Delcath (DCTH) awards director 22,500 options at $11.61 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DELCATH SYSTEMS, INC. director Aharon Gil received a grant of stock options covering 22,500 shares of common stock. The options have an exercise price of $11.61 per share and were awarded as compensation, not through an open-market purchase or sale.
The grant vests in equal monthly installments of one-twelfth of the total, starting on May 13, 2026, so long as Gil remains a director and subject to the company’s 2020 Omnibus Equity Incentive Plan. Any unexercised options will expire the earlier of 10 years from grant or two years after service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Aharon Gil
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 22,500 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 22,500 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock options granted: 22,500 options
Exercise price: $11.61 per share
Underlying shares: 22,500 shares
+3 more
6 metrics
Stock options granted
22,500 options
Grant to director Aharon Gil
Exercise price
$11.61 per share
Stock option strike price
Underlying shares
22,500 shares
Common stock underlying options
Post-grant derivative holdings
22,500 derivative securities
Total options held after transaction
Vesting schedule
1/12 per month
Beginning May 13, 2026 while serving as director
Expiration limits
Earlier of 10 years or 2 years post-service
Option term and service-based limit
Key Terms
Stock Option (right to buy), 2020 Omnibus Equity Incentive Plan, vest, exercise price, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
2020 Omnibus Equity Incentive Plan financial
"subject to the terms and conditions of the Issuer's 2020 Omnibus Equity Incentive Plan, as amended"
vest financial
"The option will vest and become exercisable at the rate of one-twelfth (1/12th) per month"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
exercise price financial
"conversion_or_exercise_price: 11.6100"
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 financial
"The option will expire the earlier of 10 years from the grant date or, for vested options, two years from the last day of service."
FAQ
What did Delcath Systems (DCTH) director Aharon Gil report in this Form 4?
Director Aharon Gil reported receiving a grant of stock options for 22,500 shares of Delcath Systems common stock. These options were awarded as compensation, not purchased in the market, and give him the right to buy shares at a fixed exercise price.
How many Delcath Systems (DCTH) stock options were granted to Aharon Gil?
Aharon Gil was granted stock options covering 22,500 shares of Delcath Systems common stock. This entire amount represents a new award, and his total option holdings after the grant are 22,500 derivative securities according to the Form 4 transaction details.
What is the exercise price of Aharon Gil’s Delcath Systems (DCTH) stock options?
The granted stock options have an exercise price of $11.61 per share. This means Gil can choose to buy Delcath Systems common stock at $11.61 for each option that vests and remains unexpired, subject to the plan’s terms and his continued service.
How do Aharon Gil’s Delcath Systems (DCTH) options vest over time?
The options vest monthly at a rate of one-twelfth of the total grant, beginning on May 13, 2026. Vesting continues each month afterward for as long as Gil remains a director, consistent with the company’s 2020 Omnibus Equity Incentive Plan conditions.
When do Aharon Gil’s Delcath Systems (DCTH) stock options expire?
The options will expire on the earlier of two time limits: 10 years from the grant date, or for vested portions, two years from Gil’s last day of service as a director. Any options not exercised by then will lapse automatically.