Director David D. Meek granted 25,319 options at Cullinan Therapeutics (CGEM)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cullinan Therapeutics director David D. Meek received a new stock option grant covering 25,319 shares of common stock. The option has an exercise price of $13.55 per share and represents a right to buy the company’s common stock directly.
According to the grant terms, the 25,319-share option will vest in full on the earlier of June 16, 2027 or the date of Cullinan Therapeutics’ next annual meeting, provided Meek continues to serve as a director through that vesting date. Following this grant, he holds stock options for 25,319 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Meek David D.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 25,319 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 25,319 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option shares granted: 25,319 shares
Exercise price: $13.55 per share
Shares underlying option: 25,319 shares
+2 more
5 metrics
Option shares granted
25,319 shares
Stock Option (Right to Buy) grant to director
Exercise price
$13.55 per share
Stock option exercise price
Shares underlying option
25,319 shares
Underlying common stock for the option
Options held after grant
25,319 options
Total stock options following transaction
Vesting date trigger
Earlier of June 16, 2027 or next annual meeting
Full vesting condition for option grant
Key Terms
Stock Option (Right to Buy), exercise price, vesting, annual meeting
4 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
exercise price financial
"conversion_or_exercise_price: 13.5500"
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.
vesting financial
"which shall vest in full on the earlier of (i) June 16, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual meeting financial
"or (ii) the date of the Issuer's next annual meeting"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
FAQ
What did Cullinan Therapeutics (CGEM) director David D. Meek receive in this Form 4?
David D. Meek received a stock option grant for 25,319 shares of Cullinan Therapeutics common stock. The grant is a compensation award and gives him the right to buy shares at a fixed exercise price.
What is the exercise price of David D. Meek’s Cullinan Therapeutics (CGEM) option grant?
The option grant has an exercise price of $13.55 per share. This is the price at which Meek can purchase Cullinan Therapeutics common stock if and when the option is vested and exercised.
When do David D. Meek’s Cullinan Therapeutics (CGEM) options vest?
The options vest in full on the earlier of June 16, 2027 or the date of Cullinan Therapeutics’ next annual meeting. Vesting is conditioned on Meek’s continued service as a director through the applicable vesting date.
Is David D. Meek’s Form 4 for Cullinan Therapeutics (CGEM) an open-market stock purchase?
No, the filing reports a stock option grant as compensation, not an open-market purchase. The option was awarded at no cost to Meek, with a fixed $13.55 exercise price for future share purchases.