Absci (ABSI) director Menelas Pangalos awarded RSUs and stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pangalos Menelas N reported acquisition or exercise transactions in this Form 4 filing.
Absci Corp director Menelas N. Pangalos reported equity awards tied to his role on the company’s scientific advisory board. He received stock options for 22,800 shares and a grant of 5,800 Restricted Stock Units (RSUs), both at no cash cost per share.
The RSUs are scheduled to vest and settle over one year beginning on January 1, 2026, in substantially equal monthly installments, conditioned on his continuous service. The stock options follow the same one-year, monthly vesting schedule starting on that date. Following the RSU grant, his directly held common stock position is 194,855 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Pangalos Menelas N
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 22,800 | $0.00 | -- |
| Grant/Award | Common Stock | 5,800 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 22,800 shares (Direct);
Common Stock — 194,855 shares (Direct)
Footnotes (1)
- The shares reported in this transaction represent Restricted Stock Units ("RSUs") issued under the Absci Corporation 2021 Stock Option and Incentive Plan in connection with service as a member of the scientific advisory board. The RSUs shall vest and be settled in full over a one year period beginning January 1, 2026, in substantially equal monthly installments, subject to the Reporting Person's continuous service through each vesting date. The shares subject to this option issued in connection with service as a member of the scientific advisory board shall vest and become exercisable over a one year period beginning January 1, 2026, in substantially equal monthly installments, subject to the Reporting Person's continuous service through each vesting date.
FAQ
What insider transactions did Absci (ABSI) director Menelas N. Pangalos report?
He reported equity awards consisting of 22,800 stock options and 5,800 shares of common stock granted as Restricted Stock Units. Both awards relate to his service on Absci’s scientific advisory board and were recorded at a transaction price of $0.0000 per share.
How do the Absci (ABSI) RSU awards to Menelas N. Pangalos vest?
The 5,800 Restricted Stock Units vest and settle over one year starting January 1, 2026, in substantially equal monthly installments. Each monthly tranche requires Menelas N. Pangalos to remain in continuous service through the corresponding vesting date on Absci’s scientific advisory board.
What are the terms of the Absci (ABSI) stock options granted to Menelas N. Pangalos?
The option covers 22,800 shares of Absci common stock issued for scientific advisory board service. These options vest and become exercisable over one year beginning January 1, 2026, in substantially equal monthly installments, subject to his continuous service through each monthly vesting date.
What is Menelas N. Pangalos’s Absci (ABSI) common stock holding after these transactions?
After the March 2, 2026 grant of 5,800 RSU-based common shares, Menelas N. Pangalos directly holds 194,855 shares of Absci common stock. This figure reflects his ownership position following the reported equity award transaction as disclosed in the Form 4 filing.
Are the Absci (ABSI) equity awards to Menelas N. Pangalos tied to his ongoing service?
Yes. Both the 5,800 RSUs and the 22,800-share option vest over a one-year period starting January 1, 2026, in equal monthly installments. Each installment requires his continuous service on Absci’s scientific advisory board through the applicable vesting date.