Enliven Therapeutics (ELVN) CFO granted 150,000 options and 25,000 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enliven Therapeutics reported new equity awards for its Chief Financial Officer, Benjamin Hohl. He received stock options for 150,000 shares at an exercise price of $0.00 per share and 25,000 restricted stock units, each representing one share of common stock.
The option award vests over four years, with one-quarter vesting on February 12, 2027 and the remainder monthly thereafter, as long as he continues as a service provider. The RSUs vest on a similar multi-year schedule beginning March 1, 2027, with one-quarter vesting initially and the rest in equal quarterly installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hohl Benjamin
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 150,000 | $0.00 | -- |
| Grant/Award | Common Stock | 25,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 150,000 shares (Direct);
Common Stock — 61,000 shares (Direct)
Footnotes (1)
- These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. 1/4th of the RSUs will vest on March 1, 2027 and 1/16th of the RSUs will vest each June 1, September 1, December 1, and March 1 thereafter, subject to the Reporting Person continuing as a service provider through each such date. Certain of these securities are RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock, subject to the applicable vesting schedule and conditions of each RSU. 1/4th of the shares subject to the option will vest on February 12, 2027 and 1/48th of the shares subject to the option will vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.
FAQ
What equity awards did Enliven Therapeutics (ELVN) grant to its CFO?
Enliven Therapeutics granted its CFO, Benjamin Hohl, stock options for 150,000 shares and 25,000 restricted stock units. The options carry a $0.00 exercise price, and each RSU represents one share of common stock, subject to multi-year vesting conditions tied to continued service.
How do the new stock options for Enliven (ELVN) CFO vest?
The 150,000-share stock option grant vests over four years. One-quarter of the shares vest on February 12, 2027, and the remaining three-quarters vest in equal monthly installments thereafter, contingent on Benjamin Hohl continuing as a service provider through each vesting date.
What is the vesting schedule for the Enliven (ELVN) CFO RSUs?
The 25,000 RSUs vest starting March 1, 2027. One-quarter vests on that date, and 1/16 of the RSUs vests on each June 1, September 1, December 1, and March 1 afterward, provided Benjamin Hohl remains a service provider on each vesting date.
Does the Enliven (ELVN) CFO have to pay to exercise his stock options?
The disclosed stock options have an exercise price of $0.00 per share. This means Benjamin Hohl is not required to pay cash to exercise them, although exercise and settlement remain subject to standard plan terms and applicable vesting requirements.
Are the Enliven (ELVN) CFO RSUs and options immediately owned and unrestricted?
No. Both the RSUs and options are subject to vesting schedules. RSUs represent contingent rights to receive shares, and the option vests over time. Hohl must continue as a service provider through each specified date for the corresponding portion to vest.