AN2 Therapeutics (ANTX) CFO swaps higher-priced options for $3.91 grants
Rhea-AI Filing Summary
AN2 Therapeutics, Inc. Chief Financial Officer Lucy Day reported a repricing and replacement of stock options on March 19, 2026. She received new stock option grants covering 73,665, 66,000 and 82,300 shares of common stock, each with a $3.91 per-share exercise price, matching the issuer’s closing price that day.
On the same date, options over identical share amounts with higher exercise prices of $6.596, $17.28 and $14.29 were disposed of back to the company. One grant is fully vested, while two grants vest monthly in forty‑eight equal installments starting from March 25, 2022 and January 1, 2023, contingent on continued service. The $3.91 exercise price may revert to the original higher price if the options are exercised or service ends before a defined "Premium End Date."
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 73,665 | $0.00 | -- |
| Disposition | Stock Option (right to buy) | 73,665 | $0.00 | -- |
| Grant/Award | Stock Option (right to buy) | 66,000 | $0.00 | -- |
| Disposition | Stock Option (right to buy) | 66,000 | $0.00 | -- |
| Grant/Award | Stock Option (right to buy) | 82,300 | $0.00 | -- |
| Disposition | Stock Option (right to buy) | 82,300 | $0.00 | -- |
Footnotes (1)
- The exercise price of the option is $3.91 per share, representing the closing price of the Issuer's common stock on the date of the repricing; provided that the exercise price will be increased to the original exercise price before repricing if, prior to the "Premium End Date" (as defined below), the repriced option is exercised or the Reporting Person's services with the Company is terminated. The "Premium End Date" means the earliest of: (i) September 19, 2027, (ii) the date of a change in control or (iii) the Reporting Person's death or disability. The option is fully vested. On March 19, 2026, the board of directors of the Issuer approved the repricing of the option. Except as further described in footnote 1, all other terms of the option remain unchanged. The shares subject to the option vest as follows: 1/48 of the shares shall vest on each monthly anniversary measured from March 25, 2022, subject to the Reporting Person's continuous service through each applicable vesting date. The shares subject to the option vest as follows: 1/48 of the shares shall vest on each monthly anniversary measured from January 1, 2023, subject to the Reporting Person's continuous service through each applicable vesting date.
