
After these transactions, Meisner directly owned 173,999 shares of common stock and held 73,138 shares underlying employee stock options. The options vest in 48 equal monthly installments from the grant date, subject to continuous service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 9,406 shares ($28,311)
Net Sell
3 txns
Insider
Meisner Derek M
Role
Chief Legal Officer & Corp Sec
Sold
9,406 shs ($28K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 9,406 | $0.00 | -- |
| Exercise | Common Stock | 9,406 | $1.85 | $17K |
| Sale | Common Stock | 9,406 | $3.0099 | $28K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 73,138 shares (Direct);
Common Stock — 183,405 shares (Direct)
Footnotes (1)
- The reported sales occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 29, 2025. The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $3.0000 to $3.0300. Upon request, the Reporting Person will provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The shares subject to the employee stock option vest in 48 equal monthly installments starting on the date the option was granted, such that the option will be fully vested on the fourth anniversary of the date of grant, subject to the Reporting Person's continuous service through each such vesting date.
FAQ
What insider transactions did ABOS executive Derek Meisner report on this Form 4?
Derek Meisner reported exercising options and selling shares. He exercised employee stock options for 9,406 shares at $1.85, then sold 9,406 common shares at a weighted average price of $3.0099, all on the same date.
Was the ABOS insider stock sale by Derek Meisner part of a 10b5-1 trading plan?
Yes, the reported sales occurred under a Rule 10b5-1 plan. The filing states the transactions were executed automatically according to a trading plan Meisner adopted on March 29, 2025, providing pre-set instructions for selling shares.
How do Derek Meisner’s ABOS employee stock options vest over time?
The employee stock options vest in 48 equal monthly installments. Vesting begins on the grant date, and the options become fully vested on the fourth anniversary, provided Meisner remains in continuous service through each monthly vesting date.
What is the nature of the derivative transaction reported by ABOS insider Derek Meisner?
The derivative transaction reflects an option exercise into common stock. Meisner exercised an employee stock option for 9,406 shares, converting it into common stock before selling an equal number of common shares in the market.