Scientific Industries (SCND) chairman granted 260,000 stock options as pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Scientific Industries Inc. director and chairman John A. Moore received stock option awards as compensation. He was granted stock options covering 230,000 shares of common stock and an additional 30,000-share option, each with a conversion price of $0.6000 per share.
The filing shows these awards were granted in lieu of cash compensation and vest over one year at a rate of 1/12 per month. Following these grants, Moore holds stock options covering 916,871 shares, giving him additional long-term equity exposure but reflecting routine, compensation-related awards rather than open-market purchases.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MOORE JOHN A
Role
Chairman of the Board
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 230,000 | $0.00 | -- |
| Grant/Award | Stock Option | 30,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option — 886,871 shares (Direct)
Footnotes (1)
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FAQ
What did SCND chairman John A. Moore report on this Form 4?
John A. Moore reported receiving stock option awards. He was granted options for 230,000 and 30,000 shares of Scientific Industries common stock at a $0.6000 exercise price, expanding his equity-based compensation and aligning pay with the company’s share performance over time.
How many stock options did John A. Moore receive from Scientific Industries (SCND)?
Moore received options on a total of 260,000 shares. The Form 4 shows one grant for 230,000 shares and another for 30,000 shares of common stock, both structured as stock options granted as compensation instead of cash payments.
What is the exercise price and term of John A. Moore’s SCND stock options?
The options have a $0.6000 per share exercise price and long duration. Both grants are exercisable at this price and carry an expiration date of February 17, 2036, providing a long window in which the options may be exercised.
How do John A. Moore’s new SCND options vest?
The options vest over one year in monthly installments. According to the footnote, they were granted in lieu of cash compensation and vest on a one-year schedule, with 1/12 of the options vesting each month during that period.
What are John A. Moore’s SCND option holdings after these grants?
After the reported grants, Moore holds options on 916,871 shares. The Form 4 shows this total option position following the two new awards, reflecting his overall derivative-based exposure to Scientific Industries common stock.
Were John A. Moore’s SCND option grants open-market purchases?
No, they were compensation-related grants, not market buys. The filing labels the transactions as awards under code A, granted in lieu of cash compensation, meaning no open-market purchases of Scientific Industries shares occurred in these transactions.