Form 4: Anteris Technologies Director Stephen Denaro Reports Share and Option Transactions Following Reorganization

Director Stephen Denaro reports acquisition of shares and stock options in Anteris Technologies Global Corp. following a corporate reorganization and initial public offering.

Summary

• Stephen Denaro, a director of Anteris Technologies Global Corp., reported acquiring 7,222 shares of common stock and various stock options on December 16, 2024.
• The shares were received as CHESS Depositary Interests (CDIs) in exchange for ordinary shares of Anteris Technologies Ltd (ATL) as part of a reorganization.
• The reorganization involved Anteris Technologies Global Corp. acquiring all outstanding shares of ATL.
• The closing price of Anteris Technologies Global Corp.'s common stock on the Nasdaq Global Market was $5.50 per share on December 16, 2024.
• Denaro also acquired stock options with exercise prices of $7.13, $8.25, $15.28, and $14.64, totaling 187,000 options.
• These options were originally issued by Anteris Technologies Ltd and assumed by Anteris Technologies Global Corp. through the reorganization.
• The options vest over various periods, with some vesting in installments starting in 2022 and others in 2024, 2025, and 2028, subject to continued service.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of share and option transactions by a director, which is generally neutral to positive. The vesting schedules suggest a long-term commitment, which is a positive sign.

Positives

• The acquisition of shares and options indicates continued alignment of the director's interests with the company's performance.
• The vesting schedules of the options provide an incentive for the director to remain with the company.

Risks

• The document does not explicitly mention any risks, but the vesting of options is contingent on continued service, which could be a risk if the director were to leave the company.

Future Outlook

The document does not contain any specific forward-looking statements, but the vesting schedules of the options suggest a continued relationship between the director and the company.

Industry Context

This filing is a standard disclosure following a corporate reorganization and initial public offering, where directors and officers report their holdings in the newly formed entity. It is common for directors to receive shares and options as part of their compensation and to align their interests with the company's success.

Comparison to Industry Standards

• The reporting of share and option transactions by directors is a standard practice for publicly listed companies, particularly after a significant event like a reorganization and IPO.
• The vesting schedules of the options are typical for incentivizing long-term commitment from key personnel.
• The exercise prices of the options are generally set at or above the market price at the time of grant, which is consistent with industry norms.

Stakeholder Impact

• The reported transactions may have a minor positive impact on shareholders by demonstrating the director's alignment with the company's success.
• The vesting schedules of the options may provide some reassurance to stakeholders about the director's continued involvement.

Key Dates

Keywords

Anteris Technologies, Stephen Denaro, stock options, share acquisition, corporate reorganization, director, beneficial ownership, CHESS Depositary Interests, initial public offering, Nasdaq