Capricor Therapeutics (CAPR) awards 15,500 options to board member

Rhea-AI Filing Summary

Capricor Therapeutics director George W. Dunbar Jr. reported receiving a new stock option grant. On 01/05/2026, he was awarded a stock option to buy 15,500 shares of common stock at an exercise price of $24.81 per share. The Form 4 shows this as an acquisition of derivative securities held directly, with 15,500 derivative securities beneficially owned after the transaction.

The option vests in equal monthly installments, with 1/12 of the grant vesting on the first day of each month from February 1, 2026 through December 31, 2026, when it becomes fully vested and exercisable. The award relates to annual board service and is subject to early exercise, meaning all or part of the option may be exercised at any time. If Mr. Dunbar exercises early before vesting, the underlying shares are treated as restricted stock and may be repurchased by the company if his service ends before they vest.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DUNBAR GEORGE W JR

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	15,500	$0.00	--

Holdings After Transaction: Stock Option (Right to Buy) — 15,500 shares (Direct)

Footnotes (1)

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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^*

DUNBAR GEORGE W JR

(Last) (First) (Middle)

C/O CAPRICOR THERAPEUTICS, INC.

10865 ROAD TO THE CURE, SUITE 150

(Street)

SAN DIEGO CA 92121

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CAPRICOR THERAPEUTICS, INC. [ CAPR ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

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
Stock Option (Right to Buy)	$24.81	01/05/2026		A		15,500		(1)	01/05/2036	Common Stock	15,500	$0	15,500	D

Explanation of Responses:

1. The shares vest 1/12th of the first day of each month, commencing February 1, 2026, with the last month vesting on December 31, 2026, until the stock option becomes fully vested and exercisable. The award pertains to annual board service. The option is subject to early exercise and, therefore, all or any part of the option can be exercised at any time. If the reporting person elects to take advantage of the early exercise feature and purchase shares prior to the vesting of such shares, the shares will be deemed restricted stock and will be subject to a repurchase option in favor of the Issuer if the reporting person's service to the Issuer terminates prior to vesting.

	/s/ Linda Marban, Attorney-in-Fact	01/07/2026
	** 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

What insider transaction did Capricor Therapeutics (CAPR) report on this Form 4?

The filing reports that director George W. Dunbar Jr. received a grant of a stock option (right to buy) for 15,500 shares of Capricor common stock on 01/05/2026.

What are the key terms of George W. Dunbar Jr.'s 15,500 stock options at CAPR?

The option allows purchase of 15,500 shares of common stock at an exercise price of $24.81 per share, becomes fully vested by 12/31/2026, and is held directly by the reporting person.

How do the Capricor (CAPR) options granted to the director vest?

The options vest 1/12 on the first day of each month, starting February 1, 2026, with the final vesting on December 31, 2026, when they become fully vested and exercisable.

Is the Capricor director’s option grant related to board service?

Yes. The footnote states that the 15,500-share stock option award pertains to annual board service for George W. Dunbar Jr.

What is the early exercise feature of the CAPR director’s stock options?

The option is subject to early exercise, so all or any part can be exercised at any time. Shares purchased before vesting are treated as restricted stock and are subject to a repurchase option by the company if his service ends before vesting.

How many derivative securities does the CAPR director own after this Form 4 transaction?

After the reported grant, the Form 4 lists 15,500 derivative securities beneficially owned following the transaction, corresponding to the stock option.