Alto Neuroscience (ANRO) director receives 10,958-share stock option grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Alto Neuroscience director Manji Husseini received a stock option grant for 10,958 shares of common stock. The option has an exercise price of $24.63 per share and expires on May 11, 2036. The shares underlying the option vest on the earlier of the one-year anniversary of the grant date and the company’s next annual meeting, as long as he remains in continuous service. According to the disclosure, the option was issued under the non-employee director compensation policy and no cash consideration was paid for the grant. Following this award, Husseini holds options covering 10,958 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Manji Husseini
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
Option grant size: 10,958 shares
Exercise price: $24.63 per share
Expiration date: May 11, 2036
+3 more
6 metrics
Option grant size
10,958 shares
Stock Option (right to buy) granted to director
Exercise price
$24.63 per share
Conversion or exercise price of the stock option
Expiration date
May 11, 2036
Option expiration for director stock option grant
Shares underlying option
10,958 shares
Underlying common stock tied to the derivative security
Total options held after grant
10,958 shares
Total shares subject to options following this transaction
Vesting condition
Earlier of 1-year anniversary or next annual meeting
Subject to continuous service through vesting date
Key Terms
Stock Option (right to buy), Non-Employee Director Compensation Policy, derivative securities, continuous service, +1 more
5 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"
derivative securities financial
"did not pay any consideration for the derivative securities"
Financial contracts whose value is tied to the price or performance of another asset, such as a stock, bond, commodity, index, or currency; examples include options, futures and swaps. They matter to investors because they let you protect against price swings, bet on future moves or gain larger exposure with less upfront cash—like using a lever or insurance policy on an investment—so they can amplify gains and losses and help manage portfolio risk.
continuous service financial
"subject to the Reporting Person's continuous service through such vesting date"
underlying security financial
"underlying security shares: 10958.0000"
FAQ
What did Alto Neuroscience (ANRO) director Manji Husseini report in this Form 4?
Director Manji Husseini reported receiving a stock option grant for 10,958 shares of Alto Neuroscience common stock. The award is a compensation-related grant, not an open-market purchase or sale of shares.
What is the exercise price and expiration of Manji Husseini’s Alto Neuroscience option?
The stock option has an exercise price of $24.63 per share and an expiration date of May 11, 2036. Husseini can only benefit from exercising if the market price exceeds this exercise price before expiration.
When do the Alto Neuroscience (ANRO) director stock options vest?
The shares underlying the option vest on the earlier of the one-year anniversary of the grant date and Alto Neuroscience’s next annual meeting. Vesting is conditioned on Husseini’s continuous service with the company through that date.
Did Manji Husseini pay cash for the Alto Neuroscience stock option grant?
No, the filing states the option was issued under Alto Neuroscience’s Non-Employee Director Compensation Policy and was not sold to Husseini. He therefore did not pay any cash consideration for these derivative securities.
Is this Alto Neuroscience (ANRO) Form 4 a buy or sell signal?
The Form 4 reports an acquisition of a stock option grant as director compensation, coded as a grant or award. It is not an open-market buy or sell and is generally considered a routine equity compensation event.