Elicio Therapeutics grants 21,750 options to director
ELTX granted a 21,750-share stock option to a non-employee director, vesting in 2027 and expiring in 2036, as that director’s annual equity award.
Rhea-AI Filing Summary
Elicio Therapeutics, Inc. (ELTX) reported that director Jay Venkatesan received a grant of stock options for 21,750 shares of common stock on August 31, 2026 at an exercise price of $2.70 per share. The options vest in full on the earlier of August 31, 2027 or the 2027 annual stockholders’ meeting, subject to continued service, and expire on August 31, 2036. No additional equity award will be made to this director in connection with the 2026 annual meeting of stockholders, and no Rule 10b5-1 trading plan is reported.
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Insider Trade Summary
Grant/Award: 21,750 shares
Grant/Award
1 txn
Insider
Venkatesan Jay
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) F1 | 21,750 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 21,750 contracts (Direct)
Footnotes (1)
- F1. The stock option represents the annual non-employee director equity award to the Reporting Person and shall vest and become exercisable in full on the earlier of (A) August 31, 2027, the one-year anniversary of the date of grant, and (B) the annual meeting of the Issuer's stockholders held in 2027, subject to the Reporting Person continuing to provide services to the Issuer through such vesting date. No additional equity award will be made to the Reporting Person in connection with the 2026 annual meeting of stockholders.
Key Figures
Stock options granted: 21,750 shares
Exercise price: $2.70 per share
Shares underlying options: 21,750 shares
+3 more
6 metrics
Stock options granted
21,750 shares
Annual non-employee director equity award granted August 31, 2026
Exercise price
$2.70 per share
Exercise price for the granted stock options
Shares underlying options
21,750 shares
Underlying Elicio Therapeutics common stock
Post-grant option holdings (this award)
21,750 options
Total derivative securities held after this reported grant
Vesting date
August 31, 2027 or 2027 annual meeting
Earlier of the one-year anniversary of grant or 2027 annual stockholders’ meeting
Option expiration date
August 31, 2036
Expiration date of the granted stock options
Key Terms
non-employee director equity award, stock option, vesting, annual meeting of the Issuer's stockholders
4 terms
non-employee director equity award financial
"The stock option represents the annual non-employee director equity award"
stock option financial
"The stock option represents the annual non-employee director equity award"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
vesting financial
"and shall vest and become exercisable in full on the earlier of"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual meeting of the Issuer's stockholders financial
"the annual meeting of the Issuer's stockholders held in 2027"
FAQ
What equity award did Elicio Therapeutics (ELTX) grant to director Jay Venkatesan?
Elicio Therapeutics granted stock options for 21,750 shares of common stock to director Jay Venkatesan on August 31, 2026 as his annual non-employee director equity award.
What is the exercise price of the new ELTX stock options granted to the director?
The granted stock options have an exercise price of $2.70 per share for the underlying Elicio Therapeutics common stock.
When do the new ELTX director stock options vest?
The options vest and become exercisable in full on the earlier of August 31, 2027 or the Elicio Therapeutics 2027 annual meeting of stockholders, subject to the director continuing to provide services through the vesting date.
When do the ELTX stock options granted to the director expire?
The stock options granted to the director expire on August 31, 2036, giving a ten-year term from the date of grant.
Will the ELTX director receive another equity award at the 2026 annual meeting?
No. The filing states that no additional equity award will be made to the reporting director in connection with Elicio Therapeutics’ 2026 annual meeting of stockholders.
Were the ELTX director option grants made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported in connection with this option grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.