Form 4: Clene Inc. CEO Robert Etherington Acquires Shares and Warrants
SEC Form 4 Filing
Clene Inc.'s CEO, Robert Dee Etherington, reports the acquisition of 10,000 shares of common stock and 10,000 warrants.
Summary
- Robert Dee Etherington, CEO of Clene Inc., filed a Form 4 detailing changes in beneficial ownership.
- On September 30, 2024, Etherington purchased 10,000 shares of Clene Inc. common stock at a price of $4.75 per share.
- The transaction resulted in Etherington directly owning 40,149 shares of common stock.
- Etherington also indirectly owns 636 shares through RDE RX Ventures LLC and 1,250 shares through the Etherington Revocable Trust.
- Additionally, Etherington acquired 10,000 warrants with an exercise price of $4.82, exercisable from October 1, 2024, and expiring on October 1, 2029.
- The price of the warrants was $0.125.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The CEO's purchase of shares and warrants suggests confidence, but it's a relatively small transaction.
Positives
- The CEO's purchase of shares could be interpreted as a positive signal about the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of stock and warrant transaction |
| 10/01/2024 | Warrants become exercisable |
| 10/01/2029 | Warrants expiration date |
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