Director Philip Kantoff receives 45,000 CNTX stock options at $0.576 exercise price
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Context Therapeutics Inc. director Philip W. Kantoff reported a new stock option grant. He received options to buy 45,000 shares of common stock at an exercise price of $0.5760 per share, bringing his reported derivative holdings in this grant to 45,000 options.
The option vests and becomes exercisable on the earlier of June 24, 2027, 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. The options expire on June 23, 2036. This is a compensation-related award, not an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kantoff Philip W.
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: $0.5760 per share
Post-grant derivative holdings in this award: 45,000 options
+3 more
6 metrics
Option grant size
45,000 options
Stock Option (right to buy) granted to director Philip W. Kantoff
Exercise price
$0.5760 per share
Conversion or exercise price of the stock options
Post-grant derivative holdings in this award
45,000 options
Total shares underlying options following the transaction
Vesting date trigger
June 24, 2027
Earlier of one-year anniversary or 2027 annual meeting, subject to service
Alternative vesting trigger
2027 annual meeting
Vests on earlier of June 24, 2027 or 2027 annual meeting
Option expiration
June 23, 2036
Expiration date of the stock options
Key Terms
Stock Option (right to buy), Grant, award, or other acquisition, vests and becomes exercisable, expiration date, +1 more
5 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"
vests and becomes exercisable financial
"The option vests and becomes exercisable on the earlier of"
expiration date financial
"expiration_date: 2036-06-23T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
underlying security financial
"underlying_security_title: Common Stock"
FAQ
What did Context Therapeutics (CNTX) director Philip W. Kantoff report on this Form 4?
Philip W. Kantoff reported receiving a stock option grant for 45,000 shares of Context Therapeutics common stock. The options are a compensation-related award, not an open-market stock purchase or sale, and give him the right to buy shares at a fixed exercise price.
How many Context Therapeutics (CNTX) options did Philip W. Kantoff receive?
He received stock options covering 45,000 shares of Context Therapeutics common stock. These derivative securities give him the right to purchase shares in the future at a preset exercise price, subject to the vesting schedule and continued service conditions described in the filing footnote.
What is the exercise price of Philip W. Kantoff’s CNTX stock options?
The options have an exercise price of $0.5760 per share. This means Kantoff can buy Context Therapeutics common shares at $0.5760 once the options vest, provided he remains in service and exercises them before the June 23, 2036 expiration date.
When do Philip W. Kantoff’s Context Therapeutics options vest?
The options vest on the earlier of June 24, 2027 or Context Therapeutics’ 2027 annual meeting of stockholders. Vesting is also subject to Kantoff’s continued service with the company, so leaving before these dates could affect his ability to exercise the grant.
When do Philip W. Kantoff’s CNTX stock options expire?
The options expire on June 23, 2036, giving Kantoff a multi-year window to exercise after they vest. If he does not exercise by the expiration date, the right to buy Context Therapeutics shares at the $0.5760 exercise price will lapse.