Adicet Bio (ACET) grants CSO Blake Aftab 55,000 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Adicet Bio, Inc. reported that Chief Scientific Officer Blake Aftab received a grant of stock options covering 55,000 shares of common stock. The options have an exercise price of $8.10 per share and expire on June 18, 2036.
These options were granted as compensation and are structured to vest over time. One forty-eighth of the options vests on each of the 48 monthly anniversaries of the grant date, with partial acceleration tied to certain performance milestones, as long as Aftab continues his service relationship with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Aftab Blake
Role
Chief Scientific Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 55,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 55,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 55,000 options
Exercise price: $8.10 per share
Expiration date: June 18, 2036
+1 more
4 metrics
Options granted
55,000 options
Stock Option (Right to Buy) granted to CSO
Exercise price
$8.10 per share
Conversion or exercise price of options
Expiration date
June 18, 2036
Option expiration
Post-grant option holdings
55,000 options
Total derivative securities following transaction
Key Terms
Stock Option (Right to Buy), exercise price, vesting, performance milestones
4 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
exercise price financial
"conversion_or_exercise_price: 8.1000"
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.
vesting financial
"1/48th of the shares shall vest on each of the next forty-eight (48) monthly anniversaries"
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.
performance milestones financial
"with partial acceleration tied to certain performance milestones"
FAQ
What insider transaction did Adicet Bio (ACET) report for Blake Aftab?
Adicet Bio reported a grant of stock options to Chief Scientific Officer Blake Aftab for 55,000 shares of common stock. This is a compensation award, not an open-market purchase or sale, and gives him the right to buy shares at a fixed price.
What is the exercise price of Blake Aftab’s new Adicet Bio stock options?
The granted stock options have an exercise price of $8.10 per share. This means Aftab can purchase Adicet Bio common stock at $8.10 if the options vest and are exercised before expiration, regardless of the market price at that time.
How do Blake Aftab’s Adicet Bio stock options vest over time?
One forty-eighth of the 55,000 stock options vests on each of the next 48 monthly anniversaries of the grant date. Vesting also includes partial acceleration tied to certain performance milestones, contingent on Aftab maintaining a service relationship with Adicet Bio.
When do Blake Aftab’s Adicet Bio stock options expire?
The stock options granted to Blake Aftab expire on June 18, 2036. If they are not exercised by that date, the right to purchase Adicet Bio common stock at the $8.10 exercise price will lapse and the options will become worthless.