Form 4: Surrozen CFO and COO Charles O. Williams Reports Stock Option and RSU Grant

Charles O. Williams, CFO and COO of Surrozen, Inc., reports the acquisition of stock options and restricted stock units (RSUs) in the company.

Summary

• On April 24, 2024, Charles O. Williams, CFO and COO of Surrozen, Inc., filed a Form 4 with the SEC.
• The report details the grant of stock options to purchase 13,000 shares of Surrozen's common stock at an exercise price of $8.97.
• These options vest in 48 equal monthly installments starting February 1, 2024.
• Williams also received 7,000 restricted stock units (RSUs), each representing a contingent right to receive one share of Surrozen's common stock.
• The RSUs vest in two equal installments on January 1, 2025, and January 1, 2026.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock option and RSU grants, with no inherent positive or negative sentiment.

Positives

• The grant of stock options and RSUs to a key executive like the CFO and COO can be seen as an incentive to align their interests with the company's long-term success.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates compensation practices at Surrozen.

Stakeholder Impact

• The grant of equity to executives can align their interests with those of shareholders.

Key Dates