Venrock-linked director at Apogee (APGE) awarded 7,657 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Apogee Therapeutics director Nimish P. Shah reported a grant of stock options covering 7,657 shares of common stock, with an exercise price of 85.00 and expiration on 2036-06-09. The options vest on the one-year anniversary of the 2026-06-09 grant date.
Under an agreement, the option and underlying shares are held for the sole benefit of Venrock Management, LLC, which directs any exercise and is entitled to the shares. Shah may be deemed an indirect beneficial owner only to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Shah Nimish P
Role
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 (Direct, null)
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 an agreement between the Reporting Person and Venrock Management, LLC (the "Management Company"), the Reporting Person is deemed to hold the reported option and the shares underlying the option for the sole benefit of the Management Company and must exercise the reported option solely upon the direction of the Management Company, which is entitled to the shares underlying the option. The Management Company may be deemed the indirect beneficial owner of the shares underlying the option, and the Reporting Person may be deemed the indirect beneficial owner of the reported shares underlying the option through his interest in the Management Company. The Reporting Person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.
Key Figures
Option grant size: 7,657 options
Exercise price: 85.00 per share
Expiration date: 2036-06-09
+1 more
4 metrics
Option grant size
7,657 options
Stock Option (Right to Buy) granted 2026-06-09
Exercise price
85.00 per share
Stock option exercise price for 7,657 underlying shares
Expiration date
2036-06-09
Option term end for the 7,657-share grant
Post-transaction derivative holdings
7,657 options
Total derivative securities following the reported grant
Key Terms
Stock Option (Right to Buy), indirect beneficial owner, pecuniary interest
3 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
indirect beneficial owner financial
"The Management Company may be deemed the indirect beneficial owner of the shares"
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein"
FAQ
What insider transaction did Apogee Therapeutics (APGE) report for Nimish P. Shah?
Apogee Therapeutics reported that director Nimish P. Shah received a grant of stock options for 7,657 shares of common stock. These options were awarded at an exercise price of 85.00 and are scheduled to expire on 2036-06-09, subject to standard vesting conditions.
When do Nimish P. Shah’s Apogee Therapeutics (APGE) options vest and expire?
The granted stock options for 7,657 Apogee Therapeutics shares vest on the one-year anniversary of the 2026-06-09 grant date. They carry an expiration date of 2036-06-09, giving a ten-year term from grant, assuming continued service through the vesting date.
Who is the beneficial owner of the Apogee Therapeutics (APGE) options linked to Nimish P. Shah?
The options and underlying shares are held for the sole benefit of Venrock Management, LLC. Shah must exercise the options only at Venrock’s direction, and Venrock may be deemed the indirect beneficial owner, while Shah disclaims ownership beyond his pecuniary interest.
Does Nimish P. Shah directly benefit from the Apogee Therapeutics (APGE) option grant?
Shah is deemed to hold the options for Venrock Management, LLC and must follow its directions regarding exercise. He may be considered an indirect beneficial owner only to the extent of his pecuniary interest, and he expressly disclaims beneficial ownership beyond that interest.
Is the Apogee Therapeutics (APGE) Form 4 transaction a market purchase or sale?
The Form 4 reflects a grant of stock options, not an open market purchase or sale. It is categorized as an acquisition of a derivative security, with 7,657 options awarded at an exercise price of 85.00, expiring on 2036-06-09, subject to vesting after one year.