Sorrento Therapeutics Inc (SRNE): She repriced her vested options from Bey...

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FitzyP33

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Sunday, 05/01/2022 1:56:03 PM

Sunday, May 01, 2022 1:56:03 PM

She repriced her vested options from Beyond Spring to SRNE at about $1.50 - not final price until she joins in May. From SEC filing below the 80k are what's vested and $15.23 is the strike price. Since BYSI is at $1.50 like Sorrento I guess she assumes BYSI will never get above $15.23. So she basically swapped companies for current strike price of options. Smart.

Elizabeth Czerepak

80,156 144,844 — $ 15.23

She also walked away from $1.2 million in long term incentives....
Ms. Czerepak: a maximum of $1,200,000

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