Stock option grant for Cibus (CBUS) director Rory B. Riggs
Rhea-AI Filing Summary
Cibus, Inc. director Rory B. Riggs reported receiving a grant of stock options. The award covers 77,586 options to buy Class A common stock at an exercise price of $1.39 per share, expiring on June 2, 2036.
According to the terms, these options vest in full, subject to his continued service, on the earlier of the first anniversary of the June 2, 2026 grant date or the company’s next annual meeting of shareholders. Following this grant, Riggs holds 77,586 derivative securities directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right-to-Buy) | 77,586 | $0.00 | -- |
Footnotes (1)
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Key Figures
Key Terms
Stock Option (Right-to-Buy) financial
Class A Common Stock financial
grant date financial
expiration date financial
FAQ
What insider transaction did Cibus (CBUS) director Rory Riggs report?
Rory B. Riggs reported receiving a grant of stock options in Cibus, Inc. The award covers 77,586 options for Class A common stock, reflecting compensation rather than an open-market purchase or sale of existing shares.
How many Cibus (CBUS) stock options were granted to Rory Riggs and at what price?
Rory B. Riggs was granted 77,586 stock options in Cibus, Inc. Each option has an exercise price of $1.39 per share, giving him the right to buy Class A common stock at that fixed price.
When do Rory Riggs’ Cibus (CBUS) stock options vest?
The options vest in full on the earlier of the first anniversary of the grant date or the date of Cibus, Inc.’s next annual meeting of shareholders, provided Rory Riggs continues to serve as a director until vesting.
What is the expiration date of the Cibus (CBUS) stock options granted to Rory Riggs?
The stock options granted to Rory B. Riggs expire on June 2, 2036. After that date, any unexercised options will lapse, meaning they can no longer be used to purchase Cibus Class A common shares at the $1.39 exercise price.
Is Rory Riggs’ Cibus (CBUS) option grant an open-market buy or sell?
No, the reported transaction is a grant or award of options, coded “A” on Form 4. It is a compensation-related acquisition of derivative securities, not an open-market purchase or sale of Cibus common stock.