Intellicheck (NASDAQ: IDN) CTO awarded 77,000 stock options at $5.60
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intellicheck, Inc. Chief Technology Officer Jonathan Robins received a grant of stock options covering 77,000 shares of common stock. The options have an exercise price of $5.6000 per share and relate to common stock with $.001 par value.
According to the terms, one-third of the option vests on the first anniversary of the grant date, with the remaining two-thirds vesting quarterly over the following two years. The options expire on 2033-03-24, and Robins’ reported holdings after this grant are 77,000 derivative securities, held directly.
This grant is compensation-related and does not represent an open-market purchase or sale of Intellicheck shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Robins Jonathan
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 77,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 77,000 shares (Direct)
Footnotes (1)
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FAQ
What did Intellicheck (IDN) report in this Form 4 for Jonathan Robins?
Intellicheck reported that Chief Technology Officer Jonathan Robins received a grant of stock options covering 77,000 shares of common stock. These options are derivative securities that give him the right to buy Intellicheck shares at a fixed exercise price.
How many Intellicheck (IDN) stock options were granted to the CTO?
Jonathan Robins was granted stock options on 77,000 underlying shares of Intellicheck common stock. This entire 77,000-option position is reported as held directly following the transaction, reflecting a compensation-related award rather than a market trade in the company’s shares.
What is the exercise price and expiration date of the Intellicheck (IDN) options granted?
The granted stock options have an exercise price of $5.6000 per share and an expiration date of 2033-03-24. This means Robins can choose to buy Intellicheck common shares at that fixed price any time before the stated expiration date.
How do the Intellicheck (IDN) CTO’s options vest over time?
The vesting schedule provides that one-third of the option grant vests on the first anniversary of the grant date. The remaining two-thirds then vest in quarterly installments over the following two years, tying the award to continued service over a multi-year period.
Does the Intellicheck (IDN) Form 4 show any open-market buying or selling by the CTO?
No, the Form 4 shows a grant of stock options as compensation, not open-market buying or selling of common shares. The transaction code is “A,” indicating a grant or award acquisition of derivative securities rather than a purchase or sale on the public market.
Is the Intellicheck (IDN) CTO’s ownership after this Form 4 primarily direct or indirect?
The filing reports that the 77,000 stock options are held with direct ownership. There is no indication of indirect holdings through entities or trusts in this Form 4, so the disclosed derivative position is attributed directly to Jonathan Robins personally.