Acurx Pharmaceuticals (ACXP) director awarded 2,150 stock options at $2.36 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Acurx Pharmaceuticals, Inc. director Thomas L. Harrison received a stock option award as compensation for service on the company’s board of directors. The grant covers 2,150 stock options for common stock at an exercise price of $2.36 per share.
The options were awarded at no upfront cost and will vest on April 20, 2027, meaning they become exercisable on that date. The options are scheduled to expire on April 20, 2036 if not exercised. Following this grant, Harrison holds stock options covering 2,150 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HARRISON THOMAS L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 2,150 | $0.00 | -- |
Holdings After Transaction:
Stock Option — 2,150 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock options granted: 2,150 options
Exercise price: $2.36 per share
Total options after grant: 2,150 options
+3 more
6 metrics
Stock options granted
2,150 options
Grant to director Thomas L. Harrison
Exercise price
$2.36 per share
Strike price for granted options
Total options after grant
2,150 options
Holdings following transaction
Vesting date
April 20, 2027
Date options become exercisable
Expiration date
April 20, 2036
Options expire if unexercised
Underlying shares
2,150 shares
Common stock underlying the options
Key Terms
Stock Option, Director Compensation Policy, exercise price, vest, +1 more
5 terms
Stock Option financial
"security_title: "Stock Option""
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
Director Compensation Policy financial
"granted pursuant to the Issuer's Director Compensation Policy"
exercise price financial
"conversion_or_exercise_price: "2.3600""
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.
vest financial
"The shares subject to the options shall vest on April 20, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
expiration date financial
"expiration_date: "2036-04-20T00:00:00.000Z""
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.
FAQ
What did Acurx Pharmaceuticals (ACXP) report in this Form 4 filing?
Acurx Pharmaceuticals reported that director Thomas L. Harrison received a grant of 2,150 stock options as board compensation. These options relate to common stock and were granted at an exercise price of $2.36 per share, with no cash paid at grant.
How many Acurx Pharmaceuticals (ACXP) options were granted to Thomas L. Harrison?
Thomas L. Harrison was granted 2,150 stock options in this filing. Each option is tied to one share of Acurx Pharmaceuticals common stock, providing potential future equity exposure if exercised once the options vest and before they expire.
What is the exercise price of the new ACXP stock options?
The exercise price of the new Acurx Pharmaceuticals stock options is $2.36 per share. This is the price Harrison must pay per share to convert the options into common stock once they vest, assuming he chooses to exercise them before expiration.
When do Thomas L. Harrison’s ACXP stock options vest and expire?
The stock options granted to Thomas L. Harrison vest on April 20, 2027. After vesting, they remain exercisable until their expiration on April 20, 2036, giving a long window to decide whether and when to exercise the options.
Why did Acurx Pharmaceuticals (ACXP) grant these stock options?
The options were granted as compensation for Harrison’s service on Acurx Pharmaceuticals’ board of directors under the company’s Director Compensation Policy. This aligns director incentives with shareholder interests by tying part of his compensation to the company’s stock performance.
How many ACXP options does Thomas L. Harrison hold after this grant?
Following this grant, Thomas L. Harrison holds stock options covering 2,150 shares of Acurx Pharmaceuticals common stock. This figure reflects his direct derivative holdings reported in the filing after the award was made on April 20, 2026.