Erasca (ERAS) director receives 29,888-share stock option grant at $16.01
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Erasca, Inc. director Pratik S. Multani received a stock option grant covering 29,888 shares of common stock. The option has an exercise price of $16.01 per share and expires on June 26, 2036.
All of these options vest on June 26, 2027, as long as the director continues to serve the company through that date. After this grant, the filing shows 29,888 option shares held directly, with no remaining prior derivative positions listed.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Multani Pratik S
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 shares granted: 29,888 shares
Exercise price: $16.01 per share
Option expiration: June 26, 2036
+3 more
6 metrics
Option shares granted
29,888 shares
Stock option grant to director Multani
Exercise price
$16.01 per share
Stock option exercise price
Option expiration
June 26, 2036
End of option term
Vesting date
June 26, 2027
100% of options vest on this date
Options held after grant
29,888 shares
Total options following transaction, direct ownership
Transaction code
A
Grant, award, or other acquisition of derivative security
Key Terms
Stock option, exercise price, vesting, derivative security, +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.
derivative security financial
"transaction_type": "derivative""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Erasca (ERAS) director Pratik S. Multani report on this Form 4?
The Form 4 shows Pratik S. Multani received a stock option grant for 29,888 shares of Erasca common stock. This is a compensation-related award, not an open-market stock purchase or sale, and gives the right to buy shares at a fixed exercise price.
What is the exercise price and term of the Erasca (ERAS) option granted to the director?
The stock option has an exercise price of $16.01 per share and expires on June 26, 2036. This means the director can choose to buy up to 29,888 shares at that price any time after vesting and before expiration.
When do Pratik S. Multani’s Erasca (ERAS) stock options vest?
All 29,888 stock options vest on June 26, 2027, according to the filing footnote. Vesting is conditioned on the director’s continuous service to Erasca through that date, so leaving earlier would generally prevent some or all options from vesting.
Is this Erasca (ERAS) Form 4 an insider stock purchase or sale?
No, it reports a stock option grant, not an open-market trade. The company awarded an option to buy 29,888 shares at a $16.01 exercise price, which may be exercised in the future after vesting, rather than a current buy or sell of common shares.