Damora Therapeutics (DMRA) director receives 37,313-share stock option grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Damora Therapeutics director Michael Landsittel received a stock option grant covering 37,313 shares of common stock. The option has an exercise price of $23.05 per share and expires on March 23, 2036. It vests in equal monthly installments through March 23, 2029, contingent on his continued service. Following this grant, he holds options for 37,313 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Landsittel Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 37,313 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 37,313 shares (Direct)
Footnotes (1)
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FAQ
What did Damora Therapeutics (DMRA) disclose about Michael Landsittel’s latest equity award?
Damora Therapeutics disclosed that director Michael Landsittel received a stock option grant for 37,313 shares of common stock. The award is part of his compensation and gives him the right to buy shares at a fixed exercise price if vesting conditions are met.
What is the exercise price and term of Michael Landsittel’s DMRA stock options?
The stock options have an exercise price of $23.05 per share and expire on March 23, 2036. This means Landsittel can choose to buy shares at $23.05 any time after vesting and before expiration, subject to the award’s terms.
How do Michael Landsittel’s Damora Therapeutics options vest over time?
The options vest in equal monthly installments through March 23, 2029, conditioned on Landsittel’s continued service to Damora Therapeutics. This gradual vesting schedule encourages ongoing board service and spreads potential share acquisition over several years rather than a single date.