Forte Biosciences (FBRX) awards 500,000 stock options to insider Wagner
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wagner Paul A.
Role
SEE REMARKS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 500,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 500,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock options granted: 500,000 options
Exercise price: $17.15 per share
Expiration date: June 16, 2036
+2 more
5 metrics
Stock options granted
500,000 options
Grant of Stock Option (right to buy) on June 16, 2026
Exercise price
$17.15 per share
Exercise price for the 500,000 stock options
Expiration date
June 16, 2036
Option expiration for Wagner’s grant
Underlying shares
500,000 shares
Common Stock underlying the stock options
Vesting schedule
1/48 monthly over 4 years
From Vesting