Crinetics Pharmaceuticals (CRNX) grants CCO 89,000 share awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crinetics Pharmaceuticals, Inc. reported that Chief Commercial Officer Isabel Kalofonos received new equity awards on February 23, 2026. She was granted stock options for 55,000 shares of common stock at an exercise price of $0.00 and 34,000 shares of common stock as restricted stock units.
The restricted stock units represent the right to receive common shares, with 25% vesting annually beginning on March 1, 2027. The stock option vests in forty-eight equal monthly installments starting from February 23, 2026, aligning the CCO’s compensation with long-term company performance through time-based vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kalofonos Isabel
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 55,000 | $0.00 | -- |
| Grant/Award | Common Stock | 34,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 55,000 shares (Direct);
Common Stock — 34,834 shares (Direct)
Footnotes (1)
- 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 March 1, 2027. The stock option shall vest and become exercisable in a series of forty-eight (48) successive equal monthly installments measured from the vesting commencement date of February 23, 2026.
FAQ
What equity awards did CRNX grant to its Chief Commercial Officer?
Crinetics Pharmaceuticals granted Chief Commercial Officer Isabel Kalofonos 55,000 stock options and 34,000 restricted stock units. These awards provide rights to acquire common stock over time, tying a portion of her compensation to the company’s future share performance and continued service.
How do Isabel Kalofonos’s new stock options at CRNX vest over time?
The 55,000 stock options granted to Isabel Kalofonos vest in forty-eight equal monthly installments. Vesting begins from the commencement date of February 23, 2026, meaning a portion of the options becomes exercisable each month over a four-year period, subject to continued service.
How do the restricted stock units granted to CRNX’s CCO vest?
The 34,000 restricted stock units vest with 25% becoming earned each year. Vesting starts on March 1, 2027, so the award will fully vest in four annual installments, assuming continued service, gradually delivering common shares to the Chief Commercial Officer over that timeframe.
Are the CRNX insider transactions open-market purchases or compensation grants?
The transactions for Isabel Kalofonos are compensation-related grants rather than open-market purchases. They consist of stock options and restricted stock units awarded at a price of $0.00 per share, reflecting equity incentives provided by Crinetics Pharmaceuticals as part of her executive compensation package.