Director Peter Farrell receives 15,000 Arcturus (NASDAQ: ARCT) stock options
Rhea-AI Filing Summary
Arcturus Therapeutics Holdings Inc. director Peter C. Farrell reported receiving a grant of stock options covering 15,000 shares of common stock. The options have an exercise price of $7.3000 per share and expire on June 5, 2036.
The filing describes this as the 2026 annual grant for his service on the Board of Directors. According to the footnote, the shares underlying the option vest monthly over a one-year period from the grant date. After this grant, Farrell holds options for 15,000 shares directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock option (right to buy) | 15,000 | $0.00 | -- |
Footnotes (1)
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Key Figures
Key Terms
Stock option (right to buy) financial
Grant, award, or other acquisition financial
Board of Directors financial
FAQ
What did Arcturus Therapeutics (ARCT) disclose about Peter C. Farrell in this Form 4?
Arcturus Therapeutics reported that director Peter C. Farrell received a grant of stock options for 15,000 shares. These options are compensation for his Board service and give him the right to buy common stock at a fixed exercise price.
How many Arcturus Therapeutics (ARCT) options did Peter C. Farrell receive?
Peter C. Farrell received stock options covering 15,000 shares of Arcturus Therapeutics common stock. The filing shows this entire 15,000-share option position as held directly following the transaction, representing his reported derivative holdings from this grant.
What is the exercise price and expiration date of Peter C. Farrell’s ARCT options?
The stock options granted to Peter C. Farrell have an exercise price of $7.3000 per share and expire on June 5, 2036. He can choose to exercise the options at that price before the expiration date, subject to vesting.
How do Peter C. Farrell’s Arcturus (ARCT) options vest?
The options granted to Peter C. Farrell vest monthly over a one-year period from the grant date. This means portions of the 15,000-share award become exercisable each month during that first year, aligning with ongoing Board service.
Is Peter C. Farrell’s ARCT Form 4 transaction an open-market stock purchase?
No. The Form 4 shows a stock option grant coded as a grant, award, or other acquisition, not an open-market purchase. It reflects equity-based compensation, giving Farrell the right to buy shares later at a set price.