C4 Therapeutics (NASDAQ: CCCC) director receives grant of 62,000 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
C4 Therapeutics, Inc. director Utpal Koppikar received a grant of stock options to buy 62,000 shares of common stock. The options have an exercise price of $4.25 per share and expire on June 23, 2036.
The option award will vest and become exercisable in full on the earlier of June 24, 2027 or the company’s next annual stockholder meeting, as long as he continues serving on the Board through that date. Following this grant, he holds options covering 62,000 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Koppikar Utpal
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 62,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 62,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 62,000 options
Exercise price: $4.25 per share
Shares underlying options: 62,000 shares
+3 more
6 metrics
Option grant size
62,000 options
Stock Option (Right to Buy) awarded to director
Exercise price
$4.25 per share
Conversion or exercise price of options
Shares underlying options
62,000 shares
Underlying C4 Therapeutics common stock
Total options after grant
62,000 options
Total derivative holdings following transaction
Option expiration
June 23, 2036
Expiration date of stock options
Vesting date trigger
June 24, 2027
Latest vesting date or earlier next annual meeting
Key Terms
Stock Option (Right to Buy), exercise price, expiration date, vest and become exercisable, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
exercise price financial
"conversion_or_exercise_price: "4.2500""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: "2036-06-23T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
vest and become exercisable financial
"This option shall vest and become exercisable in full upon the earlier"
annual meeting of the Issuer's stockholders financial
"the next annual meeting of the Issuer's stockholders, subject to the recipient's"
FAQ
What did C4 Therapeutics (CCCC) director Utpal Koppikar report on this Form 4?
Director Utpal Koppikar reported receiving a grant of stock options for 62,000 shares of C4 Therapeutics common stock. These options are a compensation award, not an open-market purchase, and give him the right to buy shares at a fixed exercise price in the future.
What is the exercise price and expiration date of the C4 Therapeutics options?
The options have an exercise price of $4.25 per share and expire on June 23, 2036. This means he can choose to buy shares at $4.25 any time after vesting and before expiration, subject to the option agreement’s terms.
When do Utpal Koppikar’s C4 Therapeutics stock options vest?
The options will vest and become exercisable in full on the earlier of June 24, 2027 or the next annual stockholder meeting. Vesting is contingent on his continued service as a Board member through that vesting date, according to the footnote disclosure.
Is this C4 Therapeutics Form 4 a stock purchase or a compensation grant?
This Form 4 reflects a compensation-related stock option grant, not an open-market stock purchase. The transaction code is “A” for grant or award, and the price per option is reported as $0.00, consistent with an option award from the company.