Form 4: Senseonics Director Steven Edelman Acquires Shares in Lieu of Retainer Fees

Director Steven Edelman acquired 32,529 shares of Senseonics Holdings, Inc. common stock on July 1, 2024, in lieu of quarterly retainer fees.

Summary

• On July 1, 2024, Steven Edelman, a director of Senseonics Holdings, Inc., acquired 32,529 shares of common stock.
• The acquisition was made in lieu of quarterly retainer fees, according to the issuer's non-employee director compensation policy.
• The shares were valued at $0.3958 each, based on the closing price of Senseonics' common stock on the NYSE American on July 1, 2024.
• The total value of the shares received in lieu of fees is $12,875.
• Following the transaction, Edelman directly owns 1,039,792 shares of Senseonics common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a standard compensation practice. The director's increased stake could be seen as a positive signal, but it's primarily a routine transaction.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• Using stock in lieu of cash retainer fees preserves cash for the company.

Industry Context

Directors receiving stock in lieu of cash compensation is a common practice, especially for smaller companies, to conserve cash and align director interests with shareholders.

Comparison to Industry Standards

• Stock compensation for board members is a common practice across the industry.
• The amount of stock compensation varies widely depending on the size and stage of the company.
• Comparing Senseonics' director compensation to similar medical device companies would provide a better benchmark.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive sign.
• The company benefits from conserving cash by issuing stock instead of cash compensation.

Key Dates