Goodnow Timothy T 4
Research Summary
AI-generated summary
Senseonics (SENS) CEO Timothy T. Goodnow Receives RSU & Option Awards
What Happened
Timothy T. Goodnow, President, CEO and a director of Senseonics Holdings, Inc. (SENS), was granted equity awards on 2026-05-19 totaling 1,315,624 share-based units. The filing shows a grant of 553,701 restricted stock units (RSUs) and a derivative award of 761,923 units, each reported at a $0 acquisition price (i.e., compensation grants rather than open-market purchases).
Key Details
- Transaction date: 2026-05-19; reported on Form 4 filed 2026-05-21 (timely reporting).
- Award amounts: 553,701 RSUs + 761,923 derivative units = 1,315,624 total share-based units; price reported $0 (compensatory grant).
- Vesting for RSUs (footnote F1/F2): RSUs vest in eight equal installments — first installment on June 15, 2026, then seven additional installments every six months beginning November 15, 2026. Each RSU equals a contingent right to one share.
- Vesting for derivative award (footnote F3): The derivative award (options) vests in 48 equal monthly installments commencing May 19, 2026, subject to continued service.
- Shares owned after the transaction: Not specified in the Form 4 provided.
- Filing timeliness: Filed two days after the grant date (May 21 for a May 19 grant), which is within the usual two-business-day SEC reporting window.
Context
These entries are compensation grants (awards), not open-market purchases or sales. RSUs represent a contingent right to receive common stock upon vesting; the derivative award appears to be options that vest monthly. Such grants are typically retention or incentive compensation and do not by themselves indicate immediate buying or selling of shares.