Apogee Therapeutics (APGE) links 7,657-share option grant to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Apogee Therapeutics, Inc. reported a routine equity compensation grant linked to director Tomas Kiselak and Fairmount Funds Management LLC. A stock option was awarded representing the right to buy 7,657 shares of common stock at an exercise price of $85.00 per share.
The option vests on the one-year anniversary of the grant date, conditioned on Mr. Kiselak’s continued service. According to the footnotes, he holds the option for one or more investment vehicles managed by Fairmount, must deliver any net cash or stock to Fairmount, and therefore disclaims beneficial ownership, while Fairmount also disclaims beneficial ownership except to the extent of its pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fairmount Funds Management LLC, Kiselak Tomas
Role
null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 7,657 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 7,657 shares (Indirect, By: Tomas Kiselak)
Footnotes (1)
- This option represents the right to purchase 7,657 shares of the Issuer's common stock and will vest on the one-year anniversary of the grant date, subject to the Reporting Person's continued service to the Issuer on such vesting date. Under Mr. Kiselak's arrangement with Fairmount Funds Management LLC ('Fairmount'), Mr. Kiselak holds the option for one or more investment vehicles managed by Fairmount (each, a "Fairmount Fund"). Mr. Kiselak is obligated to turn over to Fairmount any net cash or stock received from the option for the benefit of such Fairmount Fund. Mr. Kiselak therefore disclaims beneficial ownership of the option and underlying common stock. Fairmount disclaims beneficial ownership of any of the reported securities, except to the extent of its pecuniary interest therein.
Key Figures
Option size: 7,657 shares
Exercise price: $85.00 per share
Expiration date: June 9, 2036
+2 more
5 metrics
Option size
7,657 shares
Stock option covering common stock
Exercise price
$85.00 per share
Conversion or exercise price of option
Expiration date
June 9, 2036
Option expiration
Shares underlying option
7,657 shares
Underlying common stock
Shares after transaction
7,657 derivative units
Total options held following grant
Key Terms
Stock Option (Right to Buy), grant/award acquisition, beneficial ownership, pecuniary interest, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
grant/award acquisition financial
"transaction_action: grant/award acquisition"
beneficial ownership financial
"Mr. Kiselak therefore disclaims beneficial ownership of the option"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"Fairmount disclaims beneficial ownership ... except to the extent of its pecuniary interest"
continued service financial
"will vest on the one-year anniversary ... subject to the Reporting Person's continued service"
FAQ
What insider transaction did Apogee Therapeutics (APGE) report in this Form 4?
Apogee Therapeutics reported a grant of a stock option covering 7,657 shares of common stock at an $85.00 exercise price. The option was awarded as compensation and not as an open-market purchase or sale of existing shares.
Who is associated with the new stock option grant at Apogee Therapeutics (APGE)?
The option is linked to director Tomas Kiselak, who holds it for one or more investment vehicles managed by Fairmount Funds Management LLC. Both Kiselak and Fairmount include footnote language limiting their beneficial ownership of the underlying common stock.
What are the key terms of the Apogee Therapeutics (APGE) stock option grant?
The stock option covers 7,657 shares of Apogee common stock with an $85.00 per share exercise price and expires on June 9, 2036. It vests on the one-year anniversary of the grant date, subject to continued service by the reporting person.
When does the new Apogee Therapeutics (APGE) stock option vest and expire?
The option will vest on the one-year anniversary of the June 9, 2026 grant date, provided the reporting person continues serving the issuer. It carries an expiration date of June 9, 2036, giving a long exercise window after vesting.
How do Fairmount Funds Management LLC and Tomas Kiselak treat beneficial ownership in this Apogee (APGE) filing?
The filing states Mr. Kiselak must turn over any net cash or stock from the option to Fairmount-managed funds, so he disclaims beneficial ownership. Fairmount likewise disclaims beneficial ownership of the securities except to the extent of its pecuniary interest.