Design Therapeutics (DSGN) director awarded 30,000 options at $10.55 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Design Therapeutics, Inc. director Rodney W. Lappe received a grant of stock options covering 30,000 shares of common stock. The options have an exercise price of $10.55 per share and expire on June 8, 2036.
According to the disclosure, these options were awarded as compensation and will vest in equal monthly installments over 12 months following June 9, 2026, and will in any case be fully vested by the company’s next annual stockholder meeting. Following this grant, Lappe holds derivative securities representing 30,000 underlying shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LAPPE RODNEY W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 30,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 30,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 30,000 options
Exercise price: $10.55 per share
Expiration date: June 8, 2036
+3 more
6 metrics
Option grant size
30,000 options
Stock Option (right to buy) granted to director
Exercise price
$10.55 per share
Exercise price of stock options
Expiration date
June 8, 2036
Option expiration date
Vesting schedule
12 equal monthly installments
Over 12 months following June 9, 2026
Underlying shares
30,000 shares
Common stock underlying the options
Post-grant derivative holdings
30,000 derivative securities
Total derivative securities following transaction
Key Terms
Stock Option (right to buy), Grant, award, or other acquisition, exercise price, Common Stock, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
exercise price financial
"conversion_or_exercise_price: 10.5500"
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.
Common Stock financial
"underlying_security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
vest financial
"The shares subject to the option vest in equal monthly installments"
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.
FAQ
What did DSGN director Rodney W. Lappe receive in this Form 4 filing?
Rodney W. Lappe received a grant of stock options for 30,000 shares of Design Therapeutics common stock. These options are a compensation award and give him the right to buy shares at a fixed exercise price in the future.
What is the exercise price of the new DSGN stock options?
The new stock options for DSGN have an exercise price of $10.55 per share. This means Lappe can buy Design Therapeutics common stock at $10.55 regardless of the market price once the options vest.
How do the 30,000 DSGN options granted to Rodney Lappe vest?
The 30,000 options vest in equal monthly installments over 12 months following June 9, 2026. The filing also states the options will be fully vested by the date of Design Therapeutics’ next annual meeting of stockholders.
When do Rodney Lappe’s newly granted DSGN options expire?
The options granted to Rodney Lappe expire on June 8, 2036. After that expiration date, any unexercised options will no longer be usable to purchase Design Therapeutics common stock.
How many DSGN derivative securities does Rodney Lappe hold after this grant?
After this grant, Lappe holds derivative securities representing 30,000 underlying shares of Design Therapeutics common stock directly. This figure reflects the options reported in this Form 4 filing.