Cogent Biosciences (COGT) director takes options in lieu of cash
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cogent Biosciences director Karen Jean Ferrante reported receiving a grant of stock options as compensation. On July 1, 2026, she was awarded 627 stock options to buy Cogent Biosciences common stock at an exercise price of $38.48 per share.
The options were issued under the company’s non-employee director compensation plan after she elected to take equity instead of cash fees for the quarter. These options expire on July 1, 2036, and following the grant she holds 627 derivative securities directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ferrante Karen Jean
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 627 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 627 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 627 options
Exercise price: $38.48 per share
Underlying shares: 627 shares
+2 more
5 metrics
Options granted
627 options
Stock option grant on July 1, 2026
Exercise price
$38.48 per share
Stock option exercise price
Underlying shares
627 shares
Common stock underlying the options
Expiration date
July 1, 2036
Option expiration for this grant
Derivative holdings after grant
627 options
Total derivative securities following transaction
Key Terms
Stock Option (Right to Buy), non-employee director compensation plan, Black-Scholes value
3 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
non-employee director compensation plan financial
"pursuant to the Issuer's non-employee director compensation plan"
Black-Scholes value financial
"by dividing the cash compensation otherwise payable with respect to the quarter by the Black-Scholes value of a single option"
FAQ
What did Karen Jean Ferrante report in her latest Cogent Biosciences (COGT) Form 4?
Karen Jean Ferrante reported receiving a grant of 627 stock options to buy Cogent Biosciences common stock at $38.48 per share. The options were issued as quarterly director compensation in equity rather than cash and expire on July 1, 2036.
How many Cogent Biosciences (COGT) options did Karen Jean Ferrante receive?
She received 627 stock options as part of her non-employee director compensation. These options give her the right to purchase 627 shares of Cogent Biosciences common stock at a fixed exercise price, aligning her compensation with the company’s long-term performance.
What is the exercise price of Karen Jean Ferrante’s Cogent Biosciences (COGT) stock options?
The exercise price of her stock options is $38.48 per share. This means she can later buy Cogent Biosciences common stock at $38.48 regardless of future market price, subject to the option terms and the July 1, 2036 expiration date.
Why did Karen Jean Ferrante receive Cogent Biosciences (COGT) options instead of cash?
She elected to take stock options in lieu of cash fees under Cogent Biosciences’ non-employee director compensation plan. The number of options was calculated by dividing the cash compensation for the quarter by the Black-Scholes value of a single option at grant.
When do Karen Jean Ferrante’s Cogent Biosciences (COGT) stock options expire?
Her stock options expire on July 1, 2036, giving a long-term window to exercise the right to buy shares. After that date, any unexercised options become worthless and can no longer be converted into Cogent Biosciences common stock.