Director for Cogent Biosciences (NASDAQ: COGT) granted 17,901 stock options
Rhea-AI Filing Summary
Cogent Biosciences, Inc. reported that director Peter Evan Harwin was granted a stock option covering 17,901 shares of common stock at an exercise price of $31.98 per share. The option expires on June 9, 2036.
The option vests in full on the earlier of the first anniversary of the grant date or the 2027 Annual Meeting of Stockholders, subject to his continued service. According to the disclosed arrangement, the option is held for investment vehicles managed by Fairmount Funds Management LLC, and Harwin is required to turn over any net cash or stock to the adviser, so he disclaims beneficial ownership.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 17,901 | $0.00 | -- |
Footnotes (1)
- This stock option shall vest in full upon the earlier of the first anniversary of the date of grant or the date of the 2027 Annual Meeting of Stockholders, subject to the Reporting Person's continued service to the Issuer through such date. Under the Reporting Person's arrangement with Fairmount Funds Management LLC (the "Adviser"), the Reporting Person holds the option for one or more investment vehicles managed by the Adviser (each, a "Fairmount Fund"). The Reporting Person is obligated to turn over to the Adviser any net cash or stock received from the option for the benefit of such Fairmount Fund. The Reporting Person therefore disclaims beneficial ownership of the option and underlying common stock.
Key Figures
Key Terms
Stock Option (Right to Buy) financial
beneficial ownership financial
Annual Meeting of Stockholders financial
investment vehicles financial
FAQ
What did the Cogent Biosciences (COGT) Form 4 report for Peter Evan Harwin?
The Form 4 reports a grant of a stock option to director Peter Evan Harwin for 17,901 shares at an exercise price of $31.98 per share. The option was awarded as compensation and represents a right to buy Cogent Biosciences common stock in the future.
When do the newly granted Cogent Biosciences stock options to Peter Evan Harwin vest?
The stock option vests in full on the earlier of the first anniversary of the grant date or the 2027 Annual Meeting of Stockholders. Vesting is conditioned on Harwin’s continued service to Cogent Biosciences through the applicable vesting date.
What is the exercise price and expiration date of the Cogent Biosciences options granted?
The granted stock option has an exercise price of $31.98 per share and an expiration date of June 9, 2036. This gives a long-dated right to purchase Cogent Biosciences common stock at that fixed price if the option vests.
Does Peter Evan Harwin personally benefit from the Cogent Biosciences option grant?
According to the filing, Harwin holds the option for investment vehicles managed by Fairmount Funds Management LLC. He must turn over any net cash or stock from the option to the adviser and therefore disclaims beneficial ownership of the option and underlying common stock.
How many Cogent Biosciences derivative securities does this Form 4 show after the transaction?
After this grant, the Form 4 shows Harwin holding 17,901 derivative securities in the form of a stock option. This total reflects the newly awarded option position reported in the filing following the acquisition transaction.