Elicio Therapeutics (NASDAQ: ELTX) grants RSUs and options to senior officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Elicio Therapeutics granted equity awards to its Chief Strategy and Financial Officer, Preetam Shah, on February 2, 2026. He received 24,000 restricted stock units, each representing one share of common stock at no cost on grant, and 47,900 stock options to buy common shares at an exercise price of $8.10 per share.
The RSUs vest 25% on February 2, 2027, with the rest vesting in annual installments over the following three years, contingent on continued service. The options vest 25% on February 2, 2027, with the remainder vesting in monthly installments over three years thereafter, also subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Shah Preetam
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 47,900 | $0.00 | -- |
| Grant/Award | Common Stock | 24,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 47,900 shares (Direct);
Common Stock — 24,000 shares (Direct)
Footnotes (1)
- Represents restricted stock units ("RSUs") that will vest as to 25% of the RSUs on February 2, 2027, the first anniversary of the grant date, with the remaining RSUs vesting in annual installments over a three-year period thereafter, subject to the Reporting Person's continued service to the Issuer through the applicable vesting dates. Each RSU represents the right to receive one share of common stock, par value $0.01 per share, of the Issuer. The stock option vests and becomes exercisable as to 25% of the options on February 2, 2027, the first anniversary of the grant date, with the remaining options vesting in monthly installments over a three-year period thereafter, subject to the Reporting Person's continued service to the Issuer through the applicable vesting dates.
FAQ
What insider transaction did ELTX report for Preetam Shah on February 2, 2026?
Elicio Therapeutics reported that officer Preetam Shah received equity grants on February 2, 2026, including 24,000 restricted stock units and 47,900 stock options. Both awards were reported as acquired at no cost on the grant date, reflecting compensation rather than an open-market purchase.
How many Elicio Therapeutics (ELTX) RSUs did Preetam Shah receive?
Preetam Shah received 24,000 restricted stock units from Elicio Therapeutics. Each RSU represents the right to receive one share of ELTX common stock. The award is part of his compensation package and is subject to a multi‑year vesting schedule tied to continued service with the company.
What are the vesting terms for Preetam Shah’s ELTX restricted stock units?
The 24,000 ELTX restricted stock units vest 25% on February 2, 2027, marking the first anniversary of the grant. The remaining 75% vest in equal annual installments over the following three years, provided Shah continues serving Elicio Therapeutics through each applicable vesting date.
What stock options were granted to Preetam Shah by Elicio Therapeutics (ELTX)?
Elicio Therapeutics granted Shah 47,900 stock options with an exercise price of $8.10 per share. These options give him the right to buy ELTX common stock and were reported as acquired at no cost on grant, subject to a multi‑year service-based vesting schedule.
How do the ELTX stock options granted to Preetam Shah vest over time?
The 47,900 ELTX stock options vest 25% on February 2, 2027, one year after grant. The remaining 75% vest in monthly installments over the next three years, contingent on Shah’s continued service with Elicio Therapeutics through each monthly vesting date.
Is Preetam Shah’s ownership in ELTX recorded as direct or indirect?
The Form 4 records both the 24,000 restricted stock units and the 47,900 stock options as directly owned by Preetam Shah. There is no indication in the footnotes that these holdings are through a separate entity or that beneficial ownership is disclaimed.