Crinetics (NASDAQ: CRNX) CFO now holds 79,427 shares after RSU grant
Rhea-AI Filing Summary
Crinetics Pharmaceuticals, Inc. (CRNX) reported that Chief Financial & Infra. Ofcr. Tobin Schilke received a grant of 471 restricted stock units (RSUs) of common stock. These RSUs vest 25% annually beginning on September 1, 2027. Following this award, Schilke directly holds 79,427 shares of common stock, including 835 shares acquired through the company’s Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 471 shares
Net Buy
1 txn
Insider
Schilke Tobin
Role
Chief Financial & Infra. Ofcr.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 471 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 79,427 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 25% vesting annually beginning on September 1, 2027.
- F2. Includes 835 shares acquired under the Issuer's Employee Stock Purchase Plan.
Key Figures
Restricted stock units granted: 471 shares
Vesting schedule: 25% annually beginning September 1, 2027
Shares held after transaction: 79,427 shares
+2 more
5 metrics
Restricted stock units granted
471 shares
Grant of RSUs to Chief Financial & Infra. Ofcr. Tobin Schilke
Vesting schedule
25% annually beginning September 1, 2027
Vesting terms for the 471 RSUs
Shares held after transaction
79,427 shares
Direct ownership of Tobin Schilke following the RSU grant
ESPP shares included in holdings
835 shares
Portion of Schilke’s holdings acquired under Employee Stock Purchase Plan
Transaction price per share
$0.0000
Indicates RSU grant was received without cash consideration per share
Key Terms
restricted stock units, vesting, Employee Stock Purchase Plan, Rule 10b5-1
4 terms
restricted stock units financial
"The transaction reported on this line involves the receipt of restricted stock units, which"
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.
vesting financial
"represent the right to receive shares of the Issuer's Common Stock, with 25% vesting annually"
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.
Employee Stock Purchase Plan financial
"Includes 835 shares acquired under the Issuer's Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rule 10b5-1 regulatory
"aff_10b5_one is the filing's document-level Rule 10b5-1 checkbox"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did CRNX report for Tobin Schilke on this Form 4?
The filing reports that Tobin Schilke, Chief Financial & Infra. Ofcr., received a grant of 471 restricted stock units of Crinetics Pharmaceuticals, Inc. common stock, characterized as a grant, award, or other acquisition with no cash price per share listed.
When do Tobin Schilke’s newly granted CRNX restricted stock units begin vesting?
The 471 restricted stock units granted to Tobin Schilke begin vesting with 25% vesting annually starting on September 1, 2027. The remaining RSUs continue to vest in equal annual installments according to this schedule.
Was Tobin Schilke’s CRNX RSU grant reported as a 10b5-1 trading plan transaction?
No. The filing’s Rule 10b5-1 checkbox is shown as not affirmatively checked, and the footnotes do not state that this RSU grant was made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.