Crinetics director granted stock and options
Crinetics Pharmaceuticals director Wendell Wierenga received new equity awards in the form of stock and options.
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Form Type
4
Rhea-AI Filing Summary
Crinetics Pharmaceuticals director Wendell Wierenga received new equity awards in the form of stock and options. He was granted 5,925 shares of Common Stock as restricted stock units at no cost, bringing his direct holdings to 122,071 shares after the grant.
He also received a stock option covering 9,730 shares of Common Stock with an exercise price of $35.87 per share and an expiration date in 2036. Both the restricted stock units and the option vest 100% on the earlier of the first anniversary of the June 18, 2026 grant date or the next annual stockholder meeting, subject to his continued service on the board.
Insider Trade Summary
Grant/Award: 15,655 shares
Grant/Award
2 txns
Insider
WIERENGA WENDELL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 9,730 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 5,925 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 9,730 contracts (Direct);
Common Stock — 122,071 shares (Direct)
Footnotes (2)
- F1. The transaction reported on this line involves the receipt of restricted stock units, which represent the right to receive shares of the Issuer's Common Stock, with 100% vesting on the earlier of (a) the first anniversary of the grant date or (b) the next occurring annual meeting of the Issuer's stockholders, subject to the Reporting Person's continued service on the board of directors of the Issuer through such vesting date.
- F2. The stock option shall vest and become exercisable on the earlier of (a) the first anniversary of the grant date or (b) the next occurring annual meeting of the Issuer's stockholders, subject to the Reporting Person's continued service on the board of directors of the Issuer through such vesting date.
Key Figures
Restricted stock units granted: 5,925 shares
Option shares granted: 9,730 shares
Option exercise price: $35.87 per share
+2 more
5 metrics
Restricted stock units granted
5,925 shares
Common Stock RSUs granted on June 18, 2026
Option shares granted
9,730 shares
Stock option covering Common Stock
Option exercise price
$35.87 per share
Stock option strike price
Shares held after grant
122,071 shares
Common Stock directly held following RSU grant
Option expiration
2036-06-18
Option expiration date
Key Terms
restricted stock units, stock option, exercise price, vest, +1 more
5 terms
restricted stock units financial
"involves the receipt of restricted stock units, which represent the right to receive shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
stock option financial
"The stock option shall vest and become exercisable on the earlier of"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
exercise price financial
"Stock Option (Right to Buy) with a conversion or exercise price of 35.8700"
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.
vest financial
"100% vesting on the earlier of (a) the first anniversary of the grant date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual meeting of the Issuer's stockholders regulatory
"the next occurring annual meeting of the Issuer's stockholders, subject to the Reporting Person's continued service"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did CRNX director Wendell Wierenga receive in this Form 4?
He received 5,925 restricted stock units and a stock option for 9,730 shares of Common Stock. Both awards were granted at no upfront cost as compensation for board service, with future vesting conditions attached.
What is the exercise price and term of the new Crinetics (CRNX) stock option?
The new stock option covers 9,730 shares at an exercise price of $35.87 per share. The option expires in 2036, providing a long-dated opportunity to purchase shares if the vesting conditions are satisfied.
When do the new CRNX restricted stock units for Wendell Wierenga vest?
The restricted stock units vest 100% on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders. Vesting is conditioned on his continued service on the company’s board through that vesting date.
What are the vesting terms of the new Crinetics (CRNX) stock option?
The stock option vests and becomes exercisable 100% on the earlier of the first anniversary of the grant date or the next annual stockholder meeting. Vesting requires Wendell Wierenga to remain on the board through the applicable vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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