Form 4: Dyadic International Director Michael Tarnok Exercises Stock Options
SEC Form 4 Filing
Director Michael Tarnok exercised stock options of Dyadic International, resulting in changes in beneficial ownership.
Summary
- On May 21, 2024, Michael P. Tarnok, a director of Dyadic International, exercised a total of 30,000 stock options at an exercise price of $1.36 per share.
- The exercise price was paid through the withholding of 24,431 shares of common stock by Dyadic International, based on a market price of $1.67 per share on May 21, 2024.
- Following these transactions, Tarnok's direct ownership of Dyadic International common stock is 221,672 shares.
- The stock options exercised had various grant dates (June 12, 2014, June 12, 2015, and December 31, 2015) and all expired on June 11, 2024.
Sentiment
Score: 5
Explanation: This is a neutral event. A director exercised stock options, which is a routine transaction. The withholding of shares to cover the exercise price is also standard practice.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders (officers, directors, and 10% owners) of a publicly traded company buy or sell the company's securities. This filing indicates changes in Michael Tarnok's holdings of Dyadic International stock.
Stakeholder Impact
- The exercise of stock options by a director could have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/12/2014 | Grant date of some of the stock options exercised. |
| 06/12/2015 | Grant date of some of the stock options exercised. |
| 12/31/2015 | Grant date of some of the stock options exercised. |
| 06/11/2024 | Expiration date of the stock options exercised. |
| 05/21/2024 | Date of stock option exercise and share withholding. |
| 05/23/2024 | Date of signature on the Form 4 filing. |
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