Form 4: Beyond Air Director's Options Repriced to $1.95

Beyond Air, Inc. director Robert Scott Goodman's stock options were repriced from $10.80 to $1.95 per share, effective November 4, 2025.

Summary

• Robert Scott Goodman, a Director of Beyond Air, Inc. (XAIR), had 187 of his stock options repriced.
• The repricing was approved by the Issuer's Board of Directors and became effective on November 4, 2025.
• The exercise price for these options was reduced from $10.80 per share to $1.95 per share.
• The new exercise price of $1.95 per share was based on the closing price of Beyond Air's common stock on November 3, 2025.
• All other terms of the options, including the vesting schedule, remain unchanged.
• The stock option award was issued pursuant to the Company's Amended and Restated 2013 Equity Incentive Plan.

Sentiment

Score: 4

Explanation: The repricing of options, while beneficial for the insider, generally reflects negatively on the company's past stock performance and can be perceived as a negative signal by the market, indicating a need to reset incentives due to a significant drop in share price.

Positives

• For Robert Scott Goodman, the repricing significantly lowers the exercise price of his stock options, making them more likely to be in-the-money and providing a renewed incentive for his continued service.

Negatives

• The repricing indicates a substantial decline in Beyond Air's stock price, as the original options with an exercise price of $10.80 were likely significantly underwater.
• Option repricings can be viewed negatively by existing shareholders as they may signal poor past performance or potential future dilution if the stock recovers.

Future Outlook

The filing indicates that the stock options will become exercisable in accordance with the vesting schedule specified in the award agreement and subject to the reporting person's continued service with the Issuer.

Industry Context

This insider transaction, specifically an option repricing, reflects a company-specific event rather than a broad industry trend. However, option repricings often occur in sectors where stock performance has been challenging, potentially indicating difficulties within the medical device or biotechnology industry for Beyond Air, Inc.

Corporate Governance

Related Party Transactions

• The repricing of stock options for Robert Scott Goodman, a Director of Beyond Air, Inc., constitutes a related party transaction.

Stakeholder Impact

• Shareholders: May experience a negative perception due to the underlying stock price decline that necessitated the repricing, and potential future dilution if the repriced options are exercised.
• Director (Robert Scott Goodman): Benefits from a significantly lower exercise price, enhancing the potential value of his equity compensation and providing renewed incentive.

Next Steps

• The stock options will vest according to the schedule specified in the award agreement, contingent on Robert Scott Goodman's continued service with Beyond Air, Inc.

Key Dates

Keywords

Beyond Air, XAIR, stock options, option repricing, insider transaction, Form 4, Robert Scott Goodman, equity incentive plan