Amylyx (NASDAQ: AMLX) Co-CEO receives new RSU and stock option grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cohen Joshua B reported acquisition or exercise transactions in this Form 4 filing.
Amylyx Pharmaceuticals Co-Chief Executive Officer Joshua B. Cohen reported equity awards consisting of 248,865 shares of common stock from a restricted stock unit grant and a stock option covering 373,295 shares. The RSUs vest in four equal annual installments starting on March 1, 2027, while 25% of the option vests on that date and the remainder vests monthly over the following 36 months, all subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cohen Joshua B
Role
Co-Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 373,295 | $0.00 | -- |
| Grant/Award | Common Stock | 248,865 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 373,295 shares (Direct);
Common Stock — 3,583,548 shares (Direct)
Footnotes (1)
- The reported transaction involves the Reporting Person's receipt of a restricted stock unit ("RSU") award. The RSUs shall vest in 4 equal annual installments, with the first installment vesting on March 1, 2027, subject to the Reporting Person's continued service to the Issuer through each such vesting date. 25% of the shares subject to the option shall vest and become exercisable on March 1, 2027, and the remaining shares shall vest monthly over the remaining 36 months, subject to the Reporting Person's continuous service to the Issuer through each such vesting date.
FAQ
What insider transaction did AMLX Co-CEO Joshua B. Cohen report on this Form 4?
Joshua B. Cohen reported equity award acquisitions, not open-market trades. He received 248,865 shares of Amylyx common stock through a restricted stock unit grant and a stock option covering 373,295 shares, both subject to multi-year vesting tied to his continued service.
How many restricted stock units did Joshua B. Cohen receive from Amylyx (AMLX)?
He received a restricted stock unit award for 248,865 shares of Amylyx common stock. These RSUs will vest in four equal annual installments, beginning on March 1, 2027, provided he continues to serve the company through each scheduled vesting date.
What stock option grant did Amylyx (AMLX) report for Co-CEO Joshua B. Cohen?
Amylyx reported granting Joshua B. Cohen a stock option for 373,295 shares. Twenty-five percent of the option vests on March 1, 2027, with the remaining shares vesting monthly over the next 36 months, conditioned on his continuous service with the company.
When do Joshua B. Cohen’s Amylyx (AMLX) restricted stock units vest?
The restricted stock units begin vesting on March 1, 2027. They vest in four equal annual installments on that date and on each of the next three anniversaries, assuming Joshua B. Cohen remains in service with Amylyx through each vesting date.
What is the vesting schedule for Joshua B. Cohen’s new Amylyx stock options?
For the 373,295-share option grant, 25% vests on March 1, 2027. The remaining 75% then vests in equal monthly installments over the following 36 months, contingent on Joshua B. Cohen’s continuous service to Amylyx Pharmaceuticals throughout the vesting period.