MATLIN DAVID J 4

What Happened

• David J. Matlin, a director of Clene Inc. (CLNN), received a grant of options for 5,372 shares of common stock on February 19, 2026.
• The options carry an exercise (strike) price of $4.73 per share (total exercise cost ≈ $25,412 if exercised) and were granted under the Clene Inc. Amended 2020 Stock Plan. The options vest immediately upon grant.
• This was an award of derivative securities (options), not an open‑market purchase or sale; it represents potential future equity if Matlin chooses to exercise the options and pay the strike price.

Key Details

• Transaction date: 2026-02-19; Filing date: 2026-02-20 (timely filing).
• Security: option to acquire 5,372 shares of common stock; exercise price $4.73 per share.
• Footnote: Grant made under Clene’s Amended 2020 Stock Plan; options vest immediately.
• Shares owned after transaction: not specified in the provided filing summary.
• Transaction code: A (award/grant); classified as a derivative grant in the Form 4.

Context

• This grant is compensatory (an equity award) rather than an outright purchase or sale. It creates potential future ownership if exercised — the director would need to pay the $4.73 strike price per share to convert options into common stock.
• Immediate vesting means the award is not subject to a future service-based vesting schedule; however, it does not indicate whether Matlin will exercise the options or sell any resulting shares.
• Such awards are common for directors and often form part of regular compensation. They provide potential upside aligned with future stock performance but are not a direct buy signal.