05/07/2026 | Press release | Distributed by Public on 05/07/2026 15:31
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FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | |||
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1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Stock Option | (1) | 03/02/2033 | Common Stock | 169,267 | $3.38 | D | |
| Stock Option | (2) | 03/26/2035 | Common Stock | 56,521 | $3.73 | D | |
| Stock Option | (3) | 03/26/2035 | Common Stock | 64,062 | $3.73 | D | |
| Stock Option | (4) | 04/24/2035 | Common Stock | 14,204 | $3.73 | D | |
| Stock Option | (5) | 10/16/2035 | Common Stock | 34,037 | $3.94 | D | |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Ellison Douglas T 2802 FLINTROCK TRACE, SUITE 226 AUSTIN, TX 78738 |
Chief Commercial Officer | |||
| /s/ Chase Leavitt, Attorney-in-Fact | 05/07/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | The stock option vested as to 25% of the underlying shares on January 3, 2024, and will vest thereafter in 36 substantially equal monthly installments. |
| (2) | The stock option vested as to 25% of the underlying shares on October 11, 2025, and will vest thereafter in 36 substantially equal monthly installments. |
| (3) | The stock option vested as to 25% of the underlying shares on March 5, 2026, and will vest thereafter in 36 substantially equal monthly installments. |
| (4) | The stock option will vest as to 25% of the underlying shares on January 1, 2027, and will vest thereafter in 36 substantially equal monthly installments. |
| (5) | The stock option vested as to 25% of the underlying shares on March 17, 2026, and will vest thereafter in 36 substantially equal monthly installments. |
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Remarks: Exhibit 24 - Power of Attorney. |
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