Director at CytomX (NASDAQ: CTMX) awarded 59,000 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CytomX Therapeutics director Matthew P. Young received a grant of stock options representing rights to buy 59,000 shares of common stock at an exercise price of $2.96 per share.
All 59,000 option shares will vest in full on the earlier of the first anniversary of the grant date or the 2027 Annual Meeting of CytomX stockholders, as long as he continues serving as a director until that vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Young Matthew P.
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 shares
Exercise price: $2.96 per share
Post-grant derivative holdings: 59,000 options
+1 more
4 metrics
Option grant size
59,000 shares
Stock Option (Right to Buy) granted to director
Exercise price
$2.96 per share
Conversion or exercise price of stock option
Post-grant derivative holdings
59,000 options
Total options held following transaction
Option expiration
June 16, 2036
Expiration date of granted stock options
Key Terms
Stock Option (Right to Buy), grant/award acquisition, conversion or exercise price, Annual Meeting of the Issuer's stockholders, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
grant/award acquisition financial
"transaction_action: grant/award acquisition"
conversion or exercise price financial
"conversion_or_exercise_price: 2.9600"
Annual Meeting of the Issuer's stockholders financial
"earlier of the first anniversary ... or (ii) the date of the 2027 Annual Meeting of the Issuer's stockholders"
continuous service as a director financial
"assuming continuous service as a director until such vesting date"
FAQ
What insider transaction did CytomX (CTMX) report for Matthew P. Young?
CytomX reported that director Matthew P. Young received a grant of stock options for 59,000 shares of common stock. These options were granted at an exercise price of $2.96 per share as part of his compensation for board service.
What is the size and exercise price of the new CytomX (CTMX) stock options?
The grant covers options on 59,000 shares of CytomX common stock at an exercise price of $2.96 per share. This gives the director the right to buy shares at that fixed price once the options vest.
When do Matthew P. Young’s CytomX (CTMX) stock options vest?
The options vest 100% on the earlier of the first anniversary of the grant date or the date of the 2027 Annual Meeting of CytomX stockholders. Vesting requires his continuous service as a director through that date.
What does the Form 4 say about Matthew P. Young’s holdings after this CytomX grant?
After the transaction, the Form 4 shows Matthew P. Young holding 59,000 stock options directly. These options are derivatives that can be exercised into shares of common stock once they have vested under the stated terms.
Is this CytomX (CTMX) Form 4 an open-market buy or a compensation grant?
This Form 4 reflects a compensation-related grant, not an open-market purchase. The transaction code “A” and description identify it as a grant or award acquisition of stock options granted at a $2.96 exercise price.