Cogent Biosciences (COGT) director receives 17,901 stock options at $31.98 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cogent Biosciences, Inc. director Karen Jean Ferrante received a new stock option grant covering 17,901 shares of common stock. The option has an exercise price of $31.98 per share and expires on June 9, 2036.
According to the award terms, the option will vest in full on the earlier of the first anniversary of the grant date or the company’s 2027 Annual Meeting of Stockholders, provided she continues serving the company through that date. Following this grant, she holds 17,901 stock options 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) | 17,901 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 17,901 shares (Direct, null)
Footnotes (1)
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Key Figures
Option grant size: 17,901 options
Exercise price: $31.98 per share
Expiration date: June 9, 2036
+1 more
4 metrics
Option grant size
17,901 options
Stock Option (Right to Buy) granted to director
Exercise price
$31.98 per share
Stock option exercise price for Cogent Biosciences common stock
Expiration date
June 9, 2036
Option expiration for granted stock options
Post-grant holdings
17,901 options
Total derivative securities following this transaction
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: 31.9800"
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
"This stock option shall vest in full upon the earlier of the first anniversary"
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
"earlier of the first anniversary of the date of grant or the date of the 2027 Annual Meeting of Stockholders"
FAQ
What did Karen Jean Ferrante acquire in this Cogent Biosciences (COGT) Form 4?
Karen Jean Ferrante received a stock option grant for 17,901 shares of Cogent Biosciences common stock. The option is a compensation award, not an open-market purchase, and gives her the right to buy shares at a fixed exercise price.
What is the exercise price of the new Cogent Biosciences (COGT) stock options?
The granted stock options have an exercise price of $31.98 per share. This means Ferrante can buy Cogent Biosciences common stock at $31.98 once the options vest, regardless of the market price at that future time.
When do Karen Jean Ferrante’s Cogent Biosciences (COGT) options vest?
The options vest in full on the earlier of the first anniversary of the grant date or the 2027 Annual Meeting of Stockholders. Vesting is conditional on her continued service to Cogent Biosciences through that vesting date.
When do the newly granted Cogent Biosciences (COGT) stock options expire?
The stock options expire on June 9, 2036. After that expiration date, Ferrante can no longer exercise the options to purchase Cogent Biosciences common stock, even if they are fully vested and previously exercisable.
How many Cogent Biosciences (COGT) options does Ferrante hold after this grant?
Following this transaction, Ferrante holds 17,901 stock options directly. This figure reflects the total number of derivative securities reported in the Form 4 after the award, all tied to Cogent Biosciences common stock.
Is this Cogent Biosciences (COGT) Form 4 an open-market stock purchase or sale?
No, this Form 4 reports a grant of stock options as compensation, not an open-market trade. The transaction code “A” indicates a grant or award acquisition, with no shares bought or sold on the public market.