Giordano Christopher Thomas 4
4 · TENAX THERAPEUTICS, INC. · Filed Jun 10, 2022
Insider Transaction Report
Form 4
Giordano Christopher Thomas
DirectorCEO
Transactions
- Award
Stock Option (right to buy)
2022-06-09+200,000→ 200,000 totalExercise: $0.62Exp: 2032-06-09→ Common Stock (200,000 underlying)
Holdings
- 250,000
Stock Option (right to buy)
Exercise: $1.97Exp: 2031-07-06→ Common Stock (250,000 underlying) - 100,000
Stock Option (right to buy)
Exercise: $1.97Exp: 2031-07-06→ Common Stock (100,000 underlying)
Footnotes (3)
- [F1]The options vest and become exercisable as follows: options with respect to 50,000 underlying shares of Common Stock vest and become exercisable on each of June 9, 2023, June 9, 2024, June 9, 2025, and June 9, 2026, subject to the Reporting Person's continued employment.
- [F2]The options vest and become exercisable as follows: options with respect to 62,500 underlying shares of Common Stock vest and become exercisable on each of July 6, 2022, July 6, 2023, July 6, 2024, and July 6, 2025, subject to the Reporting Person's continued employment.
- [F3]The options vest in two tranches upon achievement of certain performance metrics: 50% upon initiation of a Phase 3 trial for levosimendan by June 30, 2022; and 50% upon initiation of a Phase 3 trial for imatinib by June 30, 2022, subject to the Reporting Person's continued employment.