Erasca (ERAS) director Alexander Casdin awarded 29,888 stock options at $16.01 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Erasca, Inc. director Alexander W. Casdin received a grant of stock options covering 29,888 shares of common stock. The options have an exercise price of $16.01 per share, expire on June 26, 2036, and vest 100% on June 26, 2027, contingent on his continued service.
Positive
- None.
Negative
- None.
Insights
Routine option grant to director with time-based vesting.
Erasca awarded Alexander W. Casdin stock options for 29,888 shares at an exercise price of $16.01 per share. The grant costs him nothing upfront and provides potential upside only if the stock trades above this level before expiration in 2036.
The options vest 100% on June 26, 2027, conditioned on his continuous service. This structure incentivizes longer-term board involvement rather than short-term trading. As a single compensation grant with no related sales, it is a neutral, standard governance and pay practice.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Casdin Alexander W.
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
Options granted: 29,888 options
Exercise price: $16.01 per share
Expiration date: June 26, 2036
+2 more
5 metrics
Options granted
29,888 options
Stock option grant to Alexander W. Casdin
Exercise price
$16.01 per share
Strike price of granted stock options
Expiration date
June 26, 2036
Option term end date
Vesting date
June 26, 2027
100% of options vest on this date
Shares underlying options
29,888 shares
Common stock underlying the option grant
Key Terms
Stock option, exercise price, vesting, expiration date, +1 more
5 terms
Stock option financial
"Stock option (right to buy)"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
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.
vesting financial
"100% of the options to purchase shares vest on June 26, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
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.
derivative financial
""transaction_type": "derivative""
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
FAQ
What did Erasca (ERAS) director Alexander W. Casdin report in this Form 4?
Alexander W. Casdin reported receiving a stock option grant for 29,888 shares of Erasca common stock. The options were awarded at no cost, have a $16.01 exercise price, and represent equity-based compensation rather than an open-market stock purchase or sale.
What are the key terms of Alexander W. Casdin’s Erasca (ERAS) stock options?
The grant covers 29,888 shares of Erasca common stock at an exercise price of $16.01. The options expire on June 26, 2036. They were issued at zero cost and become exercisable only after the stated vesting conditions are satisfied.
When do Alexander W. Casdin’s Erasca (ERAS) stock options vest?
All 29,888 stock options vest on June 26, 2027, in a single tranche. Vesting is conditioned on Casdin’s continuous service to Erasca through that date, aligning his long-term incentives with the company’s performance over the next several years.
How many Erasca (ERAS) options does Alexander W. Casdin hold after this transaction?
Following the reported transaction, Casdin holds 29,888 stock options linked to Erasca common stock. This reflects the entire newly granted award. The Form 4 shows no additional derivative positions in the derivative summary section for this reporting person.
What is the potential value driver of Alexander W. Casdin’s Erasca (ERAS) option grant?
Value depends on Erasca’s share price exceeding the $16.01 exercise price before the June 26, 2036 expiration. If the stock trades below that level, the options would hold little or no intrinsic value, making performance over the long term critical.