Forte Biosciences (FBRX) CFO receives 22,000 stock options grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Forte Biosciences, Inc. reported that Chief Financial Officer Antony A. Riley received a grant of stock options covering 22,000 shares of common stock. The options have an exercise price of $17.15 per share and expire on June 16, 2036.
According to the disclosure, all 22,000 option shares were held directly after the transaction, reflecting a compensation-related award rather than an open-market purchase. The footnotes state that, subject to continued service, one forty-eighth of the options will vest monthly starting on the Vesting Commencement Date of June 16, 2026, so the grant is scheduled to be fully vested four years after that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Riley Antony A
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 22,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 22,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 22,000 shares
Exercise price: $17.15/share
Expiration date: June 16, 2036
+3 more
6 metrics
Options granted
22,000 shares
Stock Option (right to buy) grant to CFO
Exercise price
$17.15/share
Conversion or exercise price for granted options
Expiration date
June 16, 2036
Option term end for 22,000-share grant
Vesting commencement
June 16, 2026
Vesting Commencement Date under 2021 Equity Incentive Plan
Monthly vesting fraction
1/48 each month
Equal monthly vesting over four years
Post-transaction derivative holdings
22,000 options
Total stock options held directly after grant
Key Terms
Stock Option (right to buy), 2021 Equity Incentive Plan, Vesting Commencement Date, Grant, award, or other acquisition
4 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
2021 Equity Incentive Plan financial
"as defined in the 2021 Equity Incentive Plan"
Vesting Commencement Date financial
""Vesting Commencement Date" shall mean June 16, 2026."
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Forte Biosciences (FBRX) disclose in this Form 4 for its CFO?
Forte Biosciences disclosed that CFO Antony A. Riley received a grant of stock options for 22,000 shares. These options are compensation-related, have a $17.15 exercise price, and expire in June 2036, rather than representing an open-market share purchase or sale.
What are the key terms of Antony A. Riley’s Forte Biosciences stock option grant?
The grant covers 22,000 options on Forte Biosciences common stock at an exercise price of $17.15 per share. The options expire on June 16, 2036, and vest monthly over four years beginning June 16, 2026, contingent on Riley remaining a qualifying service provider.
How does the vesting schedule work for the Forte Biosciences CFO’s options?
The options vest in equal monthly installments, with one forty-eighth of the 22,000 shares vesting each month. Vesting begins on June 16, 2026, and continues for four years, provided Antony A. Riley continues as a service provider under the company’s 2021 Equity Incentive Plan.
When do Antony A. Riley’s Forte Biosciences options expire and become fully vested?
The options expire on June 16, 2036, giving a long exercise window once vested. Vesting is scheduled monthly over four years starting June 16, 2026, so, assuming continued service, all 22,000 options are expected to be fully vested on the fourth anniversary of that date.