Eikon Therapeutics (EIKN) CMO granted 134,088 stock options at $0
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eikon Therapeutics Chief Medical Officer Roy D. Baynes reported an option grant giving him rights to acquire 134,088 shares of company stock at an exercise price of $0.00 per share. The option vests in equal monthly installments over 48 months, conditioned on his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Baynes Roy D.
Role
Chief Medical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 134,088 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 134,088 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did EIKN report for Roy D. Baynes?
Eikon Therapeutics reported an option grant to Chief Medical Officer Roy D. Baynes covering 134,088 shares. The award is a derivative security, giving him the right to buy common stock under specified vesting terms tied to continued service.
What is the exercise price of Roy D. Baynes’ EIKN stock options?
The reported exercise price for the Baynes stock option grant is $0.00 per share. This indicates a cost-free grant structure from the company, with value realized based on future stock price performance as the options vest and become exercisable.
How do the EIKN options granted to Roy D. Baynes vest over time?
The option vests in 48 equal monthly installments, with 1/48th of the shares vesting on each monthly anniversary of the vesting start date. Vesting continues only while Roy D. Baynes remains in service with Eikon Therapeutics during each applicable month.
Is the EIKN option grant to Roy D. Baynes a purchase or an award?
The transaction is categorized as a grant or award acquisition, not an open-market purchase. It reflects equity-based compensation provided by Eikon Therapeutics to Roy D. Baynes as Chief Medical Officer, rather than him buying shares with personal funds.
What is Roy D. Baynes’ derivative holdings in EIKN after this option grant?
Following this reported transaction, Roy D. Baynes holds 134,088 derivative securities in the form of stock options. This figure reflects the total number of option shares associated with this grant, assuming all vesting requirements are eventually satisfied in full.