Erasca (NASDAQ: ERAS) director receives stock options for 29,888 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Erasca, Inc. director Julie Hambleton reported receiving a stock option grant as part of her compensation. She was awarded options covering 29,888 shares of common stock at an exercise price of $16.01 per share. These options vest 100% on June 26, 2027, provided she continues serving the company through that date, and expire on June 26, 2036. Following this grant, she holds stock options for 29,888 shares directly. 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
Hambleton Julie
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock option (right to buy) | 29,888 | $0.00 | -- |
Holdings After Transaction:
Stock option (right to buy) — 29,888 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 29,888 shares
Exercise price: $16.01 per share
Shares underlying options: 29,888 shares
+3 more
6 metrics
Option grant size
29,888 shares
Stock options on common stock granted to director
Exercise price
$16.01 per share
Exercise price for the stock options
Shares underlying options
29,888 shares
Underlying common stock for this option grant
Vesting date
June 26, 2027
100% of options vest on this date, subject to service
Expiration date
June 26, 2036
Stock options expire if not exercised by this date
Options held after transaction
29,888 options
Total derivative holdings reported following the grant
Key Terms
Stock option (right to buy), exercise price, expiration date, underlying security, +1 more
5 terms
Stock option (right to buy) financial
"security_title: Stock option (right to buy)"
exercise price financial
"conversion_or_exercise_price: 16.0100"
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.
expiration date financial
"expiration_date: 2036-06-26T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
underlying security financial
"underlying_security_title: Common Stock"
vest financial
"100% of the options to purchase shares vest on June 26, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did Erasca (ERAS) director Julie Hambleton report on this Form 4?
Julie Hambleton reported receiving a stock option grant for 29,888 shares of Erasca common stock. The options are a compensation-related award, not an open-market trade, and give her the right to buy shares at a fixed exercise price.
What is the exercise price of Julie Hambleton’s Erasca (ERAS) stock options?
The options have an exercise price of $16.01 per share. This means she can purchase Erasca common stock at $16.01 per share once the options vest, regardless of the future market price at exercise.
When do Julie Hambleton’s Erasca (ERAS) stock options vest and expire?
All of the options vest on June 26, 2027, assuming she continues to serve Erasca through that date. The options then remain exercisable until their expiration on June 26, 2036, after which any unexercised options lapse.
Is Julie Hambleton buying or selling Erasca (ERAS) stock in this Form 4?
She is not buying or selling stock on the market in this filing. Instead, she received a grant of stock options as compensation, giving a future right to purchase shares at a fixed exercise price if the options vest.
How many Erasca (ERAS) stock options does Julie Hambleton hold after this grant?
After this award, she holds stock options for 29,888 shares directly. This figure reflects the position reported in the filing and shows her derivative equity stake tied to the new grant.