Intellicheck (IDN) CFO receives 100,351-option equity grant at $5.60 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intellicheck, Inc. Chief Financial Officer Adam Sragovicz received a grant of stock options as part of his compensation. He was awarded options covering 100,351 shares of Common Stock at an exercise price of $5.6000 per share, with no cash paid at grant.
All 100,351 options were newly granted and represent his entire reported option position after this transaction. According to the vesting terms, one-third of the options will vest on the first anniversary of the grant date, and the remaining two-thirds will vest quarterly over the following two years, aligning his incentives with longer-term company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sragovicz Adam
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 100,351 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 100,351 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Intellicheck (IDN) report for its CFO?
Intellicheck reported that its Chief Financial Officer, Adam Sragovicz, received a grant of stock options for 100,351 shares. These options were awarded as compensation and give him the right to buy common stock at a fixed exercise price over time as they vest.
What is the exercise price of the Intellicheck (IDN) CFO’s stock options?
The stock options granted to Intellicheck’s CFO have an exercise price of $5.6000 per share. This price is the fixed cost at which he can buy the company’s common stock once the options vest and are exercisable according to the vesting schedule.
How do the Intellicheck (IDN) CFO stock options vest over time?
The vesting schedule provides that one-third of the options vest on the first anniversary of the grant date. The remaining two-thirds then vest in quarterly installments over the following two years, encouraging multi‑year retention and alignment with company performance.
What type of security was granted to the Intellicheck (IDN) CFO?
The security granted is a “Stock Option (Right to Buy)” linked to Intellicheck common stock. Each option can convert into one share upon exercise, at the stated exercise price, once the applicable portion of the award has vested under the described schedule.