Akari Therapeutics grants director stock and options
The RSU awards were granted in lieu of accrued but unpaid cash retainers, with shareholder approval governing their vesting.
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Rhea-AI Filing Summary
Akari Therapeutics Plc (AKTX) director Raymond Prudo-Chlebosz was granted 9,072 American Depositary Shares (ADSs) representing restricted stock units on August 18, 2026, and 3,240 ADSs on October 5, 2026, in lieu of accrued but unpaid cash retainers payable to non-executive directors. Both RSU awards are subject to forfeiture if shareholder approval of a proposed amendment increasing shares reserved under the equity incentive plan is not obtained, and vest in full on approval. He was also granted options for 30,000 ADSs and 15,000 ADSs on August 18, 2026, each with a $7.899 exercise price; vesting depends on approval and continued service.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | American Depositary Shares representing Ordinary Shares F2, F3 | 3,240 | $7.899 | $26K |
| Grant/Award | Stock Option (Right to Buy) F4 | 30,000 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) F5 | 15,000 | $0.00 | $0.00 |
| Grant/Award | American Depositary Shares representing Ordinary Shares F1, F3 | 9,072 | $7.899 | $72K |
Footnotes (5)
- F1. These American Depositary Shares ("ADSs") represent restricted stock units ("RSUs"), with each such RSU representing the right to receive 80,000 ordinary shares with a par value of $0.000000005 per ordinary share. This RSU grant was approved by the Board of Directors of the Issuer on August 18, 2026, and is subject to forfeiture if shareholder approval of a proposed amendment to the Issuer's equity incentive plan to increase the number of shares reserved for issuance under the plan ("Shareholder Approval") is not obtained. The RSUs will vest in full on the date of Shareholder Approval.
- F2. These ADSs represent RSUs, with each such RSU representing the right to receive 80,000 ordinary shares with a par value of $0.000000005 per ordinary share. This RSU grant was approved by the Board of Directors of the Issuer on October 5, 2026, and is subject to forfeiture if Shareholder Approval is not obtained. The RSUs will vest in full on the date of Shareholder Approval.
- F3. This award of RSUs was granted in lieu of accrued but unpaid cash retainers payable to non-execute directors in accordance with the Issuer's remuneration policy.
- F4. On August 18, 2026, the Reporting Person was granted an option to purchase 30,000 ADSs. This option grant is subject to forfeiture if Shareholder Approval is not obtained. The option will vest with respect to 4.17% for each one-month anniversary of August 18, 2026 that has elapsed before the date of Shareholder Approval. The remainder of the option grant will vest in equal, monthly installments beginning on the 18th day of the month subsequent to the month where Shareholder Approval was obtained until fully vested on the two-year anniversary of August 18, 2026, subject to the Reporting Person's continued service with the Issuer on each such vesting date.
- F5. On August 18, 2026, the Reporting Person was granted an option to purchase 15,000 ADSs. This option grant is subject to forfeiture if Shareholder Approval is not obtained. Beginning on the date of Shareholder Approval, this option will vest with respect to 8.33% of the grant on the date of Shareholder Approval plus 8.33% for each one-month anniversary of August 18, 2026 that has elapsed before the date of Shareholder Approval. The remainder of the option grant will vest in equal, monthly installments beginning on the 18th day of the month subsequent to the month where Shareholder Approval was obtained until fully vested on the one-year anniversary of August 18, 2026, subject to the Reporting Person's continued service with the Issuer on each such vesting date.
Key Figures
Key Terms
restricted stock units financial
equity incentive plan financial
vest in equal, monthly installments financial
FAQ
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What awards did AKTX director Raymond Prudo-Chlebosz receive?
How do AKTX director Raymond Prudo-Chlebosz's options vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.