Director Garry Menzel granted 40,000 BDTX stock options at $1.71 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Black Diamond Therapeutics director Garry E. Menzel received a stock option award for 40,000 shares of common stock. The option has an exercise price of $1.71 per share and expires on June 25, 2036. It was granted as a compensation award rather than a market purchase or sale.
The option will vest and become exercisable in full on the earlier of June 26, 2027 or the company’s next annual meeting of stockholders, subject to his continued service through that date. Following this grant, he holds 40,000 option-based rights directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Menzel Garry E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 40,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 40,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 40,000 shares
Exercise price: $1.71 per share
Expiration date: June 25, 2036
+2 more
5 metrics
Option grant size
40,000 shares
Underlying common stock in new option award
Exercise price
$1.71 per share
Stock option strike price
Expiration date
June 25, 2036
Option term end date
Post-transaction options held
40,000 options
Total derivative securities following award
Vesting schedule
Earlier of June 26, 2027 or next annual meeting
Full vesting trigger, subject to continued service
Key Terms
Stock Option (Right to Buy), exercise price, expiration date, annual meeting of stockholders, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
exercise price financial
"conversion_or_exercise_price: 1.7100"
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: 2036-06-25T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised.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.
annual meeting of stockholders financial
"the Issuer's next annual meeting of stockholders, subject to the Reporting Person's continued service"
vest and become exercisable financial
"The shares subject to this option shall vest and become exercisable in full"
FAQ
What did Garry E. Menzel report in his Form 4 for Black Diamond Therapeutics (BDTX)?
Garry E. Menzel reported receiving a stock option award for 40,000 shares of Black Diamond Therapeutics common stock. The option was granted as compensation, not through an open-market transaction, and gives him the right to buy shares at a fixed exercise price.
What are the key terms of Garry Menzel’s new BDTX stock option grant?
The stock option covers 40,000 underlying shares of Black Diamond Therapeutics common stock at an exercise price of $1.71 per share. It expires on June 25, 2036 and represents a compensation-related award rather than an immediate purchase or sale of stock.
When will Garry Menzel’s BDTX stock options vest and become exercisable?
The 40,000-share option will vest and become fully exercisable on the earlier of June 26, 2027 or Black Diamond Therapeutics’ next annual meeting of stockholders. Vesting requires Menzel’s continued service with the company through the applicable vesting date described in the award terms.
How many BDTX option-based rights does Garry Menzel hold after this transaction?
After this transaction, Garry Menzel holds 40,000 option-based rights directly in Black Diamond Therapeutics. These options are subject to future vesting and provide potential future ownership, rather than reflecting currently owned common shares acquired in the open market.