Desai Arjun JJ 4

What Happened
Arjun Desai, a director of Clene Inc. (CLNN), received two stock option awards on 2026-05-21 totaling 3,658 option shares under the Clene Inc. Amended 2020 Stock Plan. The awards were granted at $0 acquisition price (derivative awards) with an exercise (strike) price of $6.81 per share, implying an aggregate exercise cost of approximately $24,911 if all options are exercised. One option award covers 1,500 shares and vests in 12 equal monthly installments beginning June 21, 2026; the other award covers 2,158 shares and vests immediately.

Key Details

• Transaction date: 2026-05-21; Form 4 filed 2026-05-22. Transaction code: A (award/grant); derivative transaction.
• Grants: 1,500 options (vest monthly over 12 months) + 2,158 options (vested immediately) = 3,658 total.
• Exercise price: $6.81 per share; aggregate exercise cost ≈ $24,910.98.
• Acquisition price reported as $0.00 (indicates a grant, not a purchase).
• Shares owned after the transaction: not disclosed in the provided filing details.
• No indication of a 10b5-1 plan, tax withholding sale, or late filing in the provided data.

Context
These are stock option grants (compensation/awards) to a director, not open-market purchases or sales. Options vest according to the schedules above; they must be exercised (by paying the strike) to convert to shares. Such grants are a common form of director compensation and do not by themselves indicate buying or selling sentiment by the insider.