Clene Inc. (NASDAQ: CLNN) director receives 3,658 stock options at $6.81 strike

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Clene Inc. director Arjun JJ Desai received new stock option awards. On May 21, 2026, he was granted options for 2,158 and 1,500 shares of common stock at an exercise price of $6.81 per share under the Amended 2020 Stock Plan. The 2,158-share option vests immediately, while the 1,500-share option vests in 12 equal monthly installments starting on June 21, 2026. These are compensation-related grants with no open-market purchases or sales reported.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Desai Arjun JJ

Role null

Type	Security	Shares	Price	Value
Grant/Award	stock option	1,500	$0.00	--
Grant/Award	stock option	2,158	$0.00	--

Holdings After Transaction: stock option — 1,500 shares (Direct, null)

Footnotes (1)

This option was granted on May 21, 2026 as an option for 1,500 shares of Common Stock under the Clene Inc. Amended 2020 Stock Plan at an exercise price of $6.81 per share. The options vest in 12 equal monthly installments on the 21st day of each calendar month, beginning June 21, 2026, until such shares are fully vested. This option was granted on May 21, 2026 as an option for 2,158 shares of Common Stock under the Clene Inc. Amended 2020 Stock Plan at an exercise price of $6.81 per share. The options vest immediately upon grant.

Key Figures

Total options granted: 3,658 shares Immediate-vest option size: 2,158 shares Monthly-vesting option size: 1,500 shares +2 more

5 metrics

Total options granted 3,658 shares Stock option awards to director on May 21, 2026

Immediate-vest option size 2,158 shares Option vests immediately upon grant

Monthly-vesting option size 1,500 shares Option vests in 12 equal monthly installments

Exercise price $6.81 per share Strike price for both option grants

Option expiration May 20, 2036 Expiration date for both grants

Key Terms

stock option, exercise price, vests immediately, vest in 12 equal monthly installments, +1 more

5 terms

stock option financial

"This option was granted on May 21, 2026 as an option for 1,500 shares of Common Stock"

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

exercise price financial

"at an exercise price of $6.81 per share"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

vests immediately financial

"The options vest immediately upon grant"

vest in 12 equal monthly installments financial

"The options vest in 12 equal monthly installments on the 21st day of each calendar month"

Amended 2020 Stock Plan financial

"under the Clene Inc. Amended 2020 Stock Plan"

Form 4 Insider Transactions: What Each Field Means →

05/22/2026 - 02:02 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Desai Arjun JJ

(Last)

(First)

(Middle)

6550 SOUTH MILLROCK DRIVE

SUITE G50

(Street)

SALT LAKE CITY

UTAH

84121

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Clene Inc. [ CLNN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
stock option	$6.81	05/21/2026		A		1,500		⁽¹⁾	05/20/2036	common stock	1,500	$0	1,500	D
stock option	$6.81	05/21/2026		A		2,158		⁽²⁾	05/20/2036	common stock	2,158	$0	2,158	D

Explanation of Responses:

1. This option was granted on May 21, 2026 as an option for 1,500 shares of Common Stock under the Clene Inc. Amended 2020 Stock Plan at an exercise price of $6.81 per share. The options vest in 12 equal monthly installments on the 21st day of each calendar month, beginning June 21, 2026, until such shares are fully vested.

2. This option was granted on May 21, 2026 as an option for 2,158 shares of Common Stock under the Clene Inc. Amended 2020 Stock Plan at an exercise price of $6.81 per share. The options vest immediately upon grant.

	/s/ Jerome T. Miraglia POA	05/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Clene Inc. (CLNN) report for Arjun JJ Desai?

Clene Inc. reported that director Arjun JJ Desai received stock option grants. He was awarded options covering 2,158 and 1,500 shares of common stock as part of his compensation, rather than buying or selling shares in the open market.

How many Clene Inc. (CLNN) stock options were granted to Arjun JJ Desai?

Arjun JJ Desai was granted options for a total of 3,658 Clene Inc. shares. The award consists of one option for 2,158 shares that vests immediately and another for 1,500 shares that vests monthly over a one-year period.

What is the exercise price of Arjun JJ Desai’s Clene Inc. stock options?

Both option grants to Arjun JJ Desai have an exercise price of $6.81 per share. This is the price at which he can purchase Clene Inc. common stock if he chooses to exercise the options in the future.

How do the Clene Inc. (CLNN) option grants to Arjun JJ Desai vest?

The 2,158-share option granted to Arjun JJ Desai vests immediately upon grant. The 1,500-share option vests in 12 equal monthly installments starting June 21, 2026, providing a year-long vesting schedule tied to continued service.

Do the reported Clene Inc. (CLNN) transactions involve open-market buying or selling?

No, the Form 4 shows compensation-related option grants only, not open-market trades. The transactions are coded as awards, indicating derivative acquisitions rather than purchases or sales of already outstanding Clene Inc. common shares.

When do Arjun JJ Desai’s Clene Inc. stock options expire?

The reported stock options granted to Arjun JJ Desai are shown with an expiration date of May 20, 2036. This gives him a long window in which he may choose to exercise the options after they vest, subject to plan terms.