Document
audit fees
| Audit Fees | |||||||
| 2024 | 2025 | ||||||
| Audit Fees (1) | 400120 | 2002881 | |||||
| Audit Related Fees | — | — | |||||
| Tax Fees | — | — | |||||
| All Other Fees | — | — | |||||
| Total | 400120 | 2002881 |
ors and corporate governance
| ORS AND CORPORATE GOVERNANCE | ||||||||||||
| Name | Class | Age | Position | Director Since |
Current Term Expires |
Expiration of Term For Which Nominated |
||||||
| Nominees for Director | ||||||||||||
| Niall Casey | I | 50 | Director, Chief Intellectual Property Officer, & Co-Founder | 2018 | 2026 | 2029 | ||||||
| Philip (Phil) Young (1) | I | 86 | Director | 2020 | 2026 | 2029 | ||||||
| Directors | ||||||||||||
| Robert Mittendorff, M.D., M.B.A. (2)(3) | II | 49 | Director | 2022 | 2027 | |||||||
| Kevin O’Boyle (1)(2) | II | 70 | Director | 2024 | 2027 | |||||||
| Jonathan (Jon) D. Root, M.D., M.B.A. (3) | II | 66 | Director | 2020 | 2027 | |||||||
| Michael (Mike) Cordonnier | III | 50 | Chairman, Chief Executive Officer, President & Co-Founder | 2018 | 2028 | |||||||
| Kevin Sidow (1)(2)(3) | III | 68 | Director | 2020 | 2028 |
director compensation
| Director Compensation | |||||||||||||||||||||
| Name | Fees Earned or Paid in Cash ($)(1) |
Stock Awards ($)(2) |
Option Awards ($)(3) |
All Other Compensation ($) |
Total ($) |
||||||||||||||||
| Robert Mittendorff, M.D. | 28750 | — | — | — | 28750 | ||||||||||||||||
| Kevin O’Boyle | 48750 | 259995 | — | — | 308745 | ||||||||||||||||
| Jonathan (Jon) D. Root, M.D. | 27500 | 259995 | — | — | 287495 | ||||||||||||||||
| Kevin Sidow | 61250 | 259995 | 20454 | — | 341699 | ||||||||||||||||
| Philip (Phil) Young | 27500 | 259995 | — | — | 287495 | ||||||||||||||||
| Niall Casey | 507668 | -4 | — | 625828 | -5 | 14821 | -6 | 1148317 |
in beneficial owners and m
| IN BENEFICIAL OWNERS AND MANAGEMENT | |||||||
| Shares of Common Stock Beneficially Owned | |||||||
| Name of Beneficial Owner | Number | % | |||||
| 5% or Greater Stockholder | |||||||
| Entities affiliated with B Capital Group (1) | 8321763 | 30.6% | |||||
| Entities affiliated with U.S. Venture Partners (2) | 5642073 | 20.7% | |||||
| Named Executive Officers and Directors | |||||||
| Michael Cordonnier (3) | 1506353 | 5.5% | |||||
| Niall Casey (4) | 987464 | 3.6% | |||||
| Scott Durall (5) | 100396 | * | |||||
| Leonard Greenstein (6) | 265063 | 1.0% | |||||
| Robert Mittendorff, M.D. | — | — | |||||
| Kevin O’Boyle (7) | 43209 | * | |||||
| Jonathan D. Root, M.D. (8) | 466666 | 1.7% | |||||
| Kevin Sidow (9) | 119483 | * | |||||
| Philip Young (10) | 88899 | * | |||||
| All executive officers and directors as a group (9 persons) (11) | 3577533 | 12.9% |
summary compensation
| Summary Compensation | ||||||||||||||||||||||||||||
| Name and Principal Position | Year | Salary ($) (1) |
Bonus ($) |
Stock Awards ($)(2) |
Option Awards ($)(3) |
Non-Equity Incentive Plan Compensation ($)(4) |
All Other Compensation ($)(5) |
Total ($) |
||||||||||||||||||||
| Mike Cordonnier | 2025 | 480822 | — | 353218 | 1510370 | 414709 | 30848 | 2789967 | ||||||||||||||||||||
