Edell Michael 4

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.