PDS Biotechnology (PDSB) CEO receives 548,782-share stock option award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PDS Biotechnology Corp reported that President and CEO Frank Bedu-Addo received a grant of stock options covering 548,782 shares of the company’s stock. The options were granted at an exercise price of $0.00 per share as an employee stock option award.
According to the terms, 25% of the underlying shares will vest and become exercisable on January 12, 2027. The remaining 75% will vest in 36 equal monthly installments after that date, contingent on his continued service with the company through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BEDU-ADDO FRANK
Role
President/CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 548,782 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 548,782 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did PDSB report for Frank Bedu-Addo?
PDS Biotechnology reported that President and CEO Frank Bedu-Addo received a grant of stock options for 548,782 shares. The filing describes this as an employee stock option award with no stated exercise price per share in the reported transaction data.
How many stock options were granted to the PDSB CEO in this Form 4?
The Form 4 shows a grant of employee stock options covering 548,782 shares to PDS Biotechnology’s CEO. All 548,782 options are reported as directly owned following the transaction, reflecting a single grant/award acquisition transaction under the company’s equity compensation arrangements.
What is the vesting schedule for Frank Bedu-Addo’s PDSB option grant?
The option vests over four years. Twenty-five percent of the shares vest and become exercisable on January 12, 2027, with the remaining 75% vesting in 36 equal monthly installments thereafter, conditioned on his continued service with PDS Biotechnology through each vesting date.
Is the PDSB CEO’s option grant reported as a purchase or an award?
The transaction is reported as a grant or award, not an open-market purchase. The Form 4 classifies it under code "A" as a grant, award, or other acquisition of derivative securities, specifically an employee stock option with direct ownership by the reporting person.
What does the transaction code "A" mean in the PDSB Form 4 filing?
In this filing, code "A" indicates a grant, award, or other acquisition of derivative securities. It is used to describe the CEO’s employee stock option grant for 548,782 shares, rather than a market buy or sell transaction in PDS Biotechnology common stock.