CytomX (CTMX) director receives 59,000 stock options at $2.96
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CytomX Therapeutics, Inc. director James R. Meyers received a grant of stock options covering 59,000 shares of common stock. The options have an exercise price of $2.96 per share and expire on June 16, 2036.
According to the award terms, 100% of the options will vest on the earlier of the first anniversary of the grant date or the 2027 Annual Meeting of stockholders, assuming he continues to serve as a director through that date. Following this grant, he holds 59,000 derivative securities directly, reflecting a compensation-related award rather than an open‑market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Meyers James R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 59,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 59,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 59,000 options
Exercise price: $2.96 per share
Underlying shares: 59,000 shares
+3 more
6 metrics
Option grant size
59,000 options
Stock Option (Right to Buy) granted to director
Exercise price
$2.96 per share
Conversion or exercise price of options
Underlying shares
59,000 shares
Common stock underlying the options
Post-transaction holdings
59,000 derivative securities
Total options held following transaction
Option expiration
June 16, 2036
Expiration date of stock options
Vesting condition
100% by first anniversary or 2027 meeting
Requires continuous director service until vesting date
Key Terms
Stock Option (Right to Buy), exercise price, expiration date, Annual Meeting of the Issuer's stockholders, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
exercise price financial
"conversion_or_exercise_price: 2.9600"
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.
expiration date financial
"expiration_date: 2036-06-16T00:00:00.000Z"
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.
Annual Meeting of the Issuer's stockholders financial
"earlier of the first anniversary of the grant date or (ii) the date of the 2027 Annual Meeting"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did CytomX (CTMX) director James R. Meyers receive in this Form 4?
Director James R. Meyers received a grant of stock options for 59,000 shares of CytomX common stock. These options are a compensation-related award, not an open-market purchase, and give him the right to buy shares at a fixed exercise price.
What is the exercise price of the new CytomX (CTMX) stock options?
The stock options granted to James R. Meyers have an exercise price of $2.96 per share. This means he can buy CytomX common stock at $2.96 once the options vest and before they expire, regardless of the market price at that time.
When do James R. Meyers’ CytomX (CTMX) options vest?
All 59,000 options vest 100% on the earlier of the first anniversary of the grant date or the 2027 Annual Meeting of CytomX stockholders. Vesting requires continuous service as a director through that vesting date under the award’s terms.
When do the CytomX (CTMX) stock options granted to James R. Meyers expire?
The granted stock options expire on June 16, 2036. After that expiration date, James R. Meyers can no longer exercise these options to purchase CytomX common shares, even if they are fully vested and otherwise exercisable before then.
Is this CytomX (CTMX) Form 4 an open-market stock purchase or a compensation grant?
This Form 4 reflects a compensation grant, not an open‑market purchase. The transaction code is “A,” described as a grant, award, or other acquisition of derivative securities, with 59,000 stock options awarded at a $2.96 exercise price.
How many CytomX (CTMX) derivative securities does James R. Meyers hold after this grant?
After the reported transaction, James R. Meyers holds 59,000 derivative securities related to CytomX common stock. These represent the full amount of stock options granted in this filing, held directly, subject to the vesting and expiration terms disclosed.