Context Therapeutics (CNTX) director receives grant of 45,000 stock options at $0.576
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Context Therapeutics Inc. director Andy Pasternak received a grant of stock options covering 45,000 shares of common stock. The options have an exercise price of $0.576 per share and expire on June 23, 2036. Following this grant, he holds 45,000 options directly.
The option vests and becomes exercisable on the earlier of June 24, 2027, which is the one-year anniversary of the grant date, or the company’s 2027 annual meeting of stockholders, subject to his continued service with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pasternak Andy
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 45,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 45,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 45,000 options
Exercise price: $0.576 per share
Underlying shares: 45,000 shares
+3 more
6 metrics
Option grant size
45,000 options
Stock Option (right to buy) granted to director
Exercise price
$0.576 per share
Exercise price for underlying common stock
Underlying shares
45,000 shares
Common stock underlying the option grant
Options after transaction
45,000 options
Total derivative holdings following this grant
Vesting date trigger
June 24, 2027
Earlier of this date or 2027 annual meeting
Expiration date
June 23, 2036
Option expiration if unexercised
Key Terms
Stock Option (right to buy), exercise price, vesting, annual meeting of stockholders
4 terms
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)""
exercise price financial
"conversion_or_exercise_price: "0.5760" 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
"The option vests and becomes exercisable on the earlier of..."
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.
annual meeting of stockholders financial
"the Issuer's 2027 annual meeting of stockholders, subject to continued service"
FAQ
What did CNTX director Andy Pasternak report in this Form 4 filing?
Andy Pasternak reported receiving a grant of stock options for 45,000 shares of Context Therapeutics common stock. These options are compensation-related, not an open-market share purchase or sale, and give him the right to buy shares at a fixed exercise price.
What is the exercise price of Andy Pasternak’s new CNTX stock options?
The granted stock options have an exercise price of $0.576 per share. This means Pasternak can buy Context Therapeutics common stock at $0.576 once the options vest and become exercisable, regardless of the market price at that time.
When do Andy Pasternak’s CNTX stock options vest and become exercisable?
The options vest on the earlier of June 24, 2027 or Context Therapeutics’ 2027 annual stockholder meeting. Vesting is contingent on Pasternak’s continued service with the company through that date, after which the options may be exercised.
How many CNTX options does Andy Pasternak hold after this transaction?
After this grant, Pasternak holds 45,000 stock options directly. All 45,000 options relate to Context Therapeutics common stock and were acquired in this single compensation-related grant reported in the Form 4 filing.
When do Andy Pasternak’s CNTX stock options expire if unexercised?
The options expire on June 23, 2036 if not exercised earlier. After this expiration date, Pasternak would no longer have the right to purchase Context Therapeutics common stock under this specific option grant.