Form 4: Benson Hill Director Dolezalek Reports Stock Transactions After Reverse Stock Split
SEC Form 4 Filing
Director Stephan Dolezalek reports stock transactions, including vesting of restricted stock units and a new grant, following Benson Hill's 1-for-35 reverse stock split.
Summary
- Stephan Dolezalek, a director of Benson Hill, Inc., reported changes in beneficial ownership of the company's stock on August 1, 2024.
- The report details transactions occurring on July 18, 2024, including the vesting of 4,352 restricted stock units and a new grant of 10,675 restricted stock units.
- These transactions are reported following a 1-for-35 reverse stock split of Benson Hill's common stock, which was effected on July 18, 2024.
- The reported amounts of securities and underlying shares have been adjusted to reflect the reverse stock split.
- Following the reported transactions, Dolezalek directly owns 7,395 shares of common stock and 10,675 restricted stock units.
- The restricted stock units granted on July 18, 2024, vest in full on the earlier of the first anniversary of the grant date or the Issuer's 2025 Annual Meeting of Stockholders.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Future Outlook
The restricted stock units granted on July 18, 2024, vest in full on the earlier of the first anniversary of the Grant Date or the Issuer's 2025 Annual Meeting of Stockholders.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about insider transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 07/18/2024 | Date of earliest transaction, reverse stock split, vesting of restricted stock units, and grant of new restricted stock units. |
| 08/11/2023 | Date restricted stock units were granted under the Issuer's 2021 Omnibus Incentive Plan. |
| 08/01/2024 | Date of Form 4 filing. |
Keywords
Benson Hill, Director, Stock Transactions, Reverse Stock Split, Restricted Stock Units, Beneficial Ownership, Form 4
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