Cogent Biosciences (COGT) director linked to option grant for funds
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cogent Biosciences, Inc. director Christopher W. Cain is associated with a grant of stock options covering 17,901 shares of common stock at an exercise price of $31.98 per share. The option expires on June 9, 2036 and vests in full upon the earlier of the first anniversary of the grant date or the 2027 Annual Meeting of Stockholders, subject to continued service.
Under an arrangement with Fairmount Funds Management LLC, Cain holds this option for one or more Fairmount investment funds and must turn over any net cash or stock received for the benefit of those funds. He therefore disclaims beneficial ownership of the option and the underlying common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CAIN CHRISTOPHER W.
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)
- 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
Option size: 17,901 shares
Exercise price: $31.98 per share
Expiration date: June 9, 2036
+2 more
5 metrics
Option size
17,901 shares
Underlying common stock for granted stock option
Exercise price
$31.98 per share
Conversion or exercise price of stock option
Expiration date
June 9, 2036
Stock option expiration
Shares following transaction
17,901 options
Total derivative securities after grant
Vesting trigger
Earlier of 1-year anniversary or 2027 meeting
Full vesting condition, subject to continued service
Key Terms
Stock Option (Right to Buy), beneficial ownership, Annual Meeting of Stockholders, investment vehicles, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
beneficial ownership financial
"The Reporting Person therefore disclaims beneficial ownership of the option"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
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"
investment vehicles financial
"one or more investment vehicles managed by the Adviser (each, a "Fairmount Fund")"
Fairmount Funds Management LLC financial
"Under the Reporting Person's arrangement with Fairmount Funds Management LLC (the "Adviser")"
FAQ
What insider transaction did Cogent Biosciences (COGT) report on this Form 4?
Cogent Biosciences reported a grant of stock options linked to 17,901 shares of common stock. The options were associated with director Christopher W. Cain but are held for Fairmount Funds investment vehicles rather than for his personal economic benefit.
What are the key terms of the Cogent Biosciences (COGT) stock option grant?
The stock option covers 17,901 underlying common shares at a $31.98 exercise price and expires on June 9, 2036. It vests in full upon the earlier of the first anniversary of grant or the 2027 Annual Meeting of Stockholders, subject to continued service.
Who ultimately benefits from the Cogent Biosciences (COGT) option reported for Christopher W. Cain?
The option is held for one or more investment vehicles managed by Fairmount Funds Management LLC. Under Cain’s arrangement, any net cash or stock from the option must be turned over for the benefit of these Fairmount Funds, not retained personally.
Does Christopher W. Cain claim beneficial ownership of the Cogent Biosciences (COGT) option?
No. Cain expressly disclaims beneficial ownership of the stock option and the underlying common stock. He does so because the option is held for Fairmount Funds vehicles, and any net cash or stock from the option must benefit those investment funds instead.
How many Cogent Biosciences (COGT) derivative securities does the Form 4 show after this grant?
After the reported transaction, the Form 4 shows 17,901 derivative securities—stock options—following the transaction. These options relate to 17,901 underlying shares of Cogent Biosciences common stock and are associated with Cain’s role but economically benefit Fairmount-managed funds.