Braveheart Bio director granted 30,000 stock options
Braveheart Bio, Inc. reported that director and 10% owner Erez Chimovits received a grant of 30,000 stock options to acquire Braveheart Bio common stock at an exercise price of $18.00 per share.
Rhea-AI Filing Summary
Braveheart Bio, Inc. reported that director and 10% owner Erez Chimovits received a grant of 30,000 stock options to acquire Braveheart Bio common stock at an exercise price of $18.00 per share. These options, which now total 30,000 derivative securities held directly, expire on August 4, 2036. The shares underlying the option will vest in full on the earlier of August 5, 2027 or the date of the company’s next annual stockholders’ meeting, subject to his continued service. Under a separate agreement, any securities or economic benefits from these options are to be transferred to OrbiMed Advisors LLC for the benefit of OrbiMed Private Investments IX, LP.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) F1, F2 | 30,000 | $0.00 | $0.00 |
Footnotes (2)
- F1. The shares underlying the stock option will vest in full upon the earlier of (i) August 5, 2027 or (ii) the date of the Issuer's next annual meeting of stockholders, subject to the Reporting Person's continued service to the Issuer through such vesting date.
- F2. Pursuant to an agreement with OrbiMed Advisors LLC, the Reporting Person is obligated to transfer any securities issued under any such stock options or other awards, or the economic benefit thereof to OrbiMed Advisors LLC, which will in turn ensure that such securities or economic benefits are provided to OrbiMed Private Investments IX, LP.
Key Figures
Key Terms
Stock Option (Right to Buy) financial
vesting financial
economic benefit financial
derivative securities financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Erez Chimovits report on this Form 4 for BRVE?
What are the vesting terms of the 30,000 stock options reported for BRVE?
What is the exercise price and expiration date of the BRVE options granted?
Who ultimately receives the economic benefit of the BRVE options granted to Erez Chimovits?
How many Braveheart Bio derivative securities does Erez Chimovits hold after this option grant?
AI-generated analysis. How Rhea-AI works. Not financial advice.