Form 4: ChromaDex Corp. Director Acquires 20,000 Stock Options
SEC Form 4 Filing
Director Wing Tak Wendy Yu of ChromaDex Corp. acquired 20,000 stock options on June 20, 2024, exercisable at $2.71, vesting on June 20, 2025.
Summary
- On June 20, 2024, Wing Tak Wendy Yu, a director of ChromaDex Corp., acquired 20,000 stock options.
- The exercise price of these options is $2.71.
- The options vest 100% on June 20, 2025, and expire on June 19, 2034.
- Following the transaction, Yu directly owns 20,000 derivative securities (stock options).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock option grants, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock option grants to a company director, which is a common practice in publicly traded companies to align management's interests with those of shareholders.
Stakeholder Impact
- The granting of stock options to a director can align their interests with those of shareholders, potentially incentivizing them to increase shareholder value.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of earliest transaction: Director acquired 20,000 stock options. |
| 06/20/2025 | Option vests 100%. |
| 06/19/2034 | Expiration date of the stock options. |
| 06/24/2024 | Date of signature on the Form 4 filing. |
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