CEL-SCI (CVM) CEO Geert Kersten Receives 300,000-Share Award

What Happened

Geert R. Kersten, CEO of CEL-SCI Corp. (CVM), was granted a derivative award of 300,000 shares on 2026-08-14. The award is reported as derivative securities with an exercise/strike price of $0.01 per share, giving a reported aggregate value of $3,000. This is an award/grant (code A) — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-14; Form 4 filed: 2026-08-17 (filed shortly after the transaction).
• Instrument: Derivative securities reported as an award (appears to be stock options) at $0.01 per share.
• Amount: 300,000 shares; reported aggregate value: $3,000.
• Vesting: Footnote indicates the options vest in three equal annual installments beginning one year after the grant date.
• Shares owned after transaction: not specified in the provided filing.
• Filing timeliness: Filing date is a few days after the grant and appears timely based on the Form 4 filing window.

Context

This grant gives the CEO the right to acquire shares in the future if/when the options vest and are exercised; it does not represent immediate stock ownership or a sale. Such option awards are a common form of executive compensation and are intended to align management incentives with long-term shareholder value.