Adicet Bio (ACET) CEO Chen Schor receives 55,000 stock options at $8.10
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Adicet Bio President & CEO Chen Schor received a new stock option award covering 55,000 shares of Common Stock. The options have an exercise price of $8.10 per share and expire on June 18, 2036.
The grant vests over four years, with 1/48th of the options vesting on each of the next 48 monthly anniversaries of the grant date. A portion of the vesting can accelerate if specific performance milestones are met, as long as Schor maintains a service relationship with Adicet Bio on each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schor Chen
Role
President & CEO
| 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
Option grant size: 55,000 shares
Exercise price: $8.10 per share
Expiration date: June 18, 2036
+2 more
5 metrics
Option grant size
55,000 shares
Stock Option (Right to Buy) granted to President & CEO
Exercise price
$8.10 per share
Conversion or exercise price for granted stock options
Expiration date
June 18, 2036
Option expiration for CEO stock option grant
Underlying shares
55,000 shares
Underlying common stock for the granted options
Vesting schedule
1/48th monthly over 48 months
Time-based vesting with partial performance milestone acceleration
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 set at 8.1000 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.
vesting financial
"1/48th of the shares shall vest on each of the next forty-eight 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
"partial acceleration tied to certain performance milestones"
FAQ
What did Adicet Bio (ACET) CEO Chen Schor report in this Form 4?
Chen Schor reported receiving a grant of stock options for 55,000 shares of Adicet Bio common stock. The options are a compensation award, not an open-market purchase or sale, and give the right to buy shares at a fixed exercise price in the future.
What is the exercise price of Chen Schor’s new Adicet Bio (ACET) stock options?
The granted stock options have an exercise price of $8.10 per share. This means Schor can choose to buy Adicet Bio common shares at $8.10 in the future, regardless of the market price, once the options have vested and before they expire.
When do Chen Schor’s Adicet Bio (ACET) stock options vest?
The options vest in 48 equal monthly installments, with 1/48th of the grant vesting on each monthly anniversary of the grant date. Vesting is conditioned on Schor maintaining a service relationship with Adicet Bio on each vesting date, as described in the footnote.
Is there performance-based acceleration in Chen Schor’s Adicet Bio (ACET) option grant?
Yes. The footnote states there is partial acceleration tied to certain performance milestones. If those milestones are achieved and Schor continues his service relationship, some portion of the remaining unvested options may vest earlier than the regular monthly schedule.
When do Chen Schor’s new Adicet Bio (ACET) stock options expire?
The options expire on June 18, 2036, if not exercised earlier. After this expiration date, any unexercised options become worthless, so Schor must exercise vested options before that date to acquire the underlying common shares.