CalciMedica's CEO Shows Confidence with Major Stock Option Package

Rhea-AI Filing Summary

Rachel Leheny, Chief Executive Officer, Director, and 10% Owner of CalciMedica (CALC), received a stock option grant for 77,625 shares of common stock on June 24, 2025. The options were granted with the following key terms:

• Exercise price set at $1.53 per share
• Options are immediately exercisable
• Expiration date of April 22, 2035
• Granted under the amended 2023 Equity Incentive Plan

The grant was initially approved by the Board on April 23, 2025, but was contingent on stockholder approval of amendments to the 2023 Equity Incentive Plan, which was obtained on June 24, 2025. This Form 4 filing represents a direct ownership position for Leheny, who serves in multiple leadership roles at the company.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Leheny A. Rachel

Role CHIEF EXECUTIVE OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Employee Stock Option (Right to Buy)	77,625	$0.00	--

Holdings After Transaction: Employee Stock Option (Right to Buy) — 77,625 shares (Direct)

Footnotes (1)

1. The option grant was approved by the Board of Directors of CalciMedica, Inc. (the "Company") on April 23, 2025, subject to stockholder approval of an amendment of the Company's 2023 Equity Incentive Plan (the "Amended 2023 EIP") under which the option was granted. The Company's stockholders approved the Amended 2023 EIP on June 24, 2025. Immediately exercisable.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Leheny A. Rachel

(Last) (First) (Middle)

C/O CALCIMEDICA, INC.

505 COAST BLVD. S. #307

(Street)

LA JOLLA CA 92037

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CalciMedica, Inc. [ CALC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF EXECUTIVE OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$1.53	06/24/2025(1)		A		77,625		(2)	04/22/2035	Common Stock	77,625	$0	77,625	D

Explanation of Responses:

1. The option grant was approved by the Board of Directors of CalciMedica, Inc. (the "Company") on April 23, 2025, subject to stockholder approval of an amendment of the Company's 2023 Equity Incentive Plan (the "Amended 2023 EIP") under which the option was granted. The Company's stockholders approved the Amended 2023 EIP on June 24, 2025.

2. Immediately exercisable.

	/s/ John Dunn, Attorney-in-Fact	06/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many stock options did CALC's CEO Rachel Leheny receive in June 2025?

According to the Form 4 filing, CALC's CEO Rachel Leheny received 77,625 employee stock options (right to buy) on June 24, 2025, with an exercise price of $1.53 per share.

What is the exercise price of CALC CEO's new stock options granted in June 2025?

The exercise price of the stock options granted to CALC's CEO is $1.53 per share.

When do CALC CEO Rachel Leheny's new stock options expire?

The stock options granted to CALC's CEO Rachel Leheny expire on April 22, 2035, approximately 10 years from the original board approval date.

What positions does Rachel Leheny hold at CALC according to the Form 4?

According to the Form 4, Rachel Leheny serves in multiple roles at CalciMedica (CALC): she is the Chief Executive Officer, a Director, and a 10% Owner of the company.

Why was CALC's stock option grant delayed until June 24, 2025?

The option grant was initially approved by CALC's Board on April 23, 2025, but was subject to stockholder approval of an amendment to the company's 2023 Equity Incentive Plan. The stockholders approved the amended plan on June 24, 2025, allowing the option grant to proceed.