Corbus Pharmaceuticals (CRBP) CMO awarded RSUs and stock options in 2026 grant
Rhea-AI Filing Summary
Corbus Pharmaceuticals Holdings, Inc.'s Chief Medical Officer, Dominic Smethurst, reported equity awards received on January 14, 2026. He was granted 28,365 restricted stock units (RSUs) that will settle in common shares, with 25% vesting on each of the first four anniversaries beginning January 14, 2027, and a pro rata acceleration feature if his service is terminated by the company without cause after the first vesting date. He also received an annual stock option award for 85,095 shares at an exercise price of $8.26 per share, vesting 25% on January 14, 2027 and the remaining 75% in equal monthly installments over 36 months starting February 14, 2027. Following these transactions, he beneficially owned 99,172 shares of common stock, including 93,065 unvested RSUs subject to their existing vesting schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock options (right to buy) | 85,095 | $0.00 | -- |
| Grant/Award | Common Stock, par value $0.0001 per share | 28,365 | $0.00 | -- |
Footnotes (1)
- On January 14, 2026, the Reporting Person was granted 28,365 restricted stock units ("RSUs"), which will be settled in shares of common stock, par value $0.0001. 25% of the RSUs shall vest on each of the first, second, third and fourth anniversary beginning on January 14, 2027. Notwithstanding the foregoing, upon termination of the Reporting Person's Service by the Company without cause, provided that such termination occurs after the first Vesting Date, then a pro rata portion of the RSUs shall accelerate in an amount equal to the product of (x) the number of RSUs scheduled to vest on the next Vesting Date and (y) a fraction, the numerator of which is the number of completed months of service the Awardee worked since the most recent Vesting Date through the date of Awardees termination of Service and the denominator of which is 12. The RSUs, to the extent not accelerated in accordance with this paragraph shall be forfeited upon such Reporting Person's termination of service. This amount includes 93,065 unvested RSUs subject to each grant's vesting schedule as previously reported. The annual option award was made in accordance with the terms of the issuer's 2024 Equity Compensation Plan. 25% of the option vests on January 14, 2027, with the remaining 75% of the option vesting in equal monthly installments over a period of 36 months commencing on February 14, 2027.
FAQ
What insider activity did CRBP's Chief Medical Officer report?
Corbus Pharmaceuticals Holdings, Inc.'s Chief Medical Officer, Dominic Smethurst, reported receiving grants of restricted stock units (RSUs) and stock options on January 14, 2026, rather than selling shares.
How many RSUs were granted to Dominic Smethurst in this Form 4 for CRBP?
Dominic Smethurst was granted 28,365 RSUs, which will be settled in shares of Corbus Pharmaceuticals Holdings, Inc. common stock, with 25% vesting each year on the first four anniversaries beginning January 14, 2027.
What stock option award was disclosed for CRBP's Chief Medical Officer?
The filing shows an annual stock option grant for 85,095 shares of Corbus Pharmaceuticals Holdings, Inc. common stock at an exercise price of $8.26 per share, vesting 25% on January 14, 2027 and the remaining 75% in equal monthly installments over 36 months starting February 14, 2027.
Is there any acceleration feature in the RSU grant for CRBP's Chief Medical Officer?
Yes. If Corbus Pharmaceuticals terminates Dominic Smethurst's service without cause after the first vesting date, a pro rata portion of the RSUs scheduled to vest on the next vesting date will accelerate based on completed months of service, with any remaining unvested RSUs forfeited.
Under what plan were the stock options to the CRBP officer granted?
The stock options were granted as an annual award under the issuer's 2024 Equity Compensation Plan, with a vesting schedule starting on January 14, 2027 and continuing monthly thereafter.