Eloxx (NASDAQ: ELOX) CEO receives 328,833 performance-based stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eloxx Pharmaceuticals, Inc. reported that President and CEO Sumit Aggarwal received a grant of stock options covering 328,833 shares of common stock. These options have an exercise price of $1.65 per share and expire on September 19, 2035.
The options were originally granted on September 19, 2025 and were subject to a performance-based vesting condition that was satisfied on June 10, 2026. Vesting will occur as to 1/36 of the options on July 31, 2026, with the remaining options vesting in equal monthly installments over the following 35 months, contingent on Aggarwal’s continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Aggarwal Sumit
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 328,833 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 328,833 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 328,833 options
Exercise price: $1.65 per share
Expiration date: September 19, 2035
+3 more
6 metrics
Options granted
328,833 options
Stock Option (Right to Buy) grant to CEO
Exercise price
$1.65 per share
Option conversion or exercise price
Expiration date
September 19, 2035
Option expiration
Initial vesting date
July 31, 2026
1/36 of options vest
Remaining vesting period
35 months
Equal monthly vesting after initial tranche
Shares underlying options
328,833 shares
Common stock underlying this option award
Key Terms
Stock Option (Right to Buy), performance-based vesting condition, vesting date, exercise price, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
performance-based vesting condition financial
"was subject to a performance-based vesting condition that was satisfied"
vesting date financial
"subject to the Reporting Person's continuing service on each such vesting date"
exercise price financial
"conversion_or_exercise_price: 1.6500"
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.
FAQ
What did ELOX CEO Sumit Aggarwal report in this Form 4?
Sumit Aggarwal reported a grant of stock options for 328,833 shares of Eloxx Pharmaceuticals common stock. The filing shows this as a compensation-related award, not an open-market purchase or sale.
What is the exercise price of the new ELOX stock options?
The stock options granted to Sumit Aggarwal carry an exercise price of $1.65 per share. This is the price he must pay per share to convert the options into Eloxx common stock in the future.
How do the ELOX CEO’s options vest over time?
The options begin vesting 1/36 on July 31, 2026, with the remaining portions vesting in equal monthly installments over the next 35 months. Vesting continues only while Sumit Aggarwal remains in service with Eloxx Pharmaceuticals.
What performance condition affected the ELOX option grant?
The option grant was subject to a performance-based vesting condition that was satisfied on June 10, 2026. Only after this condition was met does the time-based monthly vesting schedule start for the CEO’s stock options.
When do the ELOX CEO’s stock options expire?
The stock options granted to Sumit Aggarwal expire on September 19, 2035. After that expiration date, any unexercised options will lapse and can no longer be used to purchase Eloxx common stock.
How many ELOX options does the CEO hold after this transaction?
Following this grant, Sumit Aggarwal is shown holding 328,833 stock options. Each option is a right to buy one share of Eloxx Pharmaceuticals common stock at the fixed exercise price of $1.65 per share.