Gay Jonathon 4

What Happened

• Director Jonathon Gay received two option awards from Clene Inc. on May 21, 2026 totaling 3,728 options (1,500 and 2,228). The options have an exercise price of $6.81 per share and were reported as derivative acquisitions with no cash paid at grant (acquisition value reported $0).

Key Details

• Transaction date: May 21, 2026; Form 4 filed May 22, 2026 (timely filing).
• Grants: 1,500-option award (vests in 12 equal monthly installments beginning June 21, 2026); 2,228-option award (vests immediately).
• Exercise price: $6.81 per share. To exercise all 3,728 options would require approximately $25,388 in aggregate strike payments (3,728 × $6.81).
• Reported acquisition value on the Form 4: $0 (derivative grant).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 describes the 1,500-option monthly vesting schedule; F2 confirms immediate vesting for the 2,228-option grant.
• No 10b5-1 plan, tax-withholding, or late-filing indications were disclosed in the provided details.

Context

• These were option grants (award code "A"), not purchases or sales — they do not represent exercised or sold shares and do not by themselves generate proceeds or transfers.
• The staggered vesting (1,500 options) and immediate vesting (2,228 options) affect when Gay can exercise or sell the underlying shares; vested options still require payment of the $6.81 strike and any applicable tax withholding to convert to shares.