| Chief Executive Officer, President and Co-Founder |
2024 | 362583 | — | — | — | 144770 | 13340 | 520693 | ||||||||||||||||||||
| Leo Greenstein |
2025 | 377863 | — | — | 517423 | 217271 | 6754 | 1119311 | ||||||||||||||||||||
| Chief Financial Officer and Treasurer |
2024 | 345000 | — | — | — | 138000 | 5386 | 488386 | ||||||||||||||||||||
| Scott Durall | 2025 | 411260 | — | — | 802741 | 283770 | 18501 | 1516272 | ||||||||||||||||||||
| Chief Commercial Officer |
2024 | 116311 | — | — | 250218 | 50558 | — | 417087 |
No Title
| Option Awards | Stock Awards | |||||||||||||||||||||||||||||||||||
| Name | Vesting Commencement Date |
Number of Securities Underlying Unexercised Options (#) Exercisable |
Number of Securities Underlying Unexercised Options (#) Unexercisable |
Option Exercise Price ($) |
Option Expiration Date |
Number of Shares or Units of Stock That Have Not Vested |
Market Value of Shares or Units that Have Not Vested ($) |
Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) |
Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($) |
|||||||||||||||||||||||||||
| Mike Cordonnier | 12/15/2020 | -1 | 358422 | — | 0.33 | 1/7/31 | — | — | — | — | ||||||||||||||||||||||||||
| 12/15/24 | -1 | 56239 | 168717 | 4.35 | 2/18/35 | — | — | — | — | |||||||||||||||||||||||||||
| 07/22/25 | -2 | 8928 | 133929 | 15 | 7/21/35 | — | — | — | — | |||||||||||||||||||||||||||
| — | -3 | — | — | — | — | — | — | 112478 | 1389103 | |||||||||||||||||||||||||||
| Leo Greenstein | 8/14/23 | -1 | — | — | 1.17 | 8/21/33 | 59737 | 737752 | — | — | ||||||||||||||||||||||||||
| 8/14/23 | -1 | 48809 | 34864 | 1.17 | 8/21/33 | — | — | — | — | |||||||||||||||||||||||||||
| 7/22/25 | -2 | 4464 | 66965 | 15 | 7/21/35 | — | — | — | — | |||||||||||||||||||||||||||
| Scott Durall | 09/3/24 | -1 | 28001 | 61605 | 2.23 | 11/12/34 | — | — | — | — | ||||||||||||||||||||||||||
| 12/15/24 | -1 | 33743 | 101230 | 4.35 | 2/18/35 | — | — | — | — | |||||||||||||||||||||||||||
| 07/22/25 | -2 | 4464 | 66965 | 15 | 7/21/35 | — | — | — | — |
uance under equity compens
| UANCE UNDER EQUITY COMPENSATION PLANS | ||||||||||||||
| Plan Category | Number of securities to be issued upon exercise of outstanding options, warrants and rights |
Weighted-average exercise price of outstanding options, warrants and rights (2) |
Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) |
|||||||||||
| (a) | (b) | (c) | ||||||||||||
| Equity compensation plans approved by security holders | 1027227 | -1 | 14.77 | 2972287 | -3 | |||||||||
| Equity compensation plans not approved by security holders | 2306370 | -4 | 2.54 | — | ||||||||||
| Total | 3333597 | 17.31 | 2972287 |
nd related person transact
| ND RELATED PERSON TRANSACTIONS | ||||||
| Participants (1) | Shares of Series C Convertible Preferred Stock |
Aggregate Purchase Price |
||||
| Entities affiliated with B Capital Group (2) | 4098390 | 43999998.33 | ||||
| Entities affiliated with U.S. Venture Partners (3) | 1676613 | 17999997.41 |