XML 14 R3.htm IDEA: XBRL DOCUMENT v3.24.4
Award Timing Disclosure
 12 Months Ended
Sep. 30, 2024
Nov. 09, 2023
USD ($)
$ / shares
Award Timing Disclosures [Line Items]    
Award Timing MNPI Disclosure

Grant of Certain Equity Awards Close in Time to the Release of Material Nonpublic Information

Pursuant to Item 402(x) of Regulation S-K under the Exchange Act, we are providing the following information regarding option awards granted to Mr. Rosa and Mr. McClurg on November 9, 2023, three business days before we filed a Current Report on Form 8-K disclosing Mr. Volker’s appointment as Chief Operating Officer.

Name

  

Grant
Date

  

Number of
Securities
Underlying the
Award

  

Exercise
Price of the
Award
($/Sh)

  

Grant Date
Fair Value
of the
Award(1)

  

Percentage Change in the Closing
Market Price of the Securities
Underlying the Award Between the
Trading Day Ending Immediately
Prior to the Disclosure of MNPI
and the Trading Day Beginning
Immediately Following the Disclosure
of Material Nonpublic Information

David Rosa

  

November 9, 2023

  

526,303

  

1.25

  

562,175

  

13.4

%

Ronald McClurg

  

November 9, 2023

  

89,283

  

1.25

  

95,368

  

13.4

%

____________

(1)      Amounts reported reflect the aggregate grant date fair value of option awards, calculated in accordance with FASB Topic 718, excluding the impact of potential forfeitures. For a discussion of the weighted-average assumptions used in the valuation of option awards under the Black-Scholes option-pricing model, you should refer to the “Stock Options” section in Note 8 to the Company’s financial statements in our Annual Report on Form 10-K for the year ended September 30, 2024.

  
Awards Close in Time to MNPI Disclosures, Table

Name

  

Grant
Date

  

Number of
Securities
Underlying the
Award

  

Exercise
Price of the
Award
($/Sh)

  

Grant Date
Fair Value
of the
Award(1)

  

Percentage Change in the Closing
Market Price of the Securities
Underlying the Award Between the
Trading Day Ending Immediately
Prior to the Disclosure of MNPI
and the Trading Day Beginning
Immediately Following the Disclosure
of Material Nonpublic Information

David Rosa

  

November 9, 2023

  

526,303

  

1.25

  

562,175

  

13.4

%

Ronald McClurg

  

November 9, 2023

  

89,283

  

1.25

  

95,368

  

13.4

%

____________

(1)      Amounts reported reflect the aggregate grant date fair value of option awards, calculated in accordance with FASB Topic 718, excluding the impact of potential forfeitures. For a discussion of the weighted-average assumptions used in the valuation of option awards under the Black-Scholes option-pricing model, you should refer to the “Stock Options” section in Note 8 to the Company’s financial statements in our Annual Report on Form 10-K for the year ended September 30, 2024.

  
David Rosa [Member]    
Awards Close in Time to MNPI Disclosures    
Name   David Rosa
Underlying Securities   526,303
Exercise Price | $ / shares   $ 1.25
Fair Value as of Grant Date | $ [1]   $ 562,175
Underlying Security Market Price Change   13.4
Ronald McClurg [Member]    
Awards Close in Time to MNPI Disclosures    
Name   Ronald McClurg
Underlying Securities   89,283
Exercise Price | $ / shares   $ 1.25
Fair Value as of Grant Date | $ [1]   $ 95,368
Underlying Security Market Price Change   13.4
[1] Amounts reported reflect the aggregate grant date fair value of option awards, calculated in accordance with FASB Topic 718, excluding the impact of potential forfeitures. For a discussion of the weighted-average assumptions used in the valuation of option awards under the Black-Scholes option-pricing model, you should refer to the “Stock Options” section in Note 8 to the Company’s financial statements in our Annual Report on Form 10-K for the year ended September 30, 2024.