Form 4: Surrozen Director David J. Woodhouse Acquires Options

Director David J. Woodhouse acquired options to purchase 1,333 shares of Surrozen, Inc. common stock on June 5, 2024.

Summary

• On June 5, 2024, David J. Woodhouse, a director of Surrozen, Inc., acquired options to purchase 1,333 shares of the company's common stock.
• The options have an exercise price of $11.
• The options vest and become exercisable on the anniversary of the grant date, contingent upon continuous service as a director, with an expiration date of June 5, 2034.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine disclosure of stock option grants to a director.

Positives

• The acquisition of options by a director may signal confidence in the company's future prospects.

Industry Context

This is a standard Form 4 filing, reflecting a director's acquisition of stock options, a common form of executive compensation in publicly traded companies.

Comparison to Industry Standards

• Stock option grants are a typical component of director compensation packages in the biotechnology industry, used to align director interests with shareholder value.
• The vesting schedule and exercise price are within typical ranges for such grants, but without further information on the overall compensation package, a detailed comparison is difficult.

Stakeholder Impact

• The acquisition of options by a director could have a slightly positive impact on shareholder sentiment.

Key Dates