Bionano Genomics (BNGO) director awarded 9,149 stock options vesting over 12 months
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bionano Genomics director Kristiina Vuori, MD received a new stock option grant. She was awarded options covering 9,149 shares of common stock at an exercise price of $1.19 per share. These options are held directly and represent compensation rather than an open-market purchase.
The options will vest in equal monthly installments over 12 months following the grant date and will in any case be fully vested by the company’s next annual stockholder meeting, so long as her continuous service continues through each vesting date. The award also fully vests upon a Change of Control under the company’s 2018 equity incentive plan, and expires on May 13, 2036 if not exercised.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Vuori Kristiina MD
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 9,149 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 9,149 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 9,149 shares
Exercise price: $1.19 per share
Shares underlying options: 9,149 shares
+3 more
6 metrics
Option grant size
9,149 shares
Stock Option (Right to Buy) awarded to director
Exercise price
$1.19 per share
Strike price for the 9,149-share option grant
Shares underlying options
9,149 shares
Common stock underlying the granted options
Total options after grant
9,149 options
Total derivative securities following this transaction
Vesting period
12 months
Equal monthly vesting over 12 months after grant
Option expiration
May 13, 2036
Expiration date of the stock option grant
Key Terms
Stock Option (Right to Buy), Continuous Service, Change of Control, 2018 equity incentive plan
4 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
Continuous Service financial
"subject to the option holder's Continuous Service through each such vesting date"
Change of Control financial
"will vest in full upon a Change of Control as defined in the plan"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
2018 equity incentive plan financial
"as defined in the Company's 2018 equity incentive plan"
FAQ
What did Bionano Genomics (BNGO) disclose about Kristiina Vuori's new grant?
Bionano Genomics disclosed that director Kristiina Vuori, MD received a stock option grant for 9,149 shares of common stock at an exercise price of $1.19 per share, structured as equity compensation rather than an open-market share purchase.
What is the exercise price and expiration date of Vuori's BNGO stock options?
The options have an exercise price of $1.19 per share and an expiration date of May 13, 2036. If she does not exercise by that date, the options lapse and no longer provide the right to purchase Bionano Genomics common stock.
How do Kristiina Vuori's Bionano Genomics stock options vest?
The options vest in equal monthly installments over the 12 months following the grant date and will in any case be fully vested by the company’s next annual stockholder meeting, provided she maintains continuous service with Bionano Genomics through each monthly vesting date.
What happens to Vuori's BNGO options upon a Change of Control?
Upon a Change of Control, as defined in Bionano Genomics’ 2018 equity incentive plan, Vuori’s stock options vest in full immediately. This accelerates vesting, allowing her to exercise the entire 9,149-share option grant regardless of the normal monthly vesting schedule.