Curis (CRIS) CEO receives 110,090 employee stock options at $5.29
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CURIS INC President & CEO James E. Dentzer reported a compensation-related grant of employee stock options. He was awarded options to buy 110,090 shares of Curis common stock at an exercise price of $5.29 per share, expiring on July 6, 2036.
According to the filing, 25% of the original option shares vest on July 7, 2027, with an additional 6.25% of the original shares vesting each successive quarter until July 7, 2030. Following this grant, Dentzer holds options covering 110,090 underlying shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dentzer James E
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee stock option (right to buy) | 110,090 | $5.29 | $582K |
Holdings After Transaction:
Employee stock option (right to buy) — 110,090 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 110,090 shares
Exercise price: $5.29 per share
Underlying shares: 110,090 shares
+4 more
7 metrics
Option grant size
110,090 shares
Employee stock option covering Curis common stock
Exercise price
$5.29 per share
Conversion or exercise price of the option
Underlying shares
110,090 shares
Common stock underlying the employee stock option
Post-grant option holdings
110,090 derivative shares
Total shares following transaction in the Form 4
Initial vesting portion
25% of original shares
Vests on July 7, 2027 per footnote
Quarterly vesting portion
6.25% of original shares
Vests each successive quarter until July 7, 2030
Option expiration
July 6, 2036
Expiration date of the employee stock option
Key Terms
Employee stock option (right to buy), Common Stock, conversion or exercise price, vests, +1 more
5 terms
Employee stock option (right to buy) financial
"security_title: Employee stock option (right to buy)"
Common Stock financial
"underlying_security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
conversion or exercise price financial
"conversion_or_exercise_price: 5.2900"
vests financial
"The option grant described in this Form 4 filing vests as to 25% of the original shares"
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.
FAQ
What did Curis (CRIS) President & CEO James E. Dentzer report on this Form 4?
James E. Dentzer reported receiving an employee stock option grant. The award covers 110,090 underlying shares of Curis common stock as a compensation-related grant, not an open-market purchase or sale, and is held directly according to the Form 4 details.
What is the exercise price and expiration date of the Curis (CRIS) CEO’s stock options?
The options have an exercise price of $5.29 per share and expire on July 6, 2036. These terms define the price Dentzer must pay to buy shares and the final date the options can be exercised.
How do the newly granted Curis (CRIS) options vest for the CEO?
The option vests 25% of the original shares on July 7, 2027. An additional 6.25% of the original shares then vest each successive quarter until July 7, 2030, gradually making the entire grant exercisable over time.
Is this Curis (CRIS) Form 4 an open-market stock purchase or sale?
No, this Form 4 reports a grant of employee stock options, not an open-market trade. The transaction code is “A” for a grant or award, reflecting compensation rather than a discretionary buy or sell in the market.