Director at Context Therapeutics (CNTX) receives 45,000 stock options award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Context Therapeutics Inc. director Karen L. Smith reported receiving 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.
According to the grant terms, the option vests and becomes exercisable on the earlier of June 24, 2027 or the company’s 2027 annual meeting of stockholders, subject to her continued service. Following this award, she holds options to acquire 45,000 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Karen L.
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 shares
Exercise price: $0.576 per share
Expiration date: June 23, 2036
+3 more
6 metrics
Option grant size
45,000 shares
Stock Option (right to buy) granted to director
Exercise price
$0.576 per share
Option exercise price for common stock
Expiration date
June 23, 2036
Option expiration
Underlying shares
45,000 shares
Common stock underlying granted option
Holdings after grant
45,000 derivative securities
Total options held following transaction
Vesting date trigger
June 24, 2027
One-year anniversary of grant; earlier vesting trigger
Key Terms
Stock Option (right to buy), Grant, award, or other acquisition, annual meeting of stockholders, exercise price
4 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
annual meeting of stockholders financial
"the Issuer's 2027 annual meeting of stockholders, subject to continued service"
exercise price financial
"conversion_or_exercise_price: 0.5760"
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.
FAQ
What insider transaction did Context Therapeutics (CNTX) report for Karen L. Smith?
Context Therapeutics reported that director Karen L. Smith received a grant of stock options for 45,000 shares. These options are a compensation-related award rather than an open-market purchase or sale, and give her the right to buy common stock at a fixed exercise price.
What is the exercise price of Karen L. Smith’s Context Therapeutics (CNTX) options?
The stock options granted to Karen L. Smith have an exercise price of $0.576 per share. This is the fixed price at which she may buy Context Therapeutics common stock once the options have vested and before they expire in 2036.
When do Karen L. Smith’s Context Therapeutics (CNTX) stock options vest?
The options vest on the earlier of June 24, 2027 or Context Therapeutics’ 2027 annual meeting of stockholders. Vesting is also conditioned on her continued service with the company, meaning she must remain in her role through that time.
When do the newly granted Context Therapeutics (CNTX) stock options expire?
The stock options granted to Karen L. Smith expire on June 23, 2036. She may exercise vested options any time before that expiration date, subject to the plan terms and her continued eligibility under the award agreement.
Is Karen L. Smith’s Context Therapeutics (CNTX) Form 4 transaction a market buy or sell?
The Form 4 reports a grant of stock options, classified as a “Grant, award, or other acquisition.” It is not an open-market buy or sell but a compensation award that increases her potential future ownership through derivative securities.