CytomX (CTMX) director Elaine Jones awarded 59,000 stock options at $2.96 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CytomX Therapeutics, Inc. reported that director Elaine V. Jones received a stock option grant. She was awarded options to acquire 59,000 shares of common stock at an exercise price of $2.96 per share, giving her rights to buy shares at that price in the future.
After this grant, she holds 59,000 derivative securities linked to common stock. According to the terms, all 59,000 option shares will vest in full on the earlier of the first anniversary of the grant date or the date of the 2027 annual stockholder meeting, assuming she continues serving as a director until that vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jones Elaine V
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
Options granted: 59,000 options
Exercise price: $2.96 per share
Underlying shares: 59,000 shares
+1 more
4 metrics
Options granted
59,000 options
Stock Option (Right to Buy) grant to director
Exercise price
$2.96 per share
Conversion or exercise price of options
Underlying shares
59,000 shares
Common stock underlying the stock options
Option expiration
June 16, 2036
Expiration date of stock option grant
Key Terms
Stock Option (Right to Buy), exercise price, vest in full, 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: 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.
vest in full financial
"100% of the shares subject to the option shall vest in full"
Annual Meeting of the Issuer's stockholders regulatory
"the date of the 2027 Annual Meeting of the Issuer's stockholders"
FAQ
What did CytomX Therapeutics (CTMX) disclose in this Form 4?
CytomX disclosed a stock option grant to director Elaine V. Jones. She received options for 59,000 shares of common stock at an exercise price of $2.96 per share, increasing her equity-linked compensation position.
How many CytomX (CTMX) options did Elaine V. Jones receive?
Elaine V. Jones received a grant of 59,000 stock options. Each option is exercisable into one share of CytomX common stock, giving her potential future ownership of up to 59,000 shares if she chooses to exercise.
What is the exercise price of the new CTMX stock options?
The new stock options for Elaine V. Jones have an exercise price of $2.96 per share. This is the fixed price at which she can buy CytomX common shares once the options vest and are exercised.
When do Elaine V. Jones’s CTMX options vest?
All 59,000 options will vest in full on the earlier of the first anniversary of the grant date or the 2027 annual meeting. Vesting is conditioned on her continuous service as a director until that vesting date.
Is this CTMX Form 4 an open-market purchase or sale?
No, this Form 4 reflects a grant/award acquisition of stock options, not an open-market trade. The options were granted as compensation, so no buy or sell transaction occurred in the market.