Cullinan Therapeutics (CGEM) grants 175,000-share stock option to CBO Corrine Savill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cullinan Therapeutics, Inc. reported that Chief Business Officer Corrine Savill received a grant of stock options covering 175,000 shares of common stock. The options have an exercise price of $0.00 per share and vest over four years in equal monthly installments of one forty-eighth of the grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Savill Corrine
Role
Chief Business Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 175,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 175,000 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Cullinan Therapeutics (CGEM) report for Corrine Savill?
Cullinan Therapeutics reported that Chief Business Officer Corrine Savill received a stock option grant for 175,000 shares. The award is classified as a grant or other acquisition and reflects equity-based compensation, rather than an open-market stock purchase or sale by the executive.
What is the vesting schedule for Corrine Savill’s Cullinan Therapeutics (CGEM) stock option?
The option vests over four years, with one forty-eighth of the shares vesting in equal monthly installments until the fourth anniversary of the grant. This structure gradually delivers exercisable rights, aligning the award with continued service over the full vesting period.
What transaction code applies to Corrine Savill’s Cullinan Therapeutics (CGEM) option grant?
The transaction is reported under code “A,” which indicates a grant, award, or other acquisition of a derivative security. This reflects the issuance of a new stock option to Corrine Savill rather than a market purchase or sale of existing common shares.
Is Corrine Savill’s new Cullinan Therapeutics (CGEM) option held directly or indirectly?
The filing classifies Corrine Savill’s ownership of the stock option as direct, using the ownership code “D.” This means the derivative security is held in her own name, not through an intermediary entity such as a trust, partnership, or family investment vehicle.