Form 4: Biote Corp. Director Dana Lynn Jacoby Reports Stock Transactions
SEC Form 4 Filing
Director Dana Lynn Jacoby reports acquisition and disposal of Biote Corp. stock and derivative securities.
Summary
- On May 21, 2024, Dana Lynn Jacoby, a director of Biote Corp., reported transactions involving the company's stock.
- Jacoby acquired 11,595 shares of Class A Common Stock through the vesting of Deferred Settlement RSUs and disposed of the same amount.
- Following the transaction, Jacoby directly owns 50,970 shares of Class A Common Stock.
- Jacoby also acquired 12,994 Deferred Settlement RSUs that will be settled in Class A Common Stock, and was granted an option to buy 65,258 shares of Class A Common Stock at an exercise price of $5.57, vesting on the earlier of May 21, 2025, or the day prior to the Issuer's 2025 Annual Meeting of Stockholders.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions by a company director, which is a routine occurrence.
Positives
- The granting of stock options and RSUs to directors can be seen as a positive sign, aligning their interests with those of the shareholders.
Future Outlook
Settlement of the Deferred Settlement RSUs will occur in either calendar year 2025 or upon the Reporting Person's separation from service. The stock options will vest on the earlier of May 21, 2025, or the day prior to the Issuer's 2025 Annual Meeting of Stockholders, subject to continuous service.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
- The granting of stock options and RSUs aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of stock transactions (acquisition/disposal of shares and grant of stock options and RSUs). |
| 05/21/2025 | Earliest vesting date for the stock options. |
| 05/20/2034 | Expiration date for the stock options. |
| 05/23/2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.