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

Director Gunjan Sinha of EGAIN Corp has acquired 40,000 stock options, vesting over four years, as part of the company's 2005 Stock Incentive Plan.

Summary

• Gunjan Sinha, a director at EGAIN Corp, has been granted 40,000 stock options.
• These options were granted on September 30, 2021, with an exercise price of $11.36 per share.
• The options will vest over four years, with 1/48th of the total shares vesting each month starting September 1, 2021.
• The grant was approved by the Board of Directors on September 10, 2021, and by stockholders on September 30, 2021, following amendments to the company's 2005 Stock Incentive Plan.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, which is generally positive for aligning director and shareholder interests. There are no negative implications.

Positives

• The grant of stock options to a director aligns their interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The director's stock options will vest over the next four years, subject to continued service.

Industry Context

Stock option grants are a common form of compensation for directors and executives in publicly traded companies, aligning their interests with shareholders and incentivizing long-term value creation.

Comparison to Industry Standards

• Stock option grants are a standard practice for compensating directors in publicly traded companies like EGAIN Corp.
• The four-year vesting schedule is also a common practice to ensure long-term commitment.
• The exercise price of $11.36 is specific to EGAIN Corp's stock and would need to be compared to similar companies in the same sector to assess its relative value.

Stakeholder Impact

• The stock option grant aligns the director's interests with those of shareholders, potentially leading to increased focus on long-term value creation.
• The vesting schedule encourages the director's continued service and commitment to the company.

Key Dates

Keywords

stock options, director, EGAIN Corp, insider trading, equity compensation, vesting, stock incentive plan