CVRX.NASDAQCvrx, INC

4/A: CVRx Director Amends Filing to Correct Stock Option Understatement

Sentiment:

SEC Filing (Form 4/A Amendment)


An amended SEC filing reveals a correction to a previous report, clarifying the number of stock options held by CVRx director Ali Behbahani.

Summary

  • This is an amended SEC Form 4 filing by Ali Behbahani, a director of CVRx, Inc. (CVRX).
  • The amendment corrects an error in the original Form 4 filed on June 6, 2024, which understated the number of stock options granted to Behbahani by 6,289.
  • The corrected filing shows that Behbahani was granted 27,250 stock options on June 4, 2024, with an exercise price of $6.49.
  • These options vest on the earlier of June 4, 2025, or the Issuer's 2025 annual meeting of stockholders and expire on June 4, 2034.
  • Following the reported transaction, Behbahani directly owns 27,250 derivative securities.

Sentiment

Score: 6

Explanation: The document is a routine correction of an SEC filing. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Negatives

  • The original Form 4 filing contained an error, understating the number of stock options granted to Ali Behbahani.

Industry Context

This filing is a routine disclosure related to insider transactions and is part of the standard regulatory requirements for publicly traded companies.

Stakeholder Impact

  • The correction ensures transparency for shareholders regarding the stock options held by a company director.

Key Dates

DateDescription
06/04/2024Date of earliest transaction (grant of stock options)
06/04/2024Stock options vest on the earlier of this date in 2025 or the Issuer's 2025 annual meeting of stockholders
06/06/2024Date of original Form 4 filing (which contained an error)
06/07/2024Date of amended Form 4/A filing
06/04/2034Expiration date of stock options

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