Elicio (NASDAQ: ELTX) grants CSO 20,800 RSUs, 41,600 options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Elicio Therapeutics granted equity awards to its Chief Scientific Officer, Peter DeMuth. He received 20,800 restricted stock units at a price of $0 and now beneficially owns 21,543 common shares directly. The RSUs vest 25% on February 2, 2027, then annually over three more years, conditioned on continued service.
DeMuth also received a stock option for 41,600 shares of common stock with an exercise price of $8.10 per share. The option vests 25% on February 2, 2027, with the remaining portion vesting monthly over three years, also subject to his continued service.
Positive
- None.
Negative
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DeMuth Peter
Role
Chief Scientific Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 41,600 | $0.00 | -- |
| Grant/Award | Common Stock | 20,800 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 41,600 shares (Direct);
Common Stock — 21,543 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 equity awards did Elicio Therapeutics (ELTX) grant to its Chief Scientific Officer?
Elicio Therapeutics granted Chief Scientific Officer Peter DeMuth 20,800 restricted stock units and a stock option for 41,600 shares. The RSUs are priced at $0, and the option has a $8.10 exercise price, providing long-term, performance-linked compensation tied to continued service.
How do the 20,800 RSUs for Elicio Therapeutics (ELTX) Chief Scientific Officer vest?
The 20,800 RSUs vest 25% on February 2, 2027, the first anniversary of the grant date. The remaining RSUs vest in annual installments over the following three years, and each RSU converts into one share of common stock if the service requirement is met.
What are the terms of the 41,600 stock options granted by Elicio Therapeutics (ELTX)?
The 41,600 stock options have an exercise price of $8.10 per share and expire on February 2, 2036. They vest 25% on February 2, 2027, with the remaining options vesting in monthly installments over three years, subject to continued service.
What role does the reporting person hold at Elicio Therapeutics (ELTX)?
The reporting person, Peter DeMuth, serves as Chief Scientific Officer of Elicio Therapeutics. The equity awards reported—20,800 RSUs and 41,600 stock options—are tied to his role, with vesting and exercisability conditioned on his continued service to the company.
When do the new Elicio Therapeutics (ELTX) equity awards start vesting?
Both the RSUs and the stock options begin vesting on February 2, 2027, one year after the grant date. RSUs vest annually over the next three years, while the remaining options vest in monthly installments across the same three-year period, contingent on continued service.