Equity awards lift Aprea (NASDAQ: APRE) CFO Hamill’s share stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Aprea Therapeutics reported that SrVP/CFO/Principal Financial and Accounting Officer John P. Hamill received new equity compensation. He was granted 40,380 stock options with an exercise price of $0.765 per share, expiring on March 12, 2036.
Twenty-five percent of these options vest on March 12, 2027, with the remainder vesting monthly over the following 36 months, contingent on continued employment. Hamill also received 10,095 restricted stock units, vesting in three equal annual installments starting March 12, 2027. Following the RSU grant, his common stock holdings total 43,528 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hamill John P.
Role
SrVP/CFO/Prin Fin & Acct Ofcr
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to Buy) | 40,380 | $0.00 | -- |
| Grant/Award | Common Stock | 10,095 | $0.00 | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 40,380 shares (Direct);
Common Stock — 43,528 shares (Direct)
Footnotes (1)
- These shares represent restricted stock units and shall vest and be settled in the Issuer's common stock in three (3) equal annual installments beginning on March 12, 2027, until vested in full, subject to the reporting person's continued employment through and including the applicable vesting dates and subject to acceleration under certain conditions. Twenty-five percent of these options vest on March 12, 2027, with the remaining options vesting ratably over the following 36 months, subject to the reporting person's continued employment through and including the applicable vesting dates and subject to acceleration under certain conditions.
FAQ
What insider transactions did Aprea Therapeutics (APRE) report for John P. Hamill?
Aprea reported that CFO John P. Hamill received two equity awards: 40,380 stock options with a $0.765 exercise price and 10,095 restricted stock units. Both awards are compensation grants, not open-market purchases, and vest over several years starting March 12, 2027.
How do the new stock options granted to Aprea (APRE) CFO vest?
Hamill’s 40,380 stock options vest with 25% on March 12, 2027, and the remaining 75% vesting ratably over the next 36 months. The options have a $0.765 exercise price and expire on March 12, 2036, providing long-term incentive alignment.
What are the terms of the restricted stock units granted to Aprea (APRE) CFO?
Hamill received 10,095 restricted stock units that vest in three equal annual installments starting March 12, 2027. Each installment is contingent on his continued employment through the relevant vesting date, with potential acceleration under certain conditions described in the award terms.
Do the Aprea (APRE) equity awards to the CFO involve any cash transactions?
The reported awards involve no cash purchases or sales. The 40,380 stock options were granted at a $0.765 exercise price, but no exercise occurred, and the 10,095 restricted stock units are share-based compensation that will settle in common stock as they vest over time.
What conditions affect vesting of the Aprea (APRE) CFO’s equity awards?
Both the stock options and restricted stock units require Hamill’s continued employment through each vesting date. The Form 4 notes that vesting is also subject to acceleration under certain conditions, which are typically defined in the underlying award agreements and company plans.