Form 4: Citius Pharmaceuticals Director Exercises Options and Disposes of Shares
SEC Form 4
Eugene Myron Holuka, a director of Citius Pharmaceuticals, exercised stock options and disposed of a small number of shares to cover tax obligations.
Summary
- On March 13, 2024, Eugene Myron Holuka, a director of Citius Pharmaceuticals, exercised stock options to acquire 2,415 shares of common stock at a price of $0.015 per share.
- Following the exercise, Holuka disposed of 48 shares at a price of $0.75 to satisfy tax obligations.
- After these transactions, Holuka directly owns 2,367 shares of Citius Pharmaceuticals common stock.
- Holuka also holds options to purchase a total of 318,334 additional shares at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Option exercises and subsequent sales to cover taxes are common.
Key Dates
| Date | Description |
|---|---|
| 04/14/2017 | Original exercisable date of some stock options. |
| 09/13/2018 | Options vested in full on this date. |
| 09/04/2019 | Options vested in full on this date. |
| 10/08/2020 | Options vested in full on this date. |
| 07/07/2021 | Options vested in full on this date. |
| 10/06/2021 | Options vested in full on this date. |
| 02/16/2022 | Options vested in full on this date. |
| 07/22/2022 | Options vested in full on this date. |
| 10/11/2022 | Options vested in full on this date. |
| 10/04/2023 | Options vested in full on this date. |
| 10/10/2023 | Options were granted on this date. |
| 03/13/2024 | Director exercised stock options and disposed of shares. |
| 04/14/2024 | Expiration date of some stock options. |
| 09/13/2027 | Expiration date of some stock options. |
| 10/08/2029 | Expiration date of some stock options. |
| 07/07/2030 | Expiration date of some stock options. |
| 10/06/2030 | Expiration date of some stock options. |
| 02/16/2031 | Expiration date of some stock options. |
| 07/22/2031 | Expiration date of some stock options. |
| 10/11/2031 | Expiration date of some stock options. |
| 10/04/2032 | Expiration date of some stock options. |
| 10/10/2033 | Expiration date of some stock options. |
| 08/30/2024 | Date of signature on the form. |
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