Design Therapeutics (DSGN) details 295,312 performance option shares vested
Rhea-AI Filing Summary
Design Therapeutics disclosed that its President, CEO and Chairperson, who also serves as a director, holds a stock option to purchase 525,000 shares of common stock at an exercise price of $2.48 per share, originally granted on September 1, 2023.
The option was subject to both time-based vesting and a specific performance condition. On December 9, 2025, the board determined that the performance condition had been met, causing 295,312 of these option shares to vest. The remaining unvested portion is scheduled to vest in equal monthly installments through August 25, 2027, as long as the executive continues to provide service to the company.
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FAQ
What insider equity award did Design Therapeutics (DSGN) disclose?
The company reported that its President, CEO and Chairperson holds a stock option to purchase 525,000 shares of common stock at an exercise price of $2.48 per share.
When was the Design Therapeutics (DSGN) stock option originally granted?
The option to purchase 525,000 shares of Design Therapeutics common stock was originally granted on September 1, 2023.
What performance condition affected vesting of the DSGN stock option?
The option’s vesting depended on a specific performance condition set by the company. On December 9, 2025, the board determined that this condition had been met, triggering partial vesting.
How many Design Therapeutics (DSGN) option shares vested when the performance condition was met?
When the board determined the performance condition had been satisfied on December 9, 2025, the option vested as to 295,312 shares of common stock.
What is the remaining vesting schedule for the DSGN stock option?
The remaining unvested shares under the 525,000-share option are scheduled to vest in equal monthly installments through August 25, 2027, subject to the reporting person’s continuous service.
What roles does the reporting person hold at Design Therapeutics (DSGN)?
The reporting person is identified as a director and an officer of Design Therapeutics, serving as President, CEO and Chairperson.