Edell Michael 4
4 · SenesTech, Inc. · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
SenesTech (SNES) CEO Michael Edell Receives Option Award
What Happened
Michael Edell, CEO of SenesTech, was granted a derivative equity award covering 263,288 shares on June 9, 2026. The Form 4 reports the acquisition as an award (code A) with a reported price of $0.00 (no cash paid at grant). This is a grant of an option/award (not an open‑market purchase or sale).
Key Details
- Transaction date: 2026-06-09; Form 4 filed 2026-06-15 (filed several days after the transaction; appears later than the typical 2-business-day Form 4 deadline).
- Award: 263,288 derivative shares (option/award); reported price $0.00.
- Vesting: 1/12th of the option vests on the last day of each calendar quarter beginning June 30, 2026; fully vested March 31, 2029 (footnote F2).
- Conditional limitation: If the plan’s share reserve is insufficient at a vesting date, excess portions will not be exercisable until additional shareholder approval increases the reserve (footnote F1).
- Shares owned after transaction: not provided in the supplied excerpt.
Context
This filing documents a compensation grant to the CEO rather than a buy or sell by an insider. Such option awards are common as executive compensation; the Form 4 does not disclose an exercise price or any immediate sale of shares. Note the filing date is several days after the transaction date, which may be later than the SEC’s usual two-business-day reporting window for insiders.
Insider Transaction Report
- Award
Stock Option (right to buy)
[F1][F2]2026-06-09+263,288→ 263,288 totalExercise: $1.47From: 2026-06-30Exp: 2036-05-06→ Common Stock (263,288 underlying)
Footnotes (2)
- [F1]Same as Vesting Schedule; provided, however, that, if, as of any vesting date, the number of shares underlying the vested portion of the Option exceeds the number of shares available for issuance under the Plan (based on the then-current stockholder-approved share reserve thereunder (the EIP Reserve) and the number of shares subject to outstanding Stock Awards (as defined in the Plan) that were granted prior to the Grant Date specified above), then as to such excess shares, the Option shall not be exercisable until further stockholder approval is obtained for an adequate increase in the EIP Reserve.
- [F2]Subject to the terms of the Option Agreement, one-twelfth (1/12th) of the shares subject to this option will vest on the last day of each calendar quarter following the Vesting Commencement Date, with the first vesting date being June 30, 2026, subject to your Continuous Service through each such vesting date, such that all shares subject to this option will be fully vested on March 31, 2029.