BridgeBio Oncology (BBOT) awards CEO 1,103,837 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BridgeBio Oncology Therapeutics reported that President and CEO Pedro Beltran received a grant of stock options covering 1,103,837 shares of common stock. The options have an exercise price of $7.66 per share and were awarded at no cost to him.
These options expire on May 9, 2036 and vest in substantially equal monthly installments, with 1/48 of the total vesting on each monthly anniversary of April 20, 2026, contingent on his continued service. Following this grant, he holds options for 1,103,837 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Beltran Pedro
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 1,103,837 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,103,837 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 1,103,837 shares
Exercise price: $7.66 per share
Post-grant option holdings: 1,103,837 shares
+2 more
5 metrics
Option grant size
1,103,837 shares
Stock Option (Right to Buy) granted to CEO
Exercise price
$7.66 per share
Conversion or exercise price of granted options
Post-grant option holdings
1,103,837 shares
Total options held following transaction
Option expiration date
May 9, 2036
Expiration of CEO stock options
Vesting schedule
1/48 monthly
Vests each month from April 20, 2026, subject to service
Key Terms
Stock Option (Right to Buy), exercise price, vesting, expiration date
4 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
exercise price financial
"conversion_or_exercise_price: 7.6600"
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
"shares subject to such option vest and become exercisable in substantially equal monthly installments"
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.
expiration date financial
"expiration_date: 2036-05-09T00:00:00.000Z"
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.
FAQ
What did BBOT CEO Pedro Beltran receive in this Form 4 filing?
Pedro Beltran received a stock option grant for 1,103,837 shares of BridgeBio Oncology common stock. The options are compensation, not an open-market purchase, and give him the right to buy shares at a fixed exercise price of $7.66 per share.
What is the exercise price of the new BBOT CEO stock options?
The stock options granted to Pedro Beltran have an exercise price of $7.66 per share. This means he can buy BridgeBio Oncology common stock at $7.66 once options vest, regardless of the market price at the time of exercise.
How do the BBOT CEO stock options vest over time?
The options vest in monthly installments, with 1/48 of the shares vesting on each monthly anniversary of April 20, 2026. Vesting is conditional on Pedro Beltran’s continuous service with BridgeBio Oncology on each vesting date.
When do Pedro Beltran’s BridgeBio Oncology options expire?
The granted stock options expire on May 9, 2036. If any options are not exercised by that date, the right to purchase those BridgeBio Oncology common shares at the $7.66 exercise price will lapse and become void.