Altimmune (ALT) awards 48,800 stock options to director Catherine Sohn
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Altimmune, Inc. director Catherine A. Sohn received a grant of stock options as part of her non-employee director compensation. She was awarded 48,800 stock options to buy common stock at an exercise price of $2.82 per share, with no cash paid at grant.
The options become vested and exercisable in substantially equal monthly installments over the 12 months following May 1, 2026, subject to her continued service. Any unexercised options expire on May 1, 2036, and her reported post-transaction holdings in this option grant are 48,800 options.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sohn Catherine A.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (option to buy) | 48,800 | $0.00 | -- |
Holdings After Transaction:
Stock Options (option to buy) — 48,800 shares (Direct, null)
Footnotes (1)
- The options were granted pursuant to the Company's non-employee director compensation policy. The shares underlying the option become vested and exercisable in substantially equal monthly installments over the 12 months following May 1, 2026, subject to the reporting person's continued service through the applicable vesting date.
Key Figures
Options granted: 48,800 options
Exercise price: $2.82 per share
Underlying shares: 48,800 shares
+3 more
6 metrics
Options granted
48,800 options
Grant to director Catherine A. Sohn
Exercise price
$2.82 per share
Stock options grant
Underlying shares
48,800 shares
Common stock underlying options
Expiration date
May 1, 2036
Option term endpoint
Vesting period
12 months
Monthly vesting after May 1, 2026
Post-grant option holdings
48,800 options
Total options following transaction
Key Terms
non-employee director compensation policy, stock options, vested and exercisable, exercise price
4 terms
non-employee director compensation policy financial
"The options were granted pursuant to the Company's non-employee director compensation policy."
stock options financial
"The options were granted pursuant to the Company's non-employee director compensation policy."
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
vested and exercisable financial
"The shares underlying the option become vested and exercisable in substantially equal monthly installments"
exercise price financial
"conversion_or_exercise_price": "2.8200""
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.
FAQ
What did Altimmune (ALT) director Catherine A. Sohn receive in this Form 4 filing?
Catherine A. Sohn received a grant of 48,800 stock options to buy Altimmune common stock. The grant is compensation under the non-employee director policy, not an open-market purchase, and gives her the right to buy shares at a fixed exercise price.
What is the exercise price of the stock options granted to the Altimmune (ALT) director?
The stock options granted to Catherine A. Sohn have an exercise price of $2.82 per share. This means she can choose to buy Altimmune common stock at $2.82, regardless of the market price at the time she exercises, once the options vest.
How and when do Catherine A. Sohn’s Altimmune (ALT) stock options vest?
The 48,800 stock options vest in substantially equal monthly installments over the 12 months following May 1, 2026. Vesting is conditioned on her continued service as a director through each applicable vesting date before the options become exercisable.
When do the Altimmune (ALT) stock options granted to the director expire?
The stock options granted to Catherine A. Sohn expire on May 1, 2036. After that expiration date, any unexercised options will lapse and no longer allow her to purchase Altimmune common stock at the $2.82 exercise price.
How many Altimmune (ALT) stock options does the director hold after this grant?
Following this grant, Catherine A. Sohn holds 48,800 stock options from this award, as reported in the filing. These options relate to the same number of underlying shares of common stock and are subject to the stated vesting and expiration terms.