CG Oncology (NASDAQ: CGON) CMO receives 79,216 stock options at $67.68 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CG Oncology, Inc. reported that Chief Medical Officer Kasturi Vijay received an employee stock option grant for 79,216 shares of common stock. The option has an exercise price of $67.68 per share, expires on April 14, 2036, and represents a compensation-related award rather than an open-market trade.
These options vest over time: 1/48 of the shares vest monthly after April 15, 2026, as long as Vijay continues providing service to the company. Following this grant, Vijay holds derivative rights to acquire 79,216 shares through this option.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kasturi Vijay
Role
Chief Medical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 79,216 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 79,216 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 79,216 options
Exercise price: $67.68 per share
Underlying shares: 79,216 shares
+3 more
6 metrics
Options granted
79,216 options
Employee stock option grant to CMO Kasturi Vijay
Exercise price
$67.68 per share
Strike price of employee stock option grant
Underlying shares
79,216 shares
Common stock underlying the option award
Expiration date
April 14, 2036
Option term end date
Vesting start
April 15, 2026
Vesting commencement date; 1/48 vests monthly
Post-grant derivative holdings
79,216 derivative shares
Total shares acquirable under this option after grant
Key Terms
Employee Stock Option (Right to Buy), exercise price, underlying security, vesting, +1 more
5 terms
Employee Stock Option (Right to Buy) financial
"security_title: Employee Stock Option (Right to Buy)"
exercise price financial
"conversion_or_exercise_price: 67.6800"
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.
underlying security financial
"underlying_security_title: Common Stock"
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.
continuous service financial
"subject to the Reporting Person's continuous service to the Issuer"
FAQ
What did CGON’s Chief Medical Officer receive in this Form 4 filing?
The Chief Medical Officer, Kasturi Vijay, received an employee stock option grant for 79,216 shares of CG Oncology common stock. This is a compensation-related award, not an open-market stock purchase or sale, and gives the right to buy shares at a fixed exercise price.
What is the exercise price of the CGON stock options granted to Kasturi Vijay?
The granted employee stock options have an exercise price of $67.68 per share. This means Vijay can buy CG Oncology common shares at $67.68 if and when the options vest and are exercised, regardless of the future market price at that time.
How do the CGON options granted to Kasturi Vijay vest over time?
The options vest in equal monthly installments, with 1/48 of the 79,216 shares vesting each month after April 15, 2026. Vesting continues only if Vijay maintains continuous service with CG Oncology through each applicable vesting date under the grant terms.
When do the CGON stock options granted to Kasturi Vijay expire?
The employee stock options granted to Kasturi Vijay expire on April 14, 2036. After that expiration date, any unexercised options become void, and Vijay would no longer have the right to purchase CG Oncology common stock under this specific grant.