R. Murdock - Feb 21, 2025 Form 4 Insider Report for Axsome Therapeutics, Inc. (AXSM)

Role
General Counsel
Signature
/s/ Hunter Murdock
Stock symbol
AXSM
Transactions as of
Feb 21, 2025
Transactions value $
$0
Form type
4
Date filed
2/25/2025, 07:56 PM
Previous filing
Feb 29, 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AXSM Employee Stock Option (Right to Buy) Award $0 +7.82K $0.00 7.82K Feb 21, 2025 Common Stock 7.82K $137.75 Direct F1
transaction AXSM Restricted Stock Units Award $0 +7.74K $0.00 7.74K Feb 21, 2025 Common Stock 7.74K Direct F2, F3
transaction AXSM Performance Stock Units Award $0 +7.74K $0.00 7.74K Feb 24, 2025 Common Stock 7.74K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option will vest in substantially equal quarterly installments over four years such that the option will be fully vested on February 21, 2029.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F3 25% of the RSUs will vest on the one (1) year anniversary of the date of grant. The remaining RSUs will vest in three substantially equal annual installments, such that the RSUs will be fully vested on February 21, 2029. Vested shares will be delivered to the reporting person upon the earlier of (i) the closing of a Change in Control (as defined in the Issuer's Amended and Restated 2015 Omnibus Incentive Compensation Plan (the "Plan"), (ii) the reporting person's separation of service from the Issuer (including termination with or without Cause (as defined in the Plan), or termination due to death or disability), or (iii) seven (7) years from the date of grant.
F4 Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
F5 Each PSU will vest upon achievement of certain financial, regulatory and developmental performance milestones, subject to the reporting person's continued service as of each vesting date.