Form 4: Carmell Corp Director Kathryn Gregory Reports Acquisition of Stock Options and Common Stock
SEC Form 4
Director Kathryn Gregory reports acquiring stock options and common stock through direct ownership and via Carmell Insiders LLC.
Summary
- On October 11, 2024, Kathryn Gregory, a director of Carmell Corp, reported transactions involving the company's securities.
- Gregory acquired 76,878 stock options with an exercise price of $0.358, expiring on October 11, 2034.
- These options vest over time, with 25% vesting after one year and the remaining 75% vesting in equal monthly installments over the following 36 months, contingent upon continued service.
- Gregory also reported beneficial ownership of 22,500 shares of common stock through Carmell Insiders LLC.
- The total amount invested in the LLC by its members was $115,000 as of the date of this filing.
- Gregory's interest in the LLC is 21.7%, equivalent to the interest held by David Anderson and Patrick Sturgeon, while Scott Frisch and Gilles Spenlehauer each hold 17.4%.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard insider transaction report, indicating confidence from a director but not necessarily a major catalyst for stock movement.
Positives
- The acquisition of stock options by a director could be seen as a positive sign, indicating confidence in the company's future performance.
- The structure of Carmell Insiders LLC allows board members to invest in the company while adhering to insider trading policies.
Industry Context
This filing is a routine disclosure related to insider trading regulations. It reflects the investment activities of a company director, which is common in publicly traded companies.
Stakeholder Impact
- The acquisition of shares and options by a director could positively influence shareholder sentiment, reflecting confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 07/17/2021 | Grant date of stock options with an exercise price of $2.2748 and an expiration date of 07/17/2030. |
| 02/10/2022 | Grant date of stock options with an exercise price of $2.2748 and an expiration date of 02/10/2031. |
| 09/23/2022 | Grant date of stock options with an exercise price of $2.1123 and an expiration date of 09/23/2031. |
| 10/11/2024 | Date of transaction: Kathryn Gregory acquired 76,878 stock options and reported beneficial ownership of 22,500 shares of common stock through Carmell Insiders LLC. |
| 10/11/2025 | First vesting date (25%) for the stock options acquired on 10/11/2024. |
| 07/17/2030 | Expiration date of stock options granted on 07/17/2021. |
| 02/10/2031 | Expiration date of stock options granted on 02/10/2022. |
| 09/23/2031 | Expiration date of stock options granted on 09/23/2022. |
| 10/11/2034 | Expiration date of stock options acquired on 10/11/2024. |
Keywords
Form 4, insider trading, stock options, common stock, Carmell Corp, CTCX, Kathryn Gregory, beneficial ownership, Carmell Insiders LLC
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