January 31, 2024 · Form 4 insider transaction
WEI PAO-SHENG bought 1,466 shares of Aldeno Incorporated at $0.94 per share, a transaction worth $1.4K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
Reference is made to the 22,000 RSUs, adjusted to 4,400 shares giving effect to the 1 for 5 reverse share split on December 14, 2023, granted under the 2021 Stock Incentive Plan, as amended by the 2023 Stock Incentive Plan. Each RSU represents a right to receive one (1) share of common stock upon vesting and the expiration of any applicable restricted period or, if approved, the cash value thereof (or any combination thereof). Holders of RSUs have no rights or privileges as a stockholder. Except as otherwise agreed, if the Reporting Person's participation is terminated for any reason prior to the date that all of its RSU have vested, all vesting rights shall cease and all unvested RSU shall be forfeited for no consideration as of the date termination. Vesting dates related to the 4,400 RSUs are as follows: 1,466 shares on 1/31/23, 1/31/24, and 1/31/25, respectively.