York Gwill receives 10,958 Alto Neuroscience (ANRO) stock options grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Alto Neuroscience, Inc. director York Gwill received a grant of stock options covering 10,958 shares of common stock at an exercise price of $24.63 per share. The options were issued under the company’s Non-Employee Director Compensation Policy and required no cash payment by Gwill.
The options will vest on the earlier of the one-year anniversary of the grant date and the company’s next annual meeting, as long as Gwill continues to serve through that vesting date. After this grant, he holds options for 10,958 underlying shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
York Gwill
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 10,958 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 10,958 shares (Direct, null)
Footnotes (1)
- The shares underlying the option shall vest on the earlier of the one-year anniversary of the date of grant and the date of Issuer's next Annual Meeting following the date of grant, subject to the Reporting Person's continuous service through such vesting date. This option was issued to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Policy, and was not sold to the Reporting Person. As such, the Reporting person did not pay any consideration for the derivative securities.
Key Figures
Options granted: 10,958 shares
Exercise price: $24.63 per share
Options after transaction: 10,958 shares
+2 more
5 metrics
Options granted
10,958 shares
Stock option grant to director York Gwill
Exercise price
$24.63 per share
Strike price of granted stock options
Options after transaction
10,958 shares
Total option holdings reported following grant
Expiration date
May 11, 2036
Option expiration for York Gwill’s grant
Grant consideration
$0.00 per option
No cash paid for derivative securities at grant
Key Terms
Stock Option (right to buy), Non-Employee Director Compensation Policy, continuous service, exercise price
4 terms
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)""
Non-Employee Director Compensation Policy financial
"issued to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Policy"
continuous service financial
"subject to the Reporting Person's continuous service through such vesting date"
exercise price financial
"conversion_or_exercise_price: "24.6300""
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 Alto Neuroscience (ANRO) disclose about York Gwill in this Form 4?
Alto Neuroscience reported that director York Gwill received a grant of stock options for 10,958 shares of common stock as part of director compensation, giving him the right to buy shares at a fixed exercise price if the options vest.
How many Alto Neuroscience (ANRO) options did York Gwill receive?
York Gwill received stock options covering 10,958 shares of Alto Neuroscience common stock. These options give him the right to purchase that number of shares at a preset exercise price if vesting conditions based on his continued board service are satisfied.
What is the exercise price of York Gwill’s Alto Neuroscience (ANRO) stock options?
The stock options granted to York Gwill carry an exercise price of $24.63 per share. This means he can purchase Alto Neuroscience common shares at $24.63 if the options vest and he later chooses to exercise them during the option term.
When do York Gwill’s Alto Neuroscience (ANRO) options vest?
The options will vest on the earlier of the one-year anniversary of the grant date and Alto Neuroscience’s next annual meeting. Vesting is conditioned on York Gwill’s continuous service as a director through that vesting date, aligning compensation with ongoing board involvement.
Did York Gwill pay cash for the Alto Neuroscience (ANRO) options?
York Gwill did not pay any cash consideration for the stock options. The options were issued to him under Alto Neuroscience’s Non-Employee Director Compensation Policy, reflecting equity-based compensation rather than a market purchase of derivative securities.