Farrow Jeffrey S 4

What Happened

• Jeffrey S. Farrow, a director of ACHIEVE LIFE SCIENCES, INC. (ACHV), was granted a derivative equity award for 47,250 shares on May 29, 2026. The Form 4 reports the acquisition price as $0.00 (derivative), and the award will vest over time rather than delivering immediately.

Key Details

• Transaction date: 2026-05-29; filing date: 2026-06-02 (filed within the two-business-day window given the Memorial Day holiday).
• Award: 47,250 derivative shares reported at $0.00 per share (reported as an "A" — grant/award).
• Vesting: The option will vest in substantially equal monthly installments over 36 months beginning May 29, 2026, contingent on continued service.
• Shares owned after the transaction: not specified in the summary filing details provided.
• No sale or cashless exercise reported — this is a time‑based compensation grant, not an immediate purchase or sale.

Context

• This is a compensation-type derivative grant to a director that vests over three years. Such awards are common for aligning insiders with shareholders but do not represent an immediate market purchase or sale. Because the shares/options vest over time, they do not indicate immediate liquidity or trading activity.