HASTINGS DAVID C 4
Research Summary
AI-generated summary
SCYNEXIS (SCYX) Director David Hastings Receives 5,750-Share Awards
What Happened
- David C. Hastings, a non-employee director of SCYNEXIS, was granted awards on June 26, 2026: 2,875 restricted stock units (RSUs) and 2,875 derivative option shares, each with an acquisition price of $0.00. Combined, the awards equal 5,750 shares (no cash paid).
- Both awards vest 100% on the first anniversary of the grant (subject to continuous service). The filing was submitted June 30, 2026.
Key Details
- Transaction date: 2026-06-26; Form 4 filed: 2026-06-30.
- Grants: 2,875 RSUs (acquired at $0.00) and 2,875 derivative option shares (acquired at $0.00).
- Vesting: Each award vests 100% on the first anniversary of grant, conditional on continued service (Footnotes F1 and F3).
- Reverse split: A 1-for-8 reverse stock split on May 29, 2026 was applied to reported amounts (Footnote F2).
- Shares owned after transaction: Not specified in this Form 4.
Context
- These are grants (award/acquisition), not open-market purchases or sales; such awards are common compensation for directors and do not necessarily signal a buy or sell opinion.
- The derivative entry refers to an option-style award that vests in one year; no immediate exercise or sale occurred.