CG Oncology (CGON) director receives 9,354 stock options at $56.09 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CG Oncology director Brian Guan-Chyun Liu received a grant of stock options for 9,354 shares of common stock. These Director Stock Options give him the right to buy shares at an exercise price of $56.09 per share and expire on June 3, 2036.
The options vest over time: 1/12 of the total vests monthly after the June 4, 2026 grant date, as long as he continues serving the company. If the next annual stockholder meeting occurs before the first anniversary of the grant, any remaining unvested portion will vest on that meeting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Liu Brian Guan-Chyun
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Director Stock Option (right to buy) | 9,354 | $0.00 | -- |
Holdings After Transaction:
Director Stock Option (right to buy) — 9,354 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 9,354 options
Exercise price: $56.09 per share
Expiration date: June 3, 2036
+2 more
5 metrics
Options granted
9,354 options
Director Stock Option grant for common stock
Exercise price
$56.09 per share
Director Stock Option strike price
Expiration date
June 3, 2036
Option expiration
Shares underlying options
9,354 shares
Common stock underlying Director Stock Options
Vesting schedule
1/12 monthly
Monthly vesting after June 4, 2026, subject to service
Key Terms
Director Stock Option, exercise price, expiration date, vesting, +1 more
5 terms
Director Stock Option financial
"Director Stock Option (right to buy)"
exercise price financial
"conversion_or_exercise_price": "56.0900""
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": "2036-06-03T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised.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.
vesting financial
"1/12th of the total number of shares of common stock subject to the option vest monthly"
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.
continuous service financial
"subject to the Reporting Person's continuous service to the Issuer through each vesting date"
FAQ
What did CGON director Brian Guan-Chyun Liu report in this Form 4?
He reported receiving a grant of Director Stock Options for 9,354 shares. These options allow him to purchase CG Oncology common stock at $56.09 per share as part of his director compensation, rather than reflecting any open-market buying or selling activity.
What is the exercise price of Brian Liu’s CGON Director Stock Options?
The options have an exercise price of $56.09 per share. This means Liu can buy CG Oncology common stock at $56.09, regardless of future market prices, once the options have vested and before they expire in June 2036.
How do Brian Liu’s CGON stock options vest over time?
One-twelfth of the total options vest monthly after June 4, 2026, the grant date. Vesting continues as long as he remains in continuous service, with any remaining unvested portion vesting at the next annual stockholders’ meeting if it occurs within the first year.
When do Brian Liu’s CGON Director Stock Options expire?
The options expire on June 3, 2036, according to the filing. After that expiration date, any unexercised options will no longer be valid, so they must be exercised before then if he intends to purchase the underlying shares.