Corvus Pharmaceuticals (CRVS) director receives grant of 15,000 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corvus Pharmaceuticals director Linda Grais received a grant of stock options as equity compensation. The Form 4 shows an award of 15,000 options to buy Common Stock at an exercise price of $11.6000 per share, expiring on June 11, 2036.
The underlying 15,000 shares vest and become exercisable 100% on the earlier of the first anniversary of the grant date or the company’s 2027 Annual Meeting of stockholders, assuming she continues to serve as a director through that vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Grais Linda
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 15,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 15,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock options granted: 15,000 options
Exercise price: $11.6000 per share
Underlying shares: 15,000 shares
+2 more
5 metrics
Stock options granted
15,000 options
Grant to director Linda Grais on June 11, 2026
Exercise price
$11.6000 per share
Stock Option (Right to Buy) for Common Stock
Underlying shares
15,000 shares
Common Stock underlying the option grant
Total options after grant
15,000 options
Total derivative securities owned following this transaction
Option expiration date
June 11, 2036
Expiration of Stock Option (Right to Buy)
Key Terms
Stock Option (Right to Buy), exercise price, vest and become exercisable, Annual Meeting of the Issuer's stockholders
4 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
exercise price financial
"conversion_or_exercise_price: 11.6000"
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 and become exercisable financial
"The underlying shares subject to the option vest and become exercisable as to 100% of the total number of shares"
Annual Meeting of the Issuer's stockholders financial
"on the earlier of (i) the first anniversary of the grant date or (ii) the date of the 2027 Annual Meeting of the Issuer's stockholders"
FAQ
What did Corvus Pharmaceuticals (CRVS) disclose in this Form 4 for Linda Grais?
Corvus Pharmaceuticals reported that director Linda Grais received a grant of 15,000 stock options. These options give her the right to buy Common Stock at a set price, reflecting standard equity-based director compensation rather than an open-market share purchase or sale.
How many Corvus Pharmaceuticals stock options were granted to Linda Grais and at what price?
Linda Grais was granted 15,000 stock options with an exercise price of $11.6000 per share. This means she can buy up to 15,000 shares of Common Stock at that fixed price once the options vest and are exercisable.
When do Linda Grais’s Corvus Pharmaceuticals stock options vest and become exercisable?
The options vest and become exercisable as to 100% of the 15,000 underlying shares on the earlier of the first anniversary of the grant date or the 2027 Annual Meeting. Vesting requires her continuous service as a director through that date.
When do the Corvus Pharmaceuticals stock options granted to Linda Grais expire?
The stock options granted to Linda Grais expire on June 11, 2036. After that expiration date, any unexercised options will lapse, and she will no longer have the right to purchase Common Stock at the $11.6000 exercise price.
Is Linda Grais’s Form 4 transaction a market purchase or sale of Corvus Pharmaceuticals shares?
The Form 4 reflects a grant of stock options, not a market purchase or sale of shares. It is categorized as a grant, award, or other acquisition, providing potential future share ownership rather than an immediate open-market transaction.