CURIS INC (CRIS) director granted 6,800 non-qualified stock options at $5.29
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CURIS INC director Anne Elizabeth Borgman received a grant of non-qualified stock options, acquiring rights to purchase 6,800 shares of common stock at an exercise price of $5.29 per share. These options vest 100% on July 7, 2027 and expire on July 6, 2036. Following this grant, her reported derivative holdings from this award total 6,800 options, reflecting compensation-related equity rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Borgman Anne Elizabeth
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non Qualified Stock Option | 6,800 | $5.29 | $36K |
Holdings After Transaction:
Non Qualified Stock Option — 6,800 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 6,800 options
Exercise price: $5.29 per share
Underlying shares: 6,800 shares
+3 more
6 metrics
Options granted
6,800 options
Non-qualified stock option grant to director on July 7, 2026
Exercise price
$5.29 per share
Strike price for 6,800 non-qualified stock options
Underlying shares
6,800 shares
Common stock underlying the option grant
Vesting date
July 7, 2027
100% of underlying shares vest on this date
Expiration date
July 6, 2036
Option term end for this grant
Derivative holdings after grant
6,800 options
Total options reported following transaction
Key Terms
Non Qualified Stock Option, vesting, exercise price, expiration date, +1 more
5 terms
Non Qualified Stock Option financial
"security_title: "Non Qualified Stock Option""
vesting financial
"The option grant described in this Form 4 filing vests as to 100% of the underlying shares on July 7, 2027."
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.
exercise price financial
"conversion_or_exercise_price: "5.2900""
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.
expiration date financial
"expiration_date: "2036-07-06T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
underlying security financial
"underlying_security_title: "Common Stock""
FAQ
What did CURIS INC (CRIS) director Anne Borgman report in this Form 4?
Anne Elizabeth Borgman reported receiving a grant of non-qualified stock options for 6,800 shares of CURIS INC common stock. The options were awarded as compensation, not bought on the open market, and are tied to future vesting conditions and a long-dated expiration.
How many CURIS INC (CRIS) options were granted to Anne Borgman and at what price?
She was granted non-qualified stock options covering 6,800 shares of CURIS INC common stock at an exercise price of $5.29 per share. This price is the amount she would pay per share if she chooses to exercise the options after they vest.
When do Anne Borgman’s CURIS INC (CRIS) stock options vest and expire?
The option grant vests as to 100% of the underlying 6,800 shares on July 7, 2027. The options have an expiration date of July 6, 2036, after which any unexercised options will no longer be exercisable.
Are Anne Borgman’s CURIS INC (CRIS) option transactions open-market buys or compensation?
The Form 4 shows a transaction code "A" classified as a grant or award acquisition, meaning the 6,800 options were granted as compensation. This is not an open-market purchase and does not reflect a discretionary buy in the market.
How many CURIS INC (CRIS) options does Anne Borgman hold after this grant?
Following the reported grant, her total derivative holdings from this award are 6,800 non-qualified stock options. These options relate to an equal number of underlying common shares and become exercisable only after the full vesting date in 2027.