OBIO.NASDAQOrchestra Biomed Holdings, INC

Form 4: Orchestra BioMed Executive Yuval Mika Reports Stock Award and Disposal

Sentiment:

SEC Form 4

📋All filings for Orchestra Biomed Holdings, INC
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Yuval Mika, General Manager and Chief Technology Officer at Orchestra BioMed, reports the acquisition of restricted stock units and disposal of common stock.

Summary

  • On May 8, 2024, Yuval Mika, General Manager and Chief Technology Officer at Orchestra BioMed Holdings, Inc., reported transactions involving the company's stock.
  • Mika acquired 69,333 shares of common stock through an award of restricted stock units (RSUs) at a price of $0.
  • These RSUs vest in installments between May 18, 2025, and May 18, 2028, contingent upon continuous service.
  • Mika also disposed of 69,333 shares of common stock.
  • Following these transactions, Mika beneficially owns 158,905 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. The RSU award could be seen as a positive, but it's a routine part of executive compensation.

Positives

  • The award of RSUs to a key executive like Yuval Mika can be seen as a positive sign, aligning their interests with the long-term success of Orchestra BioMed.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a key executive at Orchestra BioMed.

Stakeholder Impact

  • Shareholders may view the RSU award as an incentive for the executive to perform well, potentially increasing shareholder value.

Key Dates

DateDescription
05/08/2024Date of the reported transactions (acquisition and disposal of shares).
05/18/2025First vesting date for 10,400 of the awarded RSUs.
08/18/2025Next vesting date for the remaining 58,933 RSUs in equal installments.
11/18/2025Next vesting date for the remaining 58,933 RSUs in equal installments.
12/18/2025Next vesting date for the remaining 58,933 RSUs in equal installments.
05/18/2026Next vesting date for the remaining 58,933 RSUs in equal installments.
08/18/2026Next vesting date for the remaining 58,933 RSUs in equal installments.
11/18/2026Next vesting date for the remaining 58,933 RSUs in equal installments.
03/25/2027Next vesting date for the remaining 58,933 RSUs in equal installments.
05/18/2027Next vesting date for the remaining 58,933 RSUs in equal installments.
08/18/2027Next vesting date for the remaining 58,933 RSUs in equal installments.
11/18/2027Next vesting date for the remaining 58,933 RSUs in equal installments.
03/25/2028Next vesting date for the remaining 58,933 RSUs in equal installments.
05/18/2028Final vesting date for the remaining 58,933 RSUs.
05/10/2024Date of the report filing.

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