Forte Biosciences grants 500,000 options to insider
Forte Biosciences director and officer Paul A. Wagner received a grant of stock options for 500,000 shares of Common Stock.
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Rhea-AI Filing Summary
Forte Biosciences director and officer Paul A. Wagner received a grant of stock options for 500,000 shares of Common Stock. The options have an exercise price of $17.15 per share and expire on June 16, 2036. This is a compensation-related award, not an open-market purchase.
According to the vesting terms, beginning on the Vesting Commencement Date of June 16, 2026, one forty-eighth of the options vest each month, so the award becomes fully vested over four years if he continues as a service provider.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 500,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. Subject to the Reporting Person continuing to be a Service Provider (as defined in the 2021 Equity Incentive Plan) through each applicable vesting date, one forty-eighth (1/48th) of the total shares subject to the option shall vest every month following the Vesting Commencement Date such that all shares shall be fully vested on the four (4) year anniversary of the Vesting Commencement Date. "Vesting Commencement Date" shall mean June 16, 2026.
Key Figures
Key Terms
Stock Option (right to buy) financial
Vesting Commencement Date financial
2021 Equity Incentive Plan financial
Service Provider financial
FAQ
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What did Forte Biosciences (FBRX) report in this Form 4 for Paul A. Wagner?
What is the exercise price and expiration date of Paul A. Wagner’s new FBRX stock options?
How do the newly granted Forte Biosciences (FBRX) options vest for Paul A. Wagner?
How many Forte Biosciences (FBRX) derivative securities does Paul A. Wagner hold after this grant?
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