FATE Therapeutics (NASDAQ: FATE) director receives 87,900-share stock option grant
Rhea-AI Filing Summary
FATE Therapeutics director Matt Abernethy received a new stock option grant covering 87,900 shares of common stock. The option has an exercise price of $2.06 per share and expires 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 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, as long as Abernethy continues to serve on the board.
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Insights
Routine director option grant with time-based vesting and long-dated term.
The filing shows a standard compensation-related award rather than an open-market trade. Director Matt Abernethy received options on 87,900 shares at an exercise price of $2.06, expiring in 2036, aligning his incentives with long-term shareholder value.
Vesting is time-based and tied to continued board service until the earlier of June 12, 2027 or the 2027 Annual Meeting of Stockholders. With no sales reported and no 10b5-1 language noted, this appears to be a routine annual equity grant to a non-employee director.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 87,900 | $0.00 | -- |
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.