Aurinia (NASDAQ: AUPH) director receives grant of 23,931 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Aurinia Pharmaceuticals Inc. director Craig A. Johnson received a grant of stock options as part of his compensation. He was awarded 23,931 Director Stock Options, each giving the right to buy one common share at an exercise price of $15.67 per share.
The options vest one year from the grant date and expire on June 4, 2036. Following this grant, Johnson holds 23,931 options directly, with no open-market buying or selling reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Johnson Craig A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Director Stock Option (right to buy) | 23,931 | $0.00 | -- |
Holdings After Transaction:
Director Stock Option (right to buy) — 23,931 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 23,931 options
Exercise price: $15.67 per share
Expiration date: June 4, 2036
+2 more
5 metrics
Option grant size
23,931 options
Director stock option award to Craig A. Johnson
Exercise price
$15.67 per share
Exercise price for Director Stock Option grant
Expiration date
June 4, 2036
Option term for director grant
Vesting schedule
1-year cliff vesting
Options vest one year from date of grant
Post-grant holdings
23,931 options
Total options held following transaction
Key Terms
Director Stock Option (right to buy), exercise price, expiration date, grant, award, or other acquisition, +1 more
5 terms
Director Stock Option (right to buy) financial
"security_title: "Director Stock Option (right to buy)""
exercise price financial
"conversion_or_exercise_price: "15.6700""
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.
expiration date financial
"expiration_date: "2036-06-04T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
vest financial
"The options shall vest one year from date of grant."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did Aurinia Pharmaceuticals (AUPH) report for Craig A. Johnson?
Aurinia Pharmaceuticals reported a compensation-related grant of 23,931 director stock options to Craig A. Johnson. These options provide the right to purchase common shares at a fixed exercise price and do not reflect any open-market buying or selling activity.
What is the exercise price of the new Aurinia (AUPH) director stock options?
The granted director stock options have an exercise price of $15.67 per common share. This means Johnson can buy Aurinia shares at $15.67 once the options vest, regardless of the market price at that time.
When do Craig A. Johnson’s Aurinia (AUPH) stock options vest and expire?
The director stock options granted to Craig A. Johnson vest one year from the date of grant. They carry an expiration date of June 4, 2036, after which any unexercised options will lapse and can no longer be used.
How many Aurinia (AUPH) options does Craig A. Johnson hold after this Form 4?
After this reported grant, Craig A. Johnson holds 23,931 stock options directly. All these options come from this single award, and the filing does not report any additional derivative positions remaining beyond this grant.