Director at Fate Therapeutics (NASDAQ: FATE) receives 87,900 stock options grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fate Therapeutics director William H. Rastetter received a grant of stock options covering 87,900 shares of Common Stock. The options have an exercise price of $2.06 per share and expire on June 12, 2036.
The grant was made under the company’s Amended and Restated Non-Employee Director Compensation Policy, which provides annual equity awards to non-employee directors on the date of the Annual Meeting of Stockholders. These options vest and become exercisable on the earlier of June 12, 2027 or the date of the 2027 Annual Meeting of Stockholders, subject to his continued service on the Board. Following this grant, he holds 87,900 options according to this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RASTETTER WILLIAM H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 87,900 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 87,900 shares (Direct, null)
Footnotes (1)
- This transaction represents a grant of options pursuant to the terms of the Issuer's Amended and Restated Non-Employee Director Compensation Policy which provides for annual equity grants to the Issuer's non-employee directors on the date of the Issuer's Annual Meeting of Stockholders. The shares subject to this option shall vest and become exercisable on the earlier of (i) June 12, 2027 or (ii) the date of the Issuer's 2027 Annual Meeting of Stockholders, subject to the Reporting Person's continued service on the Issuer's Board of Directors.
Key Figures
Options granted: 87,900 options
Exercise price: $2.06 per share
Expiration date: June 12, 2036
+2 more
5 metrics
Options granted
87,900 options
Stock Option (Right to Buy) grant to director
Exercise price
$2.06 per share
Conversion or exercise price of options
Expiration date
June 12, 2036
Option expiration for director grant
Shares following transaction
87,900 options
Total derivative holdings after grant in this filing
Vesting date
June 12, 2027 or 2027 annual meeting
Earlier of two dates, subject to continued Board service
Key Terms
Stock Option (Right to Buy), Amended and Restated Non-Employee Director Compensation Policy, Annual Meeting of Stockholders, vesting
4 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)" for the reported transaction"
Amended and Restated Non-Employee Director Compensation Policy financial
"grant of options pursuant to the terms of the Issuer's Amended and Restated Non-Employee Director Compensation Policy"
Annual Meeting of Stockholders financial
"annual equity grants to the Issuer's non-employee directors on the date of the Issuer's Annual Meeting of Stockholders"
vesting financial
"The shares subject to this option shall vest and become exercisable on the earlier of (i) June 12, 2027 or (ii) the date of the Issuer's 2027 Annual Meeting"
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.
FAQ
What did Fate Therapeutics (FATE) director William H. Rastetter report in this Form 4?
He reported receiving a grant of stock options for 87,900 shares of Fate Therapeutics Common Stock. The options were awarded under the company’s Non-Employee Director Compensation Policy and represent equity-based compensation for his Board service.
What are the key terms of William H. Rastetter’s new Fate Therapeutics stock options?
The options cover 87,900 shares of Common Stock at an exercise price of $2.06 per share. They expire on June 12, 2036, providing a long-dated incentive aligned with the company’s future performance and his ongoing Board service.
When do William H. Rastetter’s Fate Therapeutics options vest?
The options vest and become exercisable on the earlier of June 12, 2027 or the date of Fate Therapeutics’ 2027 Annual Meeting of Stockholders. Vesting is conditioned on his continued service on the company’s Board of Directors.
How many Fate Therapeutics options does William H. Rastetter hold after this transaction?
After this grant, he holds 87,900 stock options according to the Form 4. All of these options relate to Fate Therapeutics Common Stock and were acquired as a compensation award rather than through an open-market purchase.
Was William H. Rastetter’s Fate Therapeutics option grant part of a standard director compensation program?
Yes. The footnotes state the grant was made under Fate Therapeutics’ Amended and Restated Non-Employee Director Compensation Policy. This policy provides annual equity grants to non-employee directors on the date of the company’s Annual Meeting of Stockholders.