Christopher Downs - 28 Apr 2022 Form 4 Insider Report for CNS Pharmaceuticals, Inc. (CNSP)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
29 Apr 2022, 17:12:32 UTC
Prior SEC filing
14 Mar 2022
Next SEC filing
10 Feb 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Christopher Downs

Key filing fact

Christopher Downs filed Form 4 for CNS Pharmaceuticals, Inc. (CNSP) on 29 Apr 2022.

Key facts

  • This page summarizes Christopher Downs's Form 4 filing for CNS Pharmaceuticals, Inc. (CNSP).
  • 1 reported transaction and 1 derivative row are listed below.
  • Accepted by SEC: 29 Apr 2022, 17:12.

Change

  • Previous filing in this sequence was filed on 14 Mar 2022.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CNSP transaction Derivative

Restricted Stock Units

Award

Transaction value
Shares
+250,000
Change %
+58%
Price
Shares after
681,000
Date
28 Apr 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
250,000
Exercise price
Footnotes
F1, F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Each restricted stock unit represents a contingent right to receive one shares of Issuer common stock.

Footnote F2

The restricted stock units set forth in this table vest as follows, subject to the grantee's continued service to the Company on each vesting date, (i) 25% of the grant will vest in four equal annual installments over 4 years; (ii) 25% of the grant will vest if within 24 months from issuance the average the closing price of the Issuer common stock over a ten trading day period exceeds $2.00 (subject to pro rata adjustment for stock splits or similar events); (iii) 25% of the grant will vest if within 36 months from issuance the average the closing price of the Issuer common stock over a ten trading day period exceeds $4.00 (subject to pro rata adjustment for stock splits or similar events); and (iv) 25% of the grant will vest if within 24 months from issuance the Issuer achieves positive interim, clinical data as determined by its Board of Directors.

Footnote F3

Issued in connection with the reporting person's employment with the Company.

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