Form 4: Inari Medical CEO Andrew Hykes Exercises Stock Options, Reports Beneficial Ownership Changes
SEC Form 4 Filing
Inari Medical's CEO, Andrew Hykes, executed stock options and reported changes in his beneficial ownership of the company's stock on February 10, 2025.
Summary
- On February 10, 2025, Andrew Hykes, the President and CEO of Inari Medical, Inc., exercised stock options.
- These transactions involved the acquisition of common stock at prices of $0.4284, $6.4546, and $0.4569 per share.
- Following these transactions, Hykes directly owns 697,244 shares of common stock.
- He also has indirect ownership through his children and spouse.
- The exercised stock options had various vesting schedules, with full vesting occurring on March 29, 2022, January 1, 2024, and January 1, 2023.
Sentiment
Score: 5
Explanation: This is a neutral reporting of stock option exercises, neither inherently positive nor negative.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
- It has a limited impact on employees, customers, suppliers, and creditors.
Key Dates
| Date | Description |
|---|---|
| March 29, 2022 | Stock option 1 became fully vested and exercisable. |
| January 1, 2023 | Stock option 3 became fully vested and exercisable. |
| January 1, 2024 | Stock option 2 became fully vested and exercisable. |
| February 10, 2025 | Date of the stock option exercises and reported transactions. |
| February 12, 2025 | Date of signature for the Form 4 filing. |
| May 03, 2028 | Expiration date of stock option 1. |
| March 12, 2029 | Expiration date of stock option 3. |
| January 17, 2030 | Expiration date of stock option 2. |
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