Form 4: Ontrak Director James M. Messina Acquires 2,777,778 Options

Director James M. Messina reports acquisition of 2,777,778 options in Ontrak, Inc. following stockholder approval of the stock incentive plan.

Summary

• James M. Messina, a director of Ontrak, Inc., acquired 2,777,778 options to purchase Ontrak, Inc. common stock on September 10, 2024.
• The options have an exercise price of $0.2062.
• The options were granted under a stock incentive plan approved by the issuer's board of directors on June 30, 2024, and subsequently approved by stockholders on September 10, 2024.
• 1/3 of the shares subject to this option will vest on the first, second and third anniversaries of the grant date, subject to the reporting person's continuous service to the issuer through the applicable vesting date.
• The options expire on June 30, 2029.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a standard transaction related to executive compensation. The acquisition of options can be seen as a positive sign, but it's a routine event.

Positives

• The acquisition of options by a director may signal confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure related to executive compensation and is common in publicly traded companies.

Stakeholder Impact

• The acquisition of options by a director could be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

Ontrak, Director, Options, Acquisition, Stock Incentive Plan, Form 4, Messina, OTRK