Context Therapeutics (CNTX) awards 290,000 stock options to Chief Medical Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Context Therapeutics Inc. reported that Chief Medical Officer Karen Deborah Chagin acquired a grant of stock options covering 290,000 shares of the company’s stock. The options carry a reported exercise price of $0.0000 per share and are held as direct derivative securities.
According to the vesting terms, 25% of the option award vests and becomes exercisable on February 19, 2027, with the remaining balance vesting in equal monthly installments over the following three years, contingent on her continued service with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chagin Karen Deborah
Role
Chief Medical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 290,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 290,000 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did CNTX report for Karen Deborah Chagin?
Context Therapeutics reported that Chief Medical Officer Karen Deborah Chagin received a grant of stock options for 290,000 shares. The options are derivative securities with a stated exercise price of $0.0000 per share and are held directly in her name as part of her compensation.
How many stock options were granted to the CNTX Chief Medical Officer?
The Chief Medical Officer of CNTX, Karen Deborah Chagin, was granted stock options covering 290,000 shares. These options represent a right to buy company stock and are structured as a long-term equity incentive, subject to a multi-year vesting schedule tied to continued service.
What is the vesting schedule for Karen Deborah Chagin’s CNTX stock options?
The option grant vests over four years. Twenty-five percent vests and becomes exercisable on February 19, 2027, while the remaining 75% vests in equal monthly installments over the next three years, provided she continues her service with Context Therapeutics during that period.
What is the exercise price of the CNTX stock options granted to the CMO?
The stock options granted to CNTX’s Chief Medical Officer have a reported exercise price of $0.0000 per share. This means she can purchase the underlying shares at that stated price as the options vest and become exercisable according to the four-year vesting schedule.
How many CNTX derivative securities does Karen Deborah Chagin hold after this transaction?
After the reported grant, Karen Deborah Chagin holds 290,000 derivative securities in the form of stock options. This total reflects the newly awarded options and represents her direct beneficial ownership of these option rights following the Form 4 transaction filing by Context Therapeutics.
Is the CNTX option grant to the CMO subject to continued service conditions?
Yes. The option grant to CNTX’s Chief Medical Officer is subject to continued service with the company. Twenty-five percent vests on February 19, 2027, and the remaining options vest in equal monthly installments over three additional years only if her service continues throughout that timeframe.