Christopher Downs - 28 Apr 2023 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
01 May 2023, 18:59:47 UTC
Prior SEC filing
18 Apr 2023
Next SEC filing
23 Aug 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 01 May 2023.

Key facts

  • This page summarizes Christopher Downs's Form 4 filing for CNS Pharmaceuticals, Inc. (CNSP).
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 01 May 2023, 18:59.

Change

  • Previous filing in this sequence was filed on 18 Apr 2023.
  • 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 non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CNSP transaction

Common Stock

Options Exercise

Transaction value
Shares
+521
Change %
+5.6%
Price
Shares after
9,772
Date
28 Apr 2023
Ownership
Direct
Footnotes
F1

Reported derivative securities

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

CNSP transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares
-521
Change %
-1.8%
Price
Shares after
28,248
Date
28 Apr 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
521
Exercise price
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Restricted stock units convert into common stock on a one-for-one basis.

Footnote F2

On April 28, 2022, the reporting person received 8,335 restricted stock units vesting 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.

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