Bionano Genomics (BNGO) director receives grant of 9,149 stock options at $1.19
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bionano Genomics director Christopher J. Twomey received a grant of stock options covering 9,149 shares of common stock at an exercise price of $1.19 per share. These options vest in equal monthly installments over 12 months and will be fully vested by the next annual stockholder meeting or upon a qualifying change of control. Following this grant, he holds options on 9,149 shares that expire on May 13, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
TWOMEY CHRISTOPHER J
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 options
Exercise price: $1.19 per share
Underlying shares: 9,149 shares
+3 more
6 metrics
Option grant size
9,149 options
Stock Option (Right to Buy) awarded to director
Exercise price
$1.19 per share
Strike price for 9,149 underlying common shares
Underlying shares
9,149 shares
Common stock underlying the option grant
Options after grant
9,149 options
Total derivative holdings following transaction
Vesting schedule
12 monthly installments
Over 12 months after grant; fully vested by next annual meeting
Expiration date
May 13, 2036
Option term end date
Key Terms
Stock Option (Right to Buy), Continuous Service, Change of Control, 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 vesting date"
Change of Control financial
"will vest in full upon a Change of Control"
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.
equity incentive plan financial
"as defined in the Company's 2018 equity incentive plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
FAQ
What insider transaction did Bionano Genomics (BNGO) report for Christopher J. Twomey?
Christopher J. Twomey received a grant of stock options for 9,149 shares of Bionano Genomics common stock. The options are a compensation-related award, not an open-market purchase, and give him the right to buy shares at a fixed exercise price.
What is the exercise price of Christopher J. Twomey’s Bionano Genomics (BNGO) stock options?
The stock options have an exercise price of $1.19 per share. This means he can choose to buy up to 9,149 Bionano Genomics shares at $1.19 each, regardless of the market price, once the options vest.
How do the new Bionano Genomics (BNGO) stock options for Christopher J. Twomey vest?
The options vest in equal monthly installments over 12 months following the grant date. They will in any case be fully vested by the next annual stockholder meeting, assuming his continuous service with the company through each vesting date.
When do Christopher J. Twomey’s Bionano Genomics (BNGO) options expire?
The stock options expire on May 13, 2036. After that expiration date, any unexercised options will no longer be usable, so exercise decisions must be made before the 2036 expiration.
What happens to the Bionano Genomics (BNGO) options if there is a change of control?
The options will vest in full upon a change of control, as defined in Bionano Genomics’ 2018 equity incentive plan. This accelerates vesting, allowing all granted options to become exercisable if a qualifying transaction occurs.