Ryan Thinh Phan, Vermillion's CSO & COO, just received 200,000 options from the company. The strike price of the options received was $0.77, and these expire on July 05, 2032. Phan now owns at least 200,000 options on the company.
Some additional info was provided as follows:
The employee stock option will vest quarterly over two years in eight equal installments starting on October 1, 2022 and ending on 7/1/2024.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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