Curis (CRIS) CDO Jonathan Zung receives 48,285 stock options at $5.29 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CURIS INC Chief Development Officer Jonathan B. Zung received a grant of employee stock options covering 48,285 shares of common stock at an exercise price of $5.29 per share. These options expire on July 6, 2036 and represent his entire reported option position in this filing.
The grant vests over time. According to the terms, 25% of the original option shares vest on July 7, 2027, with an additional 6.25% vesting each successive quarter until July 7, 2030. This structure ties a significant portion of his compensation to the company’s long-term stock performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zung Jonathan B.
Role
CDO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee stock option (right to buy) | 48,285 | $5.29 | $255K |
Holdings After Transaction:
Employee stock option (right to buy) — 48,285 shares (Direct, null)
Footnotes (1)
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Key Figures
Option grant size: 48,285 options
Exercise price: $5.29 per share
Post‑grant derivative holdings: 48,285 options
+3 more
6 metrics
Option grant size
48,285 options
Employee stock option grant to CDO Jonathan B. Zung
Exercise price
$5.29 per share
Strike price for the 48,285 CURIS common stock options
Post‑grant derivative holdings
48,285 options
Total options held following this reported transaction
Initial vesting date
July 7, 2027
25% of original option shares vest on this date
Quarterly vesting rate
6.25% of original shares
Additional vesting each quarter until July 7, 2030
Option expiration
July 6, 2036
Expiration date of the employee stock option grant
Key Terms
Employee stock option, exercise price, vesting, expiration date
4 terms
Employee stock option financial
"Employee stock option (right to buy)"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
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.
vesting financial
"vests as to 25% of the original 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.
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 INC (CRIS) disclose about Jonathan Zung in this Form 4?
CURIS INC reported that Chief Development Officer Jonathan B. Zung received an employee stock option grant for 48,285 shares. The options are tied to CURIS common stock and are structured as long-term equity compensation rather than an immediate cash transaction or open-market stock purchase.
How many CURIS INC (CRIS) options were granted to Jonathan Zung and at what price?
Jonathan Zung was granted options on 48,285 shares of CURIS common stock at an exercise price of $5.29 per share. This means he can buy shares at that fixed price once the options vest, subject to the grant’s vesting schedule and expiration date.
When do Jonathan Zung’s CURIS INC (CRIS) stock options vest?
The option grant vests 25% of the original shares on July 7, 2027. After that, an additional 6.25% of the original 48,285 shares vests each successive quarter until July 7, 2030, creating a multi‑year, performance-tied incentive for the executive.
What is the expiration date of Jonathan Zung’s CURIS INC (CRIS) option grant?
The employee stock option grant to Jonathan Zung expires on July 6, 2036. If he does not exercise the 48,285 options by that date, they lapse. The long duration provides an extended window to benefit from potential stock appreciation, subject to vesting.