Sauer Noel 4

What Happened
Noel Sauer, Senior Vice President of Research at Cibus, was granted equity awards on 2026-04-24: 38,000 shares were issued at $0.00 and an additional 76,000 shares were reported as derivative awards at $0.00 (total reported value $0). The filings list these transactions as “A” (grant/award/acquisition), not as purchases or sales.

Key Details

• Transaction date: 2026-04-24; Form 4 filed 2026-04-28 (filed 4 days after the transaction date). Form 4s are typically required within 2 business days, so this filing is later than the usual window.
• Grants: 38,000 shares @ $0.00 (acquired); 76,000 derivative shares @ $0.00 (acquired as a derivative award). Reported total cash outlay: $0.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: F1 — 1/48th of the total options vest monthly on the 24th of each month until the fourth anniversary of the grant (i.e., monthly vesting over four years).
• Transaction code: A = Grant/award; derivative line indicates options/RSUs rather than an immediate stock purchase or sale.

Context
These awards are compensation-related grants (not open-market purchases or sales). The 76,000 derivative award likely represents stock options or restricted stock units subject to the vesting schedule in F1; only a small fraction vests each month (1/48th), so the grantee does not receive full, immediately marketable shares at once. Awards at $0 cost are common for employee compensation and do not by themselves indicate buy/sell intent in the market.