Form 4: Surrozen CEO Craig C. Parker Acquires 43,000 Options

Craig C. Parker, CEO of Surrozen, Inc., reports the acquisition of 43,000 options in the company.

Summary

• On April 24, 2024, Craig C. Parker, the CEO of Surrozen, Inc., acquired 43,000 options to purchase common stock.
• The options have an exercise price of $8.97.
• The options vest in 48 equal monthly installments starting February 1, 2024, contingent upon continuous service.
• The expiration date for these options is April 24, 2034.
• Following the transaction, Parker directly owns 43,000 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The CEO acquiring options suggests confidence, but it's a routine part of compensation.

Positives

• The acquisition of options by the CEO could be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

This is a standard practice for compensating and incentivizing executives in publicly traded companies, aligning their interests with those of the shareholders.

Comparison to Industry Standards

• Option grants are a common component of executive compensation packages in the biotechnology industry.
• The vesting schedule of 48 months is fairly standard for executive stock options.
• The specific number of options granted and the exercise price would need to be compared to peer companies to determine if they are in line with industry norms.

Stakeholder Impact

• The option grant could potentially incentivize the CEO to improve company performance, benefiting shareholders.

Key Dates