Form 4: Glaukos Director Marc Stapley Boosts Stake Through RSU and Option Grants

Glaukos Corporation Director Marc Stapley has increased his beneficial ownership in the company through the acquisition of restricted stock units and stock options as part of his director compensation.

Summary

• Marc Stapley, a Director of Glaukos Corp (GKOS), reported changes in his beneficial ownership of company securities.
• On January 2, 2025, Mr. Stapley acquired 538 restricted stock units (RSUs) at a price of $0, received in lieu of annual director retainer fees.
• These 538 RSUs are set to vest in full on the one-year anniversary of the grant date and will be payable in an equivalent number of common shares.
• Following this transaction, Mr. Stapley's beneficial ownership of common stock was 34,614 shares, which includes 3,298 unvested or deferred RSUs.
• On May 29, 2025, Mr. Stapley acquired an additional 2,108 restricted stock units (RSUs) at a price of $0, granted pursuant to the Issuer's Director Compensation Policy.
• These 2,108 RSUs will also vest in full on the one-year anniversary of the grant date and are payable in common shares.
• After this second RSU grant, his total beneficial ownership of common stock increased to 36,722 shares, including 4,362 unvested or deferred RSUs.
• Additionally, on May 29, 2025, Mr. Stapley was granted 3,149 stock options with an exercise price of $94.87.
• These stock options will vest in full on May 29, 2026 (one-year anniversary of grant date) and have an expiration date of May 29, 2035.
• The transactions were made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director is increasing their stake in the company, aligning their interests with shareholders. However, it's a routine compensation event, not a discretionary purchase, so the positive impact is limited.

Positives

• The acquisition of additional common stock through Restricted Stock Units (RSUs) and stock options by a director aligns management's interests with those of shareholders.
• The transactions are part of a pre-arranged 10b5-1 plan, indicating a structured approach to compensation and ownership.

Future Outlook

This document does not provide forward-looking statements or guidance regarding the company's financial performance or strategic outlook, as it is solely focused on insider ownership changes.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions and does not provide information relevant to broader industry trends or competitive analysis. It reflects standard compensation practices for directors in publicly traded companies.

Related Party Transactions

• The grants of restricted stock units and stock options to Director Marc Stapley constitute related party transactions as they are part of his compensation under the Issuer's Director Compensation Policy.

Stakeholder Impact

• Shareholders: The increase in director ownership through equity grants can be seen as a positive signal, aligning the director's financial interests with the long-term performance of the company and shareholder value.
• Employees: No direct impact mentioned.

Next Steps

• The 538 Restricted Stock Units granted on January 2, 2025, will vest on January 2, 2026.
• The 2,108 Restricted Stock Units and 3,149 Stock Options granted on May 29, 2025, will vest on May 29, 2026.

Key Dates

Keywords

Glaukos Corp, GKOS, Marc Stapley, SEC Form 4, Insider Trading, Restricted Stock Units, RSUs, Stock Options, Director Compensation, Beneficial Ownership, 10b5-1 Plan