Form 4: 22nd Century Group CFO Daniel Otto Reports Acquisition of Stock and Stock Options

Daniel Otto, CFO of 22nd Century Group, reports the acquisition of common stock and stock options.

Summary

• On March 10, 2025, Daniel A. Otto, the Chief Financial Officer of 22nd Century Group, Inc., acquired 16,684 shares of common stock.
• These shares were acquired at a price of $0.
• Following the transaction, Otto directly owns 16,686 shares of common stock.
• Otto also acquired 50,054 stock options with an exercise price of $2.01, exercisable starting March 10, 2025, and expiring on March 10, 2035.
• These options also had a price of $0.
• The stock options vest 1/3 per year on the anniversary of the date of grant, subject to continued service with the Company.
• The restricted stock units vest 1/3 per year on March 10, 2026, 2027 and 2028, subject to continued service with the Company.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard SEC filing reporting insider transactions. The acquisition of shares and options by the CFO could be interpreted as a positive sign, but it's not definitively bullish.

Positives

• The acquisition of stock and stock options by the CFO could be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The acquisition of shares by the CFO may increase investor confidence.

Key Dates