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Award Timing Disclosure
12 Months Ended
Dec. 31, 2024
Mar. 07, 2024
USD ($)
shares
$ / shares
Rate
Award Timing Disclosures [Line Items]    
Award Timing MNPI Disclosure

As required by Item 402(x) of Regulation S-K, the following table presents information regarding stock options granted to our NEOs in 2024 during any period beginning four business days before the filing of Form 10-K or Form 10-Q, or the filing or furnishing of a Form 8-K that discloses material nonpublic information (other than a Form 8-K disclosing a material new option grant under Item 5.02(e)), and ending one business day after the filing or furnishing of such report with the SEC.

 

 

 

Grant date(1)

 

Number of securities underlying the award

 

 

Exercise price per share

 

 

Grant Date fair value of the award

 

 

Percentage change in the closing market price of the securities underlying the award between the trading day ending immediately prior to the disclosure of material nonpublic information and the trading day beginning immediately following the disclosure of material nonpublic information

Brian M. Culley

 

3/7/2024

 

 

1,900,000

 

 

$

1.13

 

 

$

1,502,900

 

 

15.0%

Jill A. Howe

 

3/7/2024

 

 

650,000

 

 

$

1.13

 

 

$

514,150

 

 

15.0%

George A. Samuel III

 

3/7/2024

 

 

650,000

 

 

$

1.13

 

 

$

514,150

 

 

15.0%

 

(1)
Each stock option vests with respect to 25% of the number of shares subject to such stock option one year following the grant date and the balance vests in 36 monthly installments thereafter, in each case, subject to the recipient’s continuous service.
 
Award Timing Method Historically, annual equity grants to our employees, including our executive officers, typically are reviewed and approved on or around the time of our Board’s first regularly scheduled meeting each year as part of our annual compensation review cycle, which usually occurs in late February or early March of each year.  
Award Timing Predetermined true  
Award Timing MNPI Considered false  
MNPI Disclosure Timed for Compensation Value false  
Brian M Culley [Member]    
Awards Close in Time to MNPI Disclosures    
Name   Brian M. Culley
Underlying Securities | shares   1,900,000
Exercise Price | $ / shares   $ 1.13
Fair Value as of Grant Date | $   $ 1,502,900
Underlying Security Market Price Change | Rate   15.00%
Jill A Howe [Member]    
Awards Close in Time to MNPI Disclosures    
Name   Jill A. Howe
Underlying Securities | shares   650,000
Exercise Price | $ / shares   $ 1.13
Fair Value as of Grant Date | $   $ 514,150
Underlying Security Market Price Change | Rate   15.00%
George A Samuel III [Member]    
Awards Close in Time to MNPI Disclosures    
Name   George A. Samuel III
Underlying Securities | shares   650,000
Exercise Price | $ / shares   $ 1.13
Fair Value as of Grant Date | $   $ 514,150
Underlying Security Market Price Change | Rate   15.00%