Form 4: Precipio Director Receives Stock Grant in Lieu of Cash Compensation

Director David Seth Cohen receives 3,575 shares of Precipio, Inc. stock as deferred compensation for board service.

Summary

• On April 15, 2024, David Seth Cohen, a director of Precipio, Inc., acquired 3,575 shares of common stock.
• The shares were granted as consideration in lieu of cash payment for deferred compensation for his service as a member of the Board of Directors for Q4-23 and Q1-24.
• The price is a weighted average price ranging from $5.35 to $6.74, with the reporting person undertaking to provide full information regarding the number of shares calculated at each separate price within the range.
• Following the transaction, Cohen beneficially owns 42,746 shares of Precipio, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to director compensation. The acceptance of stock in lieu of cash could be seen as a slightly positive sign.

Positives

• The acceptance of stock in lieu of cash compensation by a director could be seen as a positive signal of confidence in the company's future.

Industry Context

Directors receiving stock grants as part of their compensation is a common practice, particularly in smaller companies or those looking to conserve cash. It aligns the director's interests with those of the shareholders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it demonstrates the director's alignment with the company's success.

Key Dates

Keywords

Precipio, Director, Cohen, Stock Grant, Compensation, Form 4, PRPO