BROWN MORGAN R 4

What Happened
Morgan R. Brown, Chief Financial Officer of Clene Inc. (CLNN), received an option grant for 35,000 shares on January 22, 2026. The Form 4 reports acquisition at $0 (award/grant); the options carry an exercise price of $5.42 per share and vest immediately upon grant. This is a compensation-related option award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-22; Form 4 filed: 2026-01-23 (timely filing).
• Transaction type/code: Award/Grant (A); reported acquisition price: $0.00 (derivative instrument).
• Option size & terms (footnote): 35,000 options under Clene’s Amended 2020 Stock Plan, exercise price $5.42, vest immediately.
• Shares owned after transaction: not specified in the provided excerpt—see the full Form 4 for post-transaction beneficial ownership.
• No indication of a 10b5-1 plan, cashless exercise, tax withholding, or late filing in the supplied details.

Context
This was a standard equity compensation grant: the company issued options that give the CFO the right to buy 35,000 shares at $5.42 each in the future. Because the options vested immediately, Brown can exercise them going forward by paying the exercise price (or use any company-allowed exercise method). Such awards are common for executive compensation and do not by themselves indicate a purchase or sale of shares on the open market.