Rich Stuart 4
4 · TENAX THERAPEUTICS, INC. · Filed Jun 10, 2022
Insider Transaction Report
Form 4
Rich Stuart
DirectorChief Medical Officer
Transactions
- Award
Stock Option (right to buy)
2022-06-09+100,000→ 100,000 totalExercise: $0.62Exp: 2032-06-09→ Common Stock (100,000 underlying)
Holdings
- 2,333,932
Common Stock
- 250,000
Stock Option (right to buy)
Exercise: $1.78Exp: 2031-01-15→ Common Stock (250,000 underlying) - 1,909,585(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]The Reporting Person is co-trustee of the Trust and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F2]The options vest and become exercisable as follows: options with respect to 25,000 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.
- [F3]The option becomes exercisable in four equal installments, with 25% vesting after the start of a Phase 3 clinical trial, 25% vesting after the database lock with respect to the trial, 25% vesting after the opening of an Investigational New Drug Application with the U.S. Food and Drug Administration ("FDA"), and 25% vesting after the approval from the FDA, subject to the Reporting Person's continued employment.