Vivani Medical Director Daniel Bradbury Receives Stock Award

What Happened

• Daniel Bradbury, a director of Vivani Medical, received a derivative equity award on 2026-07-27: rights to 7,965 shares with an exercise/strike price of $1.30 per share, representing a reported value of $10,355. The award was issued as compensation rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-27; Form filed: 2026-07-28 (timely)
• Transaction type/code: Award/Grant (A) — derivative equity (stock option/award)
• Price/strike: $1.30 per share; reported aggregate value: $10,355
• Vesting and term (footnote): Options have a 10-year term and vest quarterly through December 31, 2026, contingent on continued service
• Compensation context (footnote): Awarded under the issuer’s non-employee director compensation policy in lieu of an $8,000 cash retainer for increased committee service
• Shares owned after transaction: Not reported on this Form 4

Context

• This was an award of derivative equity (option/award rights), not an immediate stock purchase — the holder must wait for vesting and potentially exercise the options to convert to shares. Such awards to non-employee directors are common as part of compensation and do not by themselves indicate a buy/sell sentiment.