Contineum Therapeutics (CTNM) grants stock options to CSO and spouse
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Contineum Therapeutics granted stock options to Chief Scientific Officer Lorrain Daniel S. on January 30, 2026 under its 2024 Equity Incentive Plan. The award covers options to buy 160,000 shares of Class A common stock at an exercise price of $14.26 per share, expiring on January 29, 2036. These options vest in equal monthly installments over 48 months, conditioned on the executive’s continued service.
An additional grant of stock options to purchase 6,500 shares of Class A common stock at $14.26 per share was made in connection with the continuous service of the executive’s spouse at the company. These options have the same 48‑month monthly vesting schedule and are reported as indirectly owned through the spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lorrain Daniel S.
Role
Chief Scientific Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 160,000 | $0.00 | -- |
| Grant/Award | Stock Option (right to buy) | 6,500 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 160,000 shares (Direct);
Stock Option (right to buy) — 6,500 shares (Indirect, By Spouse)
Footnotes (1)
- Options granted under the Issuer's 2024 Equity Incentive Plan (the "Plan"). The options shares vest in equal monthly installments over 48 months, subject to the Reporting Person's continuous service. Options granted under the Plan in connection with Reporting Person's spouse's continuous service at the Company. The options shares vest in equal monthly installments over 48 months, subject to the Reporting Person's spouse's continuous service.
FAQ
What stock options were granted to CTNM Chief Scientific Officer Lorrain Daniel S.?
The Chief Scientific Officer received stock options for 160,000 shares of Class A common stock at an exercise price of $14.26 per share. These options were granted under the 2024 Equity Incentive Plan and vest in equal monthly installments over 48 months, contingent on continued service.
What is the vesting schedule for the CTNM stock options reported by Lorrain Daniel S.?
Both the 160,000 and 6,500 stock option grants vest in equal monthly installments over 48 months. Vesting of the primary grant depends on the Chief Scientific Officer’s continuous service, while vesting of the spouse-related grant depends on the spouse’s continued employment at the company.
When do the Contineum Therapeutics options held by Lorrain Daniel S. expire?
The reported stock options, including those associated with the spouse, have an expiration date of January 29, 2036. This means they can be exercised at the $14.26 exercise price any time after vesting and before that expiration date, subject to plan and service conditions.
Are the CTNM options reported by Lorrain Daniel S. held directly or indirectly?
The 160,000 stock options are reported as held directly by the Chief Scientific Officer. The additional 6,500 options are reported as indirectly owned, described as held “By Spouse,” reflecting that they relate to the spouse’s continuous service at Contineum Therapeutics.
Under which plan were the CTNM options for Lorrain Daniel S. granted?
All reported options were granted under Contineum Therapeutics’ 2024 Equity Incentive Plan. The plan governs key terms such as vesting in equal monthly installments over 48 months, continuous service requirements, the $14.26 exercise price, and the January 29, 2036 expiration date.