Form 4: BioAffinity Technologies Director Exercises Options and Disposes of Shares to Cover Costs
SEC Form 4 Filing
Director Steven Girgenti exercised stock options and disposed of shares to cover the exercise price, resulting in a net change in his beneficial ownership of BioAffinity Technologies stock.
Summary
- On April 3, 2024, Steven Girgenti, a director of bioAffinity Technologies, Inc., exercised stock options to acquire 64,848 shares of common stock at a price of $1.16 per share.
- To cover the cost of exercising these options, Girgenti disposed of 33,438 shares at a price of $2.24 per share.
- Following these transactions, Girgenti directly owns 1,023,168 shares of common stock.
- Girgenti also has indirect ownership of 8,955 shares through the Cranye Girgenti Testamentary Trust, for which he serves as co-trustee.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 04/28/2014 | Initial vesting date of the stock options in 7 equal monthly installments. |
| 04/03/2024 | Date of transaction: Exercise of stock options and disposal of shares. |
| 04/24/2024 | Date of signature for the Form 4 filing. |
| 04/28/2024 | Expiration date of the stock options. |
Keywords
Form 4, bioAffinity Technologies, BIAF, Steven Girgenti, Stock Options, Beneficial Ownership, Director, Securities
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