Form 4: SeaStar Medical Director Rick Barnett Acquires Shares in Lieu of Cash Fees

Director Rick Barnett of SeaStar Medical Holding Corp acquires 70,264 shares of common stock in lieu of cash fees for his services.

Summary

• Rick Barnett, a director of SeaStar Medical Holding Corp, acquired 70,264 shares of common stock on April 12, 2024.
• The shares were granted in lieu of a portion of cash fees owed to Barnett for his services as a director.
• The shares were acquired at a price of $0.00.
• Following the transaction, Barnett directly owns 86,664 shares of SeaStar Medical Holding Corp.
• The shares are fully vested upon issuance.

Sentiment

Score: 6

Explanation: Neutral sentiment. The transaction is a standard form of compensation and doesn't necessarily indicate a strong positive or negative outlook for the company.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

Directors receiving stock in lieu of cash compensation is a fairly common practice, especially for smaller companies or those looking to conserve cash. It aligns the director's interests with those of the shareholders.

Related Party Transactions

• The grant of shares to Rick Barnett in lieu of cash fees is a related party transaction, as he is a director of the company.

Stakeholder Impact

• The transaction has a minor impact on shareholders, as it increases the number of outstanding shares, potentially diluting ownership slightly.

Key Dates

Keywords

SeaStar Medical Holding Corp, Director, Rick Barnett, Share Acquisition, Common Stock, Director Fees, ICU