Form 4: VirTra Executive Chairman Robert Ferris Redeems Stock Option for $32,200
SEC Form 4
Robert Ferris, Executive Chairman of VirTra, Inc., redeemed a stock option for 5,000 shares at $6.44 per share, totaling $32,200, on May 28, 2024.
Summary
- Robert Ferris, the Executive Chairman of VirTra, Inc., redeemed a non-qualified stock option on May 28, 2024.
- The stock option allowed him to purchase 5,000 shares of VirTra's common stock at an exercise price of $3.76 per share, granted on July 1, 2017.
- The issuer redeemed the stock option at the closing price on Nasdaq on May 28, 2024, which was $6.44 per share.
- The total purchase price for the stock option redemption was $32,200.
- The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock option redemption) with no clear positive or negative implications for the company's overall performance.
Management Comments
- The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer.
Industry Context
This is a standard transaction related to executive compensation and stock options, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 07/01/2017 | Date the stock option was granted to Robert Ferris. |
| 07/01/2024 | Original expiration date of the stock option. |
| 05/28/2024 | Date of the stock option redemption by Robert Ferris. |
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