Form 4: Organovo Holdings Director Adam Stern Acquires Restricted Stock Units

Director Adam Stern acquired 19,607 restricted stock units in Organovo Holdings, Inc. on August 7, 2024.

Summary

• On August 7, 2024, Adam K Stern, a director of Organovo Holdings, Inc., acquired 19,607 shares of common stock in the form of restricted stock units.
• The price per share was $0.00.
• Following the transaction, Stern directly owns 58,821 shares of Organovo Holdings, Inc.
• The restricted stock units vest on the earlier of August 7, 2025, or the date of the next annual meeting of stockholders held by the Issuer in 2025, subject to acceleration in the event of a change of control.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock acquisition by a director. The acquisition itself can be seen as mildly positive, but the document is primarily informational.

Positives

• A director's acquisition of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The vesting of the restricted stock units is contingent upon continued service until August 7, 2025, or the date of the next annual meeting of stockholders held by the Issuer in 2025, and may accelerate upon a change of control.

Industry Context

This is a standard SEC Form 4 filing, reflecting a change in beneficial ownership by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a company director.

Key Dates

Keywords

Organovo Holdings, Director, Stock Units, Acquisition, ONVO, Restricted Stock, Beneficial Ownership, Form 4