enGene Therapeutics (ENGN) director awarded 31,000 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
enGene Therapeutics Inc. director Wouter Joustra 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. According to the footnote, the option 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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Joustra Wouter
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
Underlying shares: 31,000 common shares
+3 more
6 metrics
Options granted
31,000 options
Stock Option (Right to Buy) granted to director
Exercise price
$1.75 per share
Conversion or exercise price of stock options
Underlying shares
31,000 common shares
Shares issuable upon option exercise
Expiration date
June 16, 2036
Option expiration date
Vesting trigger date
June 9, 2026
First anniversary of vesting commencement date reference
Alternative vesting event
2027 annual meeting
Fully vests by 2027 annual meeting of shareholders
Key Terms
Stock Option (Right to Buy), vesting commencement date, annual meeting of shareholders, exercise price
4 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
vesting commencement date financial
"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.
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.
FAQ
What insider transaction did enGene Therapeutics (ENGN) report for Wouter Joustra?
enGene reported that director Wouter Joustra received a grant of stock options for 31,000 common shares. These options are a form of equity compensation, giving him the right to buy shares at a set price if vesting conditions are met.
What is the exercise price of Wouter Joustra’s new enGene (ENGN) stock options?
The granted stock options have an exercise price of $1.75 per share. This means Joustra can purchase up to 31,000 enGene common shares at $1.75 each once the options are vested and exercised, regardless of the future market price.
When do Wouter Joustra’s enGene (ENGN) stock options vest?
The option vests fully on the earlier of two dates: the first anniversary of the vesting commencement date, which was June 9, 2026, or enGene’s 2027 annual meeting of shareholders. Full vesting is required before the options can be exercised.
When do the newly granted enGene (ENGN) stock options expire?
The stock options granted to director Wouter Joustra expire on June 16, 2036. After this expiration date, any unexercised options become worthless, so they must be exercised, if at all, before that deadline to acquire common shares.
Is Wouter Joustra’s enGene (ENGN) option grant a market purchase or compensation award?
The filing identifies the transaction as a grant, award, or other acquisition of stock options. It is a compensation-related award, not an open-market share purchase or sale, and therefore does not directly reflect buying or selling activity in the public market.