Absci Corp grants 650,000 and 383,000 options to CMO
Absci Corp reported that its CMO and Head of R&D, Ransi Mudalinayake, received two grants of employee stock options.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Absci Corp reported that its CMO and Head of R&D, Ransi Mudalinayake, received two grants of employee stock options. One grant covers 383,000 options with a $7.93 exercise price expiring on August 2, 2036, and another covers 650,000 options at $2.57 expiring on March 2, 2036. For each grant, 25% of the shares vest on the first anniversary of the grant date, with the remaining shares vesting in 36 approximately equal monthly installments, subject to continued service.
Insider Trade Summary
Grant/Award: 1,033,000 shares
Grant/Award
2 txns
Insider
Somaratne Ransi Mudalinayake
Role
CMO, Head of R&D
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) F1 | 383,000 | $0.00 | $0.00 |
| Grant/Award | Stock Option (right to buy) F1 | 650,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (right to buy) — 1,033,000 contracts (Direct)
Footnotes (1)
- F1. The shares subject to the option vest over four years, with 25% of the shares vesting on the first anniversary of the date of grant and the remaining shares vesting in 36 approximately equal monthly installments thereafter, subject to the Reporting Person's continuous service to the Issuer through each such vesting date.
Key Figures
Options granted (strike $7.93): 383,000 shares
Options granted (strike $2.57): 650,000 shares
Exercise price (first grant): $7.93 per share
+5 more
8 metrics
Options granted (strike $7.93)
383,000 shares
Stock option grant to CMO and Head of R&D with $7.93 exercise price
Options granted (strike $2.57)
650,000 shares
Stock option grant to CMO and Head of R&D with $2.57 exercise price
Exercise price (first grant)
$7.93 per share
Conversion or exercise price for 383,000-share stock option grant
Exercise price (second grant)
$2.57 per share
Conversion or exercise price for 650,000-share stock option grant
Expiration date (383,000 options)
August 2, 2036
Expiration date for 383,000-share stock option grant
Expiration date (650,000 options)
March 2, 2036
Expiration date for 650,000-share stock option grant
Initial vesting cliff
25% after one year
Portion of each option grant vesting on first anniversary of grant date
Subsequent vesting installments
36 monthly installments
Remaining shares vest in 36 approximately equal monthly installments
Key Terms
Stock Option (right to buy), exercise price, expiration date, vesting
4 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
exercise price financial
"conversion or exercise price of $7.9300 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration date: 2036-08-02"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
vesting financial
"shares subject to the option vest over four years, with 25% of the shares vesting"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Absci Corp (ABSI) disclose for Ransi Mudalinayake?
Absci Corp disclosed that CMO and Head of R&D Ransi Mudalinayake received two grants of employee stock options, covering 383,000 and 650,000 underlying shares, with exercise prices of $7.93 and $2.57, respectively, vesting over four years.
How many stock options were granted on Absci Corp (ABSI) Form 4 at a $7.93 exercise price?
The filing reports a grant of 383,000 stock options with an exercise price of $7.93 per share. These options relate to Absci Corp common stock and are scheduled to expire on August 2, 2036, subject to the stated vesting conditions and continued service.
What are the terms of the 650,000 stock options reported by Absci Corp (ABSI)?
One reported grant consists of 650,000 stock options with an exercise price of $2.57 per share. These options relate to common stock, expire on March 2, 2036, and vest over four years using the same 25%-then-monthly installment schedule described in the footnote.
What vesting schedule applies to the new Absci Corp (ABSI) stock option grants?
Both option grants vest over four years. 25% of the shares vest on the first anniversary of the grant date, and the remaining shares vest in 36 approximately equal monthly installments thereafter, conditioned on the reporting person’s continuous service to Absci Corp.
When do the stock options granted to the Absci Corp (ABSI) CMO expire?
The 383,000-share option grant at $7.93 expires on August 2, 2036, and the 650,000-share grant at $2.57 expires on March 2, 2036. Both are stock options to purchase Absci Corp common stock, subject to vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
