enGene Therapeutics (ENGN) director receives 31,000 stock options at $1.75 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
enGene Therapeutics Inc. director Richard M. Glickman received a grant of stock options covering 31,000 common shares. The options have an exercise price of $1.75 per share and expire on June 16, 2036. Following this grant, he holds 31,000 options directly.
The option award vests fully on the earlier of the first anniversary of the vesting commencement date, which was June 9, 2026, or the company’s 2027 annual meeting of shareholders. This is a compensation-related award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Glickman Richard M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 31,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 31,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 31,000 options
Exercise price: $1.75 per share
Expiration date: June 16, 2036
+2 more
5 metrics
Options granted
31,000 options
Stock Option (Right to Buy) grant to director
Exercise price
$1.75 per share
Strike price for 31,000 option shares
Expiration date
June 16, 2036
Option term end date
Holdings after grant
31,000 options
Total derivative holdings following transaction
Vesting trigger
Earlier of June 9, 2027 anniversary or 2027 meeting
Full vesting condition from footnote
Key Terms
Stock Option (Right to Buy), exercise price, vesting commencement date, annual meeting of shareholders, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
exercise price financial
"conversion_or_exercise_price: "1.7500""
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.
vesting commencement date financial
"the first anniversary of the vesting commencement date, which was June 9, 2026"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What did enGene Therapeutics (ENGN) insider Richard Glickman report on this Form 4?
Richard M. Glickman reported receiving a grant of stock options for 31,000 enGene Therapeutics common shares. These options are a compensation-related award, not an open-market trade, and give him the right to buy shares at a preset exercise price.
How many enGene Therapeutics (ENGN) options did Richard Glickman receive and at what price?
He received stock options covering 31,000 common shares of enGene Therapeutics with an exercise price of $1.75 per share. This means he can buy those shares at $1.75 once the options vest and before they expire.
When do Richard Glickman’s enGene Therapeutics (ENGN) options vest?
The options vest fully on the earlier of the first anniversary of the vesting commencement date, which was June 9, 2026, or enGene Therapeutics’ 2027 annual meeting of shareholders. Full vesting must occur before he can exercise all granted options.
When do Richard Glickman’s enGene Therapeutics (ENGN) options expire?
These stock options expire on June 16, 2036. After that date, any unexercised options become worthless, so the holder must exercise vested options before expiration to acquire the underlying enGene Therapeutics common shares at the exercise price.
Is this enGene Therapeutics (ENGN) Form 4 a stock purchase or sale?
It is not a market purchase or sale. The Form 4 shows a grant of stock options to Richard Glickman as compensation. No open-market buying or selling of enGene Therapeutics common shares is reported in this transaction data.
How many enGene Therapeutics (ENGN) options does Richard Glickman hold after this grant?
After this grant, Richard Glickman holds 31,000 stock options directly. Each option is linked to one enGene Therapeutics common share, giving him the right to purchase up to 31,000 shares at the specified exercise price if fully vested and exercised.