Form 4: EGAIN Corp Director Brett A. Shockley Reports Stock Option Grant
SEC Form 4 Filing
Director Brett A. Shockley reports receiving a stock option grant from EGAIN Corp.
Summary
- Brett A. Shockley, a director of EGAIN Corp, filed a Form 4 on December 31, 2024, reporting a transaction.
- On September 30, 2021, Shockley was granted a stock option to purchase 40,000 shares of common stock at an exercise price of $11.36.
- The option vests over four years, with 1/48th of the total shares vesting each month following September 1, 2021, subject to continued service.
- Following the reported transaction, Shockley beneficially owns 40,000 derivative securities (stock options) directly.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently indicate positive or negative sentiment, but rather reports a transaction.
Positives
- The grant of stock options to a director aligns their interests with those of the shareholders.
Industry Context
Stock options are a common form of executive compensation used to incentivize performance and align management's interests with those of shareholders.
Stakeholder Impact
- The stock option grant could potentially incentivize the director to improve company performance, benefiting shareholders.
Key Dates
| Date | Description |
|---|---|
| September 10, 2021 | Board of Directors approved the option grant. |
| September 1, 2021 | Vesting start date for the stock options. |
| September 30, 2021 | Date of the option grant transaction and stockholder approval of the Amended and Restated 2005 Stock Incentive Plan. |
| September 30, 2021 | Date of Earliest Transaction |
| September 1, 2031 | Expiration date of the stock options. |
| December 31, 2024 | Date of Form 4 filing. |
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