C4 Therapeutics (NASDAQ: CCCC) director receives 62,000 stock options at $4.25
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
C4 Therapeutics, Inc. director Owen Hughes received a grant of stock options covering 62,000 shares of common stock. The options have an exercise price of $4.2500 per share and expire on June 23, 2036. Following this grant, Hughes holds options on 62,000 shares directly.
According to the vesting terms, the option becomes fully exercisable on the earlier of June 24, 2027 or the company’s next annual stockholder meeting, provided Hughes continues serving on the Board through that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hughes Owen
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: $4.2500 per share
Expiration date: June 23, 2036
+3 more
6 metrics
Option grant size
62,000 options
Stock Option (Right to Buy) awarded to director Owen Hughes
Exercise price
$4.2500 per share
Exercise price for options on C4 Therapeutics common stock
Expiration date
June 23, 2036
Option expiration for the 62,000-share grant
Underlying shares
62,000 shares
Common stock underlying the granted options
Post-grant derivative holdings
62,000 options
Total options held directly after this transaction
Vesting latest date
June 24, 2027
Latest possible full vesting date, subject to continued Board service
Key Terms
Stock Option (Right to Buy), Grant, award, or other acquisition, exercise price, vest and become exercisable, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
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.
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"
FAQ
What did Owen Hughes report in the latest CCCC Form 4 filing?
Owen Hughes reported receiving stock options for 62,000 C4 Therapeutics shares. These options were granted at an exercise price of $4.25 per share and represent compensation for his service as a director, increasing his derivative holdings to 62,000 options.
What are the key terms of Owen Hughes’ 62,000 C4 Therapeutics options?
The options cover 62,000 C4 Therapeutics common shares at a $4.25 exercise price. They expire on June 23, 2036, and will vest in full if Hughes remains on the Board until June 24, 2027 or the next annual stockholder meeting, whichever occurs first.
When do Owen Hughes’ new CCCC stock options vest and become exercisable?
The options vest and become fully exercisable on the earlier of June 24, 2027 or the next C4 Therapeutics annual stockholder meeting. Vesting is conditioned on Hughes’ continued service as a Board member through that date, as described in the filing footnote.
Is Owen Hughes’ Form 4 transaction a market purchase or sale of CCCC stock?
The Form 4 shows a grant of stock options, not a market trade in C4 Therapeutics shares. The transaction is coded as an award (Code A), indicating compensation-related acquisition of derivative securities rather than an open-market buy or sell of common stock.
What is Owen Hughes’ reported C4 Therapeutics option position after this grant?
After the award, Hughes is reported as directly holding options on 62,000 C4 Therapeutics shares. The filing lists this as the total derivative position following the transaction, with no additional remaining derivative holdings shown in the derivative summary section.