Damora Therapeutics (DMRA) insiders receive 37,313-share option grant via Fairmount
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Damora Therapeutics, Inc. reported a Form 4 showing a grant of stock options linked to Fairmount-managed investment vehicles. An option for 37,313 shares of common stock with a $23.05 exercise price was awarded and is held indirectly by Peter Harwin for one or more Fairmount funds.
The option vests in equal monthly installments through March 23, 2029, contingent on Harwin’s continued service to Damora. Under his arrangement with Fairmount, any net cash or stock from this option must be turned over to Fairmount for the benefit of the relevant Fairmount fund, and the parties disclaim beneficial ownership beyond their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fairmount Funds Management LLC, Fairmount Healthcare Fund II L.P., Fairmount Healthcare Co-Invest V L.P., Kiselak Tomas, Harwin Peter Evan
Role
Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | 10% Owner | Director, 10% Owner
| 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 (Indirect, By: Peter Harwin)
Footnotes (1)
- This option represents a right to purchase shares of common stock of the Issuer. This option will vest in equal monthly installments through March 23, 2029, subject to the Reporting Person's continued service to the Issuer on each such vesting date. Fairmount Funds Management LLC ("Fairmount") is the investment manager for Fairmount Healthcare Fund II LP ("Fund II") and Fairmount Healthcare Co-Invest V L.P. ("Co-Invest"). Peter Harwin and Tomas Kiselak are the managers of Fairmount. Under Mr. Harwin's arrangement with Fairmount, Mr. Harwin holds the option for one or more investment vehicles managed by Fairmount (each, a "Fairmount Fund"). Mr. Harwin is obligated to turn over to Fairmount any net cash or stock received from the option for the benefit of such Fairmount Fund. Fairmount, Mr. Harwin, and Mr. Kiselak disclaim beneficial ownership of any of the reported securities, except to the extent of their pecuniary interest therein.
FAQ
What insider transaction did Damora Therapeutics (DMRA) report on this Form 4?
Damora Therapeutics reported a grant of stock options. An option covering 37,313 shares of common stock was awarded with a $23.05 exercise price, held indirectly for Fairmount-managed investment vehicles rather than as a direct open-market purchase or sale by the individual.
Who is the primary beneficiary of the new Damora Therapeutics (DMRA) stock option grant?
The option is held for Fairmount funds, not personally. Although recorded under Peter Harwin, he holds the 37,313-share option for one or more Fairmount Healthcare funds and must deliver any net cash or stock to Fairmount for those investment vehicles’ benefit.
What are the key terms of the Damora Therapeutics (DMRA) option grant?
The grant covers 37,313 option shares at $23.05 each. The option represents a right to purchase Damora common stock and was issued at no cost on grant, with the stated exercise price applying if and when the option is exercised in the future.
How does the Damora Therapeutics (DMRA) option vest over time?
The option vests in equal monthly installments. Vesting continues through March 23, 2029, and each monthly vesting date requires Peter Harwin’s continued service to Damora Therapeutics, making the award contingent on ongoing involvement with the company over several years.
Does the Form 4 show an open-market buy or sell for Damora Therapeutics (DMRA)?
No open-market buy or sell is reported. The filing reflects a compensation-related option grant coded as an acquisition (A), with a zero grant price, rather than a purchase or sale of existing DMRA common shares on the open market.
How do Fairmount and its managers describe ownership of the Damora Therapeutics (DMRA) options?
They disclaim full beneficial ownership of the options. Fairmount, Peter Harwin, and Tomas Kiselak state that they disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest, emphasizing that the option is for Fairmount-managed investment vehicles.