BELITE BIO (BLTE) director Longo reports 110,000-share stock option holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
BELITE BIO director John Michael Longo reported his initial beneficial ownership on a Form 3, showing two stock option awards over ordinary shares. One option allows him to buy 50,000 shares at $6.0000 per share, expiring on April 17, 2032, vesting monthly from April 28, 2022 over three years. A second option covers 60,000 shares at an exercise price of $58.8800, expiring on April 14, 2035, vesting in 36 equal monthly installments starting after April 15, 2025, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Longo John Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 50,000 shares (Direct)
Footnotes (1)
- The option shall vest (i) as to 20,000 ordinary shares subject to the option in 12 equal and continuous monthly installments for each full month of services completed following April 28, 2022, and (ii) as to the remaining 30,000 ordinary shares subject to the option in 24 equal and continuous monthly installments for each full month of services completed following the first anniversary of April 28, 2022, subject to continued service to the Issuer on each such date. The option shall vest as to 60,000 ordinary shares subject to the option in 36 equal and continue monthly installments for each full month of services completed following April 15, 2025, subject to continued service to the Issuer on such date.
FAQ
What does the BELITE BIO (BLTE) Form 3 filing by John Michael Longo report?
The Form 3 filing reports director John Michael Longo’s initial beneficial ownership in BELITE BIO through two stock option grants. It lists the option exercise prices, expiration dates, and vesting schedules tied to his continued service with the company.
What are the exercise prices of John Michael Longo’s BELITE BIO (BLTE) options?
The Form 3 discloses two exercise prices: one option is exercisable at $6.0000 per ordinary share, and the other at $58.8800 per ordinary share. These prices apply if Longo exercises the options before their respective expiration dates.
How do John Michael Longo’s BELITE BIO (BLTE) options vest over time?
The 50,000-share option vests in monthly installments over three years starting from April 28, 2022. The 60,000-share option vests in 36 equal monthly installments after April 15, 2025, with vesting conditioned on his continued service to BELITE BIO.
When do John Michael Longo’s BELITE BIO (BLTE) stock options expire?
The option for 50,000 ordinary shares expires on April 17, 2032, while the option for 60,000 ordinary shares expires on April 14, 2035. After these expiration dates, any unexercised option portions cannot be used.
Does the BELITE BIO (BLTE) Form 3 show any stock purchases or sales by John Michael Longo?
The Form 3 does not report any stock purchases or sales. It only lists existing stock option holdings, including underlying ordinary share amounts, exercise prices, expiration dates, and service-based vesting terms for each option grant.