Gay Jonathon 4

What Happened
Jonathon Gay, a director of Clene Inc. (CLNN), was granted options covering 3,271 shares on February 19, 2026. The grant is reported as an award (acquisition price $0.00) and carries an exercise price of $4.73 per share. The options vest immediately upon grant. This was an option award (derivative grant), not a purchase or sale, so no cash was exchanged and no shares were issued at grant.

Key Details

• Transaction date: 2026-02-19 (Period of Report)
• Filing date: Form 4 filed 2026-02-20 (timely filing)
• Reported transaction: Award/Grant (derivative) for 3,271 option shares; acquisition price $0.00 on Form 4
• Exercise price: $4.73 per share (per filing footnote)
• Vesting: Options vest immediately upon grant (per footnote)
• Shares owned after transaction: not specified in the filing
• Plan: Granted under the Clene Inc. Amended 2020 Stock Plan (per footnote)
• Transaction code: A (award/grant)

Context
An option grant gives the insider the right to buy common stock in the future at the stated exercise price ($4.73). Because these are unexercised options, they do not immediately change outstanding share count or represent a market sale. Immediate vesting means Gay can exercise the options as soon as he chooses (subject to plan/rule constraints). Awards are common executive/board compensation and do not by themselves indicate insider buying or selling intent.