Form 4: Profusa Director Jack Stover Awarded Stock Options

Profusa, Inc. Director Jack Stover received awards of stock options to purchase common stock, aligning his interests with shareholders.

Summary

• Jack E. Stover, a Director and 10% Owner of Profusa, Inc. (PFSA), was awarded two grants of stock options.
• The first award consists of 221,794 stock options with an exercise price of $0.35 per share, representing an inaugural director award.
• These inaugural options vest in three equal annual increments over a period of three years from the closing of the business combination between the Issuer (formerly NorthView Acquisition Corp.) and Profusa, Inc. (the "Closing").
• The second award consists of 52,866 stock options with an exercise price of $0.35 per share, representing an annual director award.
• These annual options vest on the first anniversary of the Closing.
• Both sets of options were transacted on January 26, 2026, became exercisable on January 26, 2026, and expire on January 26, 2036.
• Following these transactions, Jack Stover beneficially owns 221,794 direct stock options from the inaugural award and 52,866 direct stock options from the annual award.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. It represents routine director compensation designed to align interests, which is generally a positive for corporate governance, but it does not provide new operational or financial performance insights.

Positives

• The award of stock options to Director Jack Stover aligns his financial interests with those of the company's shareholders, incentivizing long-term performance.
• The options have a 10-year expiration date, providing a long window for potential value realization.

Future Outlook

The inaugural director award options will vest in three equal annual increments over three years from the closing of the business combination. The annual director award options will vest on the first anniversary of the closing of the business combination.

Industry Context

StockSavvy.ai notes that director stock option awards are a common practice in the biotechnology and medical device industries, such as Profusa's, to attract and retain experienced board members. These awards are designed to incentivize long-term commitment and align the interests of directors with the company's performance and shareholder value creation, particularly in companies undergoing significant corporate events like business combinations.

Comparison to Industry Standards

• This filing does not provide sufficient detail on comparable companies or specific project results to assess the awards against global benchmarks for director compensation.

Related Party Transactions

• The stock option awards to Jack E. Stover, a Director and 10% Owner, represent a form of related party compensation.

Stakeholder Impact

• Shareholders: The awards align the director's long-term interests with shareholder value creation, potentially leading to more focused strategic decisions.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• The inaugural director options will vest in three equal annual increments over three years from the closing of the business combination.
• The annual director options will vest on the first anniversary of the closing of the business combination.

Key Dates

Recommendation

This filing reports a routine insider transaction (stock option awards) to a director. While it indicates continued alignment of interests, it does not provide sufficient new information regarding the company's operational performance or strategic direction to warrant a change in investment recommendation. Investors should 'hold' and await further operational updates.

Keywords

Profusa, PFSA, Jack Stover, Stock Options, Director Compensation, Insider Transaction, Form 4, Equity Award, Vesting Schedule