Form 4: Carmell Corp Director Scott M. Frisch Reports Transactions in Company Stock
SEC Form 4 Filing
Director Scott M. Frisch reports acquisition of stock options and indirect ownership of common stock through Carmell Insiders LLC.
Summary
- Scott M. Frisch, a director of Carmell Corp [CTCX], filed a Form 4 detailing changes in beneficial ownership.
- The earliest transaction date reported is October 11, 2024.
- Frisch indirectly owns 7,598 shares of common stock through Carmell Insiders LLC.
- Frisch acquired stock options to buy 76,878 shares at $0.358 and another 76,878 shares at $2.88 on October 11, 2024 and October 9, 2024 respectively.
- The stock options vest over time, with 25% vesting one year from the grant date and the remaining 75% vesting in 36 equal monthly installments thereafter, contingent upon continued service.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing showing stock option grants and indirect stock ownership. The acquisition of options could be seen as a slightly positive sign, but it's not definitively bullish.
Positives
- Acquisition of stock options by a director may signal confidence in the company's future performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors for signals about management's confidence in the company.
Stakeholder Impact
- The transactions may provide some insight to shareholders regarding the director's view on the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 10/09/2024 | Date of stock option grant with an exercise price of $2.88. |
| 10/11/2024 | Date of earliest transaction and stock option grant with an exercise price of $0.358. |
| 10/09/2033 | Expiration date for stock options with an exercise price of $2.88. |
| 10/11/2025 | First vesting date (25%) for stock options granted on 10/11/2024. |
| 10/11/2034 | Expiration date for stock options with an exercise price of $0.358. |
| 11/08/2024 | Date of the Form 4 filing. |
Keywords
Form 4, beneficial ownership, stock options, Carmell Corp, CTCX, director, Scott M. Frisch, Carmell Insiders LLC
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