Salva Francisco D. 4
Research Summary
AI-generated summary
Azitra CEO Salva Francisco D. Receives 220,879-Share Award
What Happened
- Salva Francisco D., President & CEO and Director of Azitra, Inc. (AZTR), was granted a derivative equity award for 220,879 shares on 2026-04-20. The reported acquisition price is $0.00, indicating this was a grant/option-style award rather than an open-market purchase.
Key Details
- Transaction date: 2026-04-20; Form 4 filed: 2026-04-22 (timely filing).
- Transaction type/code: A (Grant/award or other acquisition — derivative instrument).
- Price reported: $0.00 (award/option grant, not a cash purchase).
- Shares acquired: 220,879 (derivative award).
- Shares owned after transaction: Not specified in the provided filing.
- Footnote (vesting): 1/3 of the award vests on the one-year anniversary of issuance, then 1/36 of the total award vests each calendar month for the next two years (i.e., a three-year vesting schedule).
- No immediate sale or exercise reported in this filing.
Context
- This is a derivative equity grant (likely stock options or restricted equity subject to vesting) designed to align executive incentives with company performance; it does not represent an immediate market purchase or sale. The vesting schedule means the shares will become available over time rather than all at once.