Form 4: EGAIN Corp Director Acquires 40,000 Stock Options

Director Christine Russell acquired 40,000 stock options in EGAIN Corp, vesting over four years.

Summary

• Christine Russell, a director at EGAIN Corp, has acquired 40,000 stock options.
• The options were granted on September 30, 2021, with an exercise price of $11.36.
• The options will vest monthly over four years, starting September 1, 2021.
• The options expire on September 1, 2031.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction, indicating confidence from a director in the company's future, which is generally positive.

Positives

• The acquisition of stock options by a director can be seen as a positive sign of confidence in the company's future.

Industry Context

This is a standard transaction for a director of a public company, often used as part of their compensation package and to align their interests with shareholders.

Comparison to Industry Standards

• Stock option grants to directors are a common practice across the industry.
• The vesting schedule of four years is also a typical timeframe for such grants.
• The exercise price is set at $11.36, which would be compared to the current market price of the stock to determine the value of the options.

Stakeholder Impact

• The stock option grant aligns the director's interests with those of the shareholders.

Key Dates

Keywords

stock options, director, EGAIN Corp, insider trading, equity, vesting