Form 4: SCYNEXIS INC Director Ann Hanham Acquires 23,000 Shares and Options

Director Ann Hanham acquired 23,000 shares of SCYNEXIS INC common stock and options as part of director compensation.

Summary

• On June 20, 2024, Ann Hanham, a director of SCYNEXIS INC, acquired 23,000 shares of common stock and 23,000 stock options.
• The shares were acquired at a price of $0.00.
• The stock options have an exercise price of $1.88 and expire on June 19, 2034.
• The shares and options vest on the first anniversary of the grant date, contingent upon continuous service as a non-employee director.
• Following the transaction, Hanham directly owns 46,622 shares of SCYNEXIS INC common stock and 23,000 stock options.

Sentiment

Score: 7

Explanation: Director acquiring shares and options is generally a positive sign, indicating confidence in the company. The vesting requirements further align interests.

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 shares and options is contingent upon the director's continuous service, aligning their interests with the company's long-term performance.

Industry Context

Director stock ownership is a common practice to align management and shareholder interests. This transaction is typical for director compensation packages.

Comparison to Industry Standards

• Director compensation packages often include stock options and restricted stock units to incentivize long-term value creation.
• The vesting schedule of one year is a standard practice in the industry.
• The exercise price of $1.88 for the stock options will incentivize the director to improve the share price.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates