aTyr Pharma (ATYR) awards CEO 1.5M options fully vesting through 2029
Rhea-AI Filing Summary
aTyr Pharma Inc. reported an insider equity award to its President and CEO, Sanjay Shukla. On January 9, 2026, he was granted an employee stock option for 1,500,000 shares of common stock at an exercise price of $0.7127 per share. The Form 4 shows the transaction as acquired and held directly, with 1,500,000 derivative securities beneficially owned after the grant.
The option will vest in 36 equal monthly installments beginning February 9, 2026, and is expected to be fully exercisable by January 9, 2029. The award agreement also provides for accelerated vesting if Dr. Shukla is terminated without cause in connection with a change of control of the company.
Positive
- None.
Negative
- None.
FAQ
What did aTyr Pharma (ATYR) disclose in this insider filing?
aTyr Pharma disclosed that its President and CEO, Sanjay Shukla, received an employee stock option covering 1,500,000 shares of common stock on January 9, 2026.
How many aTyr Pharma shares are covered by the CEO's new stock option?
The new employee stock option granted to CEO Sanjay Shukla covers 1,500,000 shares of aTyr Pharma common stock.
What is the exercise price of the aTyr Pharma CEO stock option granted on January 9, 2026?
The employee stock option granted to the CEO on January 9, 2026 has an exercise price of $0.7127 per share of common stock.
When do the aTyr Pharma CEO's stock options vest and become exercisable?
The shares subject to the option vest and become exercisable in 36 equal monthly installments beginning February 9, 2026, and are expected to be fully exercisable on January 9, 2029.
Is there any accelerated vesting feature in the aTyr Pharma CEO option grant?
Yes. The option is subject to accelerated vesting if the CEO is terminated without cause in connection with a change of control of aTyr Pharma.
How is the CEO's ownership of these aTyr Pharma options reported?
The Form 4 reports 1,500,000 derivative securities beneficially owned by the CEO following the transaction, with ownership shown as direct.