BridgeBio Oncology (BBOT) director receives 63,350 stock options award
Rhea-AI Filing Summary
BridgeBio Oncology Therapeutics, Inc. director Peter F. Lebowitz received a grant of stock options covering 63,350 shares of common stock. The options have an exercise price of $8.72 per share and expire on March 23, 2036.
According to the vesting terms, 1/36th of the options vest in substantially equal monthly installments on each monthly anniversary of March 24, 2026, so long as he continues to provide service to the company. Following this grant, he holds 63,350 derivative securities directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lebowitz Peter F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 63,350 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 63,350 shares (Direct)
Footnotes (1)
- F1. 1/36th of the shares subject to such option vest and become exercisable in substantially equal monthly installments on each monthly anniversary of March 24, 2026, subject to the Reporting Person's continuous service to the Issuer on each such date.
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FAQ
What did Peter F. Lebowitz report in his Form 4 for BridgeBio Oncology Therapeutics (BBOT)?
Peter F. Lebowitz reported receiving a grant of stock options for 63,350 shares of BridgeBio Oncology Therapeutics common stock. These options were awarded as a compensation-related acquisition and are not an open-market purchase or sale of existing shares.
What are the key terms of the 63,350 stock options granted to the BBOT director?
The options cover 63,350 shares of common stock at an exercise price of $8.72 per share and expire on March 23, 2036. They represent a right to buy shares in the future rather than an immediate share purchase.
How do the stock options granted to the BBOT director vest over time?
Vesting begins on March 24, 2026, with 1/36th of the options vesting in substantially equal monthly installments. Continued service to BridgeBio Oncology Therapeutics is required on each vesting date for additional portions of the grant to become exercisable.
Is the Form 4 for BBOT a sign of insider buying or selling on the open market?
No, this Form 4 reflects a grant of stock options as compensation, coded as a grant or award acquisition. It does not show any open-market buying or selling of BBOT common shares by the director on the transaction date disclosed.
How many derivative securities does the BBOT director hold after this option grant?
After this transaction, the director is reported as holding 63,350 derivative securities directly. These reflect the newly granted stock options tied to the company’s common stock, rather than already-owned common shares acquired on the market.
What is the expiration date of the BBOT director’s newly granted stock options?
The stock options granted to the director expire on March 23, 2036. If they are not exercised by that expiration date, the right to purchase the underlying 63,350 shares of common stock at the set exercise price will lapse.