Form 4: Coherus BioSciences CFO Bryan J. McMichael Acquires 200,000 Stock Options
SEC Form 4 Filing
Bryan J. McMichael, CFO of Coherus BioSciences, acquired 200,000 stock options on May 7, 2025, according to a Form 4 filing with the SEC.
Summary
- On May 7, 2025, Bryan J. McMichael, the Chief Financial Officer of Coherus BioSciences, Inc. [CHRS], acquired 200,000 stock options.
- These options have an exercise price of $0.9462.
- The options vest in installments, starting with 1/4th of the total shares vesting on May 7, 2026, and the remaining shares vesting monthly thereafter, contingent upon continued service with the company.
- The options expire on May 7, 2035.
Sentiment
Score: 6
Explanation: The document is a routine SEC filing related to stock option grants, which is a neutral event. It doesn't inherently indicate positive or negative sentiment, but rather a standard part of executive compensation.
Industry Context
This is a standard practice for companies to grant stock options to executives as part of their compensation packages, aligning their interests with those of the shareholders.
Stakeholder Impact
- The granting of stock options can incentivize management to improve company performance, potentially benefiting shareholders.
- Employees may view stock option grants to executives as a positive sign of company growth and stability.
Key Dates
| Date | Description |
|---|---|
| 05/07/2025 | Date of transaction: CFO Bryan J. McMichael acquired 200,000 stock options. |
| 05/07/2026 | First vesting date: 1/4th of the total shares subject to the option vest. |
| 05/07/2035 | Expiration date of the stock options. |
| 05/09/2025 | Date of signature on the Form 4 filing. |
Keywords
stock options, Form 4, Coherus BioSciences, Bryan J. McMichael, CFO, acquisition, vesting, CHRS
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