[Form 4] Absci Corp Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Absci Corp director Menelas N. Pangalos received new equity awards. He was granted 10,100 Restricted Stock Units, each representing one share of common stock, and stock options for 39,800 shares at an exercise price of $7.34. Both awards vest in full on the earlier of the first anniversary of grant or Absci’s next annual stockholder meeting, subject to his continued service. After the RSU grant, he holds 242,408 common shares directly, plus the newly granted options.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Pangalos Menelas N
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 39,800 | $0.00 | -- |
| Grant/Award | Common Stock | 10,100 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 39,800 shares (Direct, null);
Common Stock — 242,408 shares (Direct, null)
Footnotes (1)
- The shares reported in this transaction represent Restricted Stock Units ("RSUs") issued under the Absci Corporation 2021 Stock Option and Incentive Plan. Each RSU represents the contingent right to receive one share of the Issuer's Common Stock. The RSUs shall vest and be settled in full on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the Issuer's next annual meeting of stockholders, subject to the Reporting Person's continuous service to the Issuer through such date. The shares subject to this option vest and become exercisable in full on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the Issuer's next annual meeting of stockholders, subject to the Reporting Person's continuous service to the Issuer through such date.
Key Figures
RSU grant: 10,100 RSUs
Stock options granted: 39,800 options
Option exercise price: $7.34 per share
+2 more
5 metrics
RSU grant
10,100 RSUs
Each RSU equals one share of common stock
Stock options granted
39,800 options
Rights to buy Absci common stock
Option exercise price
$7.34 per share
Conversion or exercise price for new options
Option expiration
June 3, 2036
Expiration date of newly granted options
Shares owned after grant
242,408 shares
Common stock directly held after RSU award
Key Terms
Restricted Stock Units, RSUs, 2021 Stock Option and Incentive Plan, Stock Option (right to buy), +1 more
5 terms
Restricted Stock Units financial
"The shares reported in this transaction represent Restricted Stock Units ("RSUs") issued under the Absci Corporation 2021 Stock Option and Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Each RSU represents the contingent right to receive one share of the Issuer's Common Stock."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
2021 Stock Option and Incentive Plan financial
"RSUs issued under the Absci Corporation 2021 Stock Option and Incentive Plan."
Stock Option (right to buy) financial
"The shares subject to this option vest and become exercisable in full on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the Issuer's next annual meeting of stockholders."
continuous service financial
"subject to the Reporting Person's continuous service to the Issuer through such date."
