Officer at CG Oncology (CGON) awarded 45,266 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CG Oncology, Inc. reported that officer Joshua F. Patterson received an employee stock option grant covering 45,266 shares of common stock. The option has an exercise price of $67.68 per share and expires on April 14, 2036.
According to the terms, 1/48th of the option vests each month after the vesting commencement date of April 15, 2026, as long as Patterson remains in continuous service with the company. This is a compensation-related equity award rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Patterson Joshua F.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 45,266 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 45,266 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 45,266 options
Exercise price: $67.68 per share
Shares underlying option: 45,266 shares
+3 more
6 metrics
Option grant size
45,266 options
Employee stock option grant to Joshua F. Patterson
Exercise price
$67.68 per share
Strike price for employee stock option
Shares underlying option
45,266 shares
Common stock underlying the derivative grant
Post-transaction derivative holdings
45,266 options
Total options held after this grant
Option expiration date
April 14, 2036
Final date to exercise granted options
Vesting commencement date
April 15, 2026
Date monthly vesting of 1/48th begins
Key Terms
Employee Stock Option, exercise price, vesting, expiration date, +1 more
5 terms
Employee Stock Option financial
"Employee Stock Option (Right to Buy)"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
exercise price financial
"conversion or exercise price of 67.6800 per share"
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
"1/48th of the shares 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.
expiration date financial
"expiration date of 2036-04-14"
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.
derivative financial
"transaction_type set to derivative for this option grant"
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
FAQ
What insider transaction did CG Oncology (CGON) report for Joshua F. Patterson?
CG Oncology reported a grant of employee stock options to officer Joshua F. Patterson. He received options for 45,266 shares of common stock as compensation, documented as an acquisition rather than an open-market purchase or sale.
What is the exercise price of Joshua F. Patterson’s CG Oncology (CGON) stock options?
The granted employee stock options have an exercise price of $67.68 per share. This means Patterson can later buy CG Oncology common stock at $67.68 per share once the options vest and before they expire, subject to his continued service.
How do the CG Oncology (CGON) stock options granted to Joshua F. Patterson vest?
The options vest gradually over time. One forty-eighth (1/48th) of the shares subject to the option vest each month after April 15, 2026, provided Patterson remains in continuous service with CG Oncology through each monthly vesting date.
When do Joshua F. Patterson’s CG Oncology (CGON) stock options expire?
The employee stock options granted to Patterson expire on April 14, 2036. He must exercise any vested options before that expiration date; unexercised options after that date would lapse and become worthless under the grant’s stated terms.
Does the CG Oncology (CGON) Form 4 show a stock sale or purchase by Joshua F. Patterson?
The Form 4 shows an acquisition of derivative securities through an employee stock option grant, not an open-market trade. The transaction code is “A,” indicating a grant or award, with no reported buying or selling of common shares in the market.