LeonaBio (LONA) CFO awarded 300,000 stock options at $9.54
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LeonaBio, Inc. reported that its Chief Financial Officer, Robert Renninger, received a grant of stock options covering 300,000 shares of common stock. The options have an exercise price of $9.54 per share and expire on April 8, 2036.
According to the grant terms, these options vest in equal monthly installments over 48 months from the grant date, contingent on Mr. Renninger continuing to serve as a service provider under LeonaBio's 2026 Equity Incentive Plan. Following this award, he holds 300,000 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Renninger Robert
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 300,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 300,000 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Stock options granted: 300,000 options
Exercise price: $9.54 per share
Expiration date: April 8, 2036
+2 more
5 metrics
Stock options granted
300,000 options
Grant of Stock Option (Right to Buy) to CFO
Exercise price
$9.54 per share
Conversion or exercise price of granted options
Expiration date
April 8, 2036
Option term end for CFO grant
Vesting schedule
48 monthly installments
Monthly vesting over 48 months from grant date
Options held after grant
300,000 options
Total options directly held by CFO after transaction
Key Terms
Stock Option (Right to Buy), exercise price, vesting, 2026 Equity Incentive Plan
4 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
exercise price financial
"conversion_or_exercise_price: "9.5400""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"scheduled to vest monthly over a term of 48 months"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
2026 Equity Incentive Plan financial
"as defined in the Issuer's 2026 Equity Incentive Plan"
FAQ
What insider transaction did LeonaBio (LONA) report for its CFO?
LeonaBio reported that CFO Robert Renninger received a grant of 300,000 stock options. These options give him the right to buy common shares at a fixed exercise price as part of his equity compensation package.
What is the exercise price of the LeonaBio CFO’s new stock options?
The CFO’s new stock options have an exercise price of $9.54 per share. This strike price is the cost at which he can buy LeonaBio common stock if and when he exercises the options in the future.
How do the LeonaBio CFO stock options vest over time?
The 300,000 stock options granted to LeonaBio’s CFO vest monthly over 48 months. Each month, a portion becomes exercisable, provided he continues to serve as a service provider under the company’s 2026 Equity Incentive Plan.
When do the LeonaBio CFO stock options expire?
The options granted to LeonaBio’s CFO expire on April 8, 2036. After this expiration date, any unexercised options will lapse, meaning he would no longer be able to buy shares under this particular grant.
How many LeonaBio stock options does the CFO hold after this grant?
After this grant, the CFO is reported as holding 300,000 stock options directly. This reflects the full size of the new award, as disclosed in the filing, and represents his current option position from this specific grant.