Form 4: NeuroPace Director Rakhi Kumar Acquires Stock Options
SEC Form 4 Filing
Director Rakhi Kumar acquired stock options in NeuroPace Inc. on June 7, 2024, according to a Form 4 filing with the SEC.
Summary
- Rakhi Kumar, a director of NeuroPace Inc., acquired stock options on June 7, 2024.
- The options grant the right to buy 17,774 shares of common stock at an exercise price of $6.47.
- The options vest in twelve equal monthly installments.
- Following the transaction, Kumar directly owns 17,774 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like directors and officers, trade their company's stock. This filing indicates a grant of stock options to a director, which is a common form of compensation.
Key Dates
| Date | Description |
|---|---|
| 2024/03/12 | Power of Attorney executed by Rakhi Kumar. |
| 2024/06/07 | Date of the stock option grant. |
| 2024/06/11 | Date of the Form 4 filing. |
| 2034/06/06 | Expiration date of the stock options. |
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