Cingulate grants options to its chief medical officer
Cingulate Inc. granted stock options to EVP and Chief Medical Officer Matthew Brams on July 16, 2026.
Rhea-AI Filing Summary
Cingulate Inc. granted stock options to EVP and Chief Medical Officer Matthew Brams on July 16, 2026. He received options to purchase 53,600 and 26,400 shares of common stock at an exercise price of $4.43 per share, expiring on July 16, 2036.
Both option grants vest 25% on March 31, 2027, with the remainder vesting in substantially equal monthly installments over 36 months. The 26,400-share option becomes exercisable only if the issuer’s NDA for CTx-1301 is approved by the FDA during 2027, otherwise the entire option terminates.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to Buy) F1 | 53,600 | $0.00 | $0.00 |
| Grant/Award | Stock Option (right to Buy) F1, F2, F3 | 26,400 | $0.00 | $0.00 |
Footnotes (3)
- F1. The option vests as follows: 25% on March 31, 2027 and the remaining shares in substantially equal monthly installments over the 36-month period following the initial vesting date.
- F2. Vested option only becomes exercisable if the Issuer's NDA for CTx-1301 is approved by the FDA during 2027.
- F3. If the Issuer's NDA for CTx-1301 is not approved by the FDA during 2027, the option, including any vested portion, shall terminate.
Key Figures
Key Terms
stock option financial
vests financial
NDA regulatory
CTx-1301 medical
exercisable financial
FAQ
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What insider transaction did Cingulate Inc. (CING) report for Matthew Brams?
What are the vesting terms of the new stock options granted by Cingulate (CING)?
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Are the new Cingulate (CING) stock option grants to Matthew Brams immediately exercisable?
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