Actuate director granted 30,000 stock options
ACTUATE THERAPEUTICS, INC. director Dr. Martin H. Huber Jr. reported an initial holding of non-qualified stock options on Common Stock.
Rhea-AI Filing Summary
ACTUATE THERAPEUTICS, INC. director Dr. Martin H. Huber Jr. reported an initial holding of non-qualified stock options on Common Stock. He was granted 30,000 stock options upon joining the Board of Directors, with an exercise price of $3.00 per share and expiration on May 1, 2036.
The grant vests in three equal installments on the first, second, and third anniversaries of the grant date, contingent on his continued service. Following this grant, he holds derivative rights over 30,000 underlying shares through these options, representing equity-based compensation rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Huber Martin H. Jr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Non-Qualified Stock Options | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Options — 30,000 contracts (Direct)
Footnotes (1)
- F1. 30,000 stock options were granted to Dr. Huber upon his appointment to the Board of Directors of Actuate Therapeutics, Inc., which option shall vest in three equal installments on the first, second, and third anniversary of the grant date, subject to the reporting person's continued service through each such vesting date.
Key Figures
Stock options granted: 30,000 options
Exercise price: $3.00 per share
Underlying shares: 30,000 shares
+2 more
5 metrics
Stock options granted
30,000 options
Non-qualified stock options on Common Stock
Exercise price
$3.00 per share
Exercise price for non-qualified stock options
Underlying shares
30,000 shares
Common Stock underlying the options
Option expiration
May 1, 2036
Expiration date of non-qualified stock options
Vesting schedule
3 equal annual installments
First, second, and third anniversaries of grant date
Key Terms
Non-Qualified Stock Options, exercise price, vesting, Board of Directors
4 terms
Non-Qualified Stock Options financial
"security_title: "Non-Qualified Stock Options""
Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.
exercise price financial
"conversion_or_exercise_price: "3.0000""
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
"option shall vest in three equal installments on the first, second, and third anniversary"
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.
Board of Directors financial
"upon his appointment to the Board of Directors of Actuate Therapeutics, Inc."
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider position is reported for ACTU director Martin H. Huber Jr. on this Form 3?
Dr. Martin H. Huber Jr., a director of ACTUATE THERAPEUTICS, INC. (ACTU), reports holding non-qualified stock options. These options give him rights over 30,000 shares of Common Stock as equity-based compensation tied to his Board service.
How many stock options did ACTU director Huber receive and at what exercise price?
Dr. Huber received 30,000 non-qualified stock options with an exercise price of $3.00 per share. These options relate to ACTUATE THERAPEUTICS, INC. Common Stock and form part of his compensation as a member of the company’s Board of Directors.
What is the vesting schedule for the 30,000 ACTU stock options granted to Huber?
The 30,000 stock options granted to Dr. Huber vest in three equal installments. Vesting occurs on the first, second, and third anniversaries of the grant date, and each installment requires his continued service on the ACTUATE THERAPEUTICS, INC. Board through the applicable vesting date.
When do Dr. Huber’s ACTU stock options expire and what stock do they cover?
Dr. Huber’s non-qualified stock options expire on May 1, 2036, if not exercised earlier. They are exercisable for ACTUATE THERAPEUTICS, INC. Common Stock and currently relate to 30,000 underlying shares as reported in the derivative holdings summary.
Does this ACTU Form 3 show any open-market buying or selling by Dr. Huber?
The Form 3 reflects an initial holding of non-qualified stock options granted as compensation, not an open-market trade. It shows derivative rights over 30,000 shares with a $3.00 exercise price, without any reported open-market purchases or sales of ACTU Common Stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
