Form 4: Indaptus Therapeutics COO Cancels Stock Options, Receives $500 Consideration
SEC Form 4 Filing
Walt Addison Linscott, Chief Operating Officer of Indaptus Therapeutics, Inc., canceled several stock option grants by mutual agreement, receiving $500 in consideration.
Summary
- Walt Addison Linscott, the Chief Operating Officer of Indaptus Therapeutics, Inc. (INDP), filed a Form 4 on April 11, 2025, reporting changes in beneficial ownership.
- The report indicates that Linscott canceled multiple stock option grants by mutual agreement with the company on April 10, 2025.
- As consideration for the cancellation, Linscott received a total of $500.
- The canceled options had various grant dates and exercise prices, but all were canceled on the same day.
- Following the cancellation, Linscott no longer holds any of the derivative securities (stock options) previously reported.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. The cancellation of options and receipt of $500 is a relatively small transaction and doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock option management, common in publicly traded companies. It doesn't necessarily indicate a broader trend within the biotechnology industry but reflects internal decisions at Indaptus Therapeutics.
Key Dates
| Date | Description |
|---|---|
| 12/11/2017 | Original grant date of one of the canceled stock option grants. |
| 01/22/2019 | Original grant date of one of the canceled stock option grants. |
| 02/17/2020 | Original grant date of one of the canceled stock option grants. |
| 09/13/2019 | Original grant date of one of the canceled stock option grants. |
| 09/16/2020 | Original grant date of one of the canceled stock option grants. |
| 04/10/2025 | Date of stock option cancellation. |
| 04/11/2025 | Date of Form 4 filing. |
Keywords
Form 4, Indaptus Therapeutics, Stock Options, Beneficial Ownership, Walt Addison Linscott, INDP, COO
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