CytomX (CTMX) director Halley Gilbert receives 59,000 stock options at $2.96 strike
Rhea-AI Filing Summary
CytomX Therapeutics director Halley E. Gilbert received a new stock option grant for 59,000 shares of common stock at an exercise price of $2.96 per share. This is a compensation-related award, not an open-market purchase or sale.
The option vests in full on the earlier of the first anniversary of the grant date or the date of CytomX’s 2027 annual stockholder meeting, assuming continuous service as a director through that date. Following this grant, Gilbert is reported as holding 59,000 stock options directly.
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Insights
Routine director stock option grant with time-based vesting.
Director Halley E. Gilbert received a stock option covering 59,000 shares of CytomX Therapeutics common stock at an exercise price of $2.96 per share. The Form 4 characterizes this as a grant or award, typical for board compensation rather than a market trade.
The footnote states that 100% of the option will vest on the earlier of the first anniversary of the grant date or the company’s 2027 annual stockholder meeting, contingent on continued board service. This time-based vesting aligns the director’s incentives with longer-term company performance.
There are no sales or exercises reported, and 59,000 options are shown as the total held after the transaction. As a standard equity award without accompanying disposals, this event is generally viewed as administrative and does not materially alter the investment thesis.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 59,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. 100% of the shares subject to the option shall vest in full 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, assuming continuous service as a director until such vesting date.
Key Figures
Key Terms
Stock Option (Right to Buy) financial
Grant, award, or other acquisition financial
exercise price financial
expiration date financial
continuous service as a director regulatory
FAQ
What did CytomX Therapeutics (CTMX) director Halley E. Gilbert report on this Form 4?
How many CytomX Therapeutics (CTMX) options did Halley E. Gilbert receive and at what price?
When do Halley E. Gilbert’s CytomX (CTMX) stock options vest?
Is the CytomX (CTMX) Form 4 for Halley E. Gilbert a stock purchase or a compensation grant?
How many CytomX (CTMX) options does Halley E. Gilbert hold after this reported grant?
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