Form 4: 22nd Century Group Director Anthony L. Johnson Reports Acquisition of Stock and Stock Options
SEC Form 4 Filing
Director Anthony L. Johnson reports acquisition of common stock and non-qualified stock options in 22nd Century Group, Inc.
Summary
- On March 10, 2025, Anthony L. Johnson, a director of 22nd Century Group, Inc., acquired 2,472 shares of common stock and 7,416 non-qualified stock options.
- The common stock was acquired at a price of $0.
- The stock options have an exercise price of $2.01.
- Following the transaction, Johnson directly owns 2,479 shares of common stock and 7,416 derivative securities.
- The restricted stock units vest 100% on March 10, 2026, subject to continued service.
- The stock options vest in three tranches: 33.33% on March 10, 2026, 33.33% on March 10, 2027, and 33.34% on March 10, 2028.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing detailing insider transactions.
Positives
- The acquisition of shares and options by a director could be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the director's stake in the company.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of transaction: Acquisition of common stock and stock options. |
| 03/10/2026 | First vesting date for stock options (33.33%) and full vesting date for restricted stock units. |
| 03/10/2027 | Second vesting date for stock options (33.33%). |
| 03/10/2028 | Final vesting date for stock options (33.34%). |
| 03/10/2035 | Expiration date for the non-qualified stock options. |
| 03/12/2025 | Date of signature on the Form 4 filing. |
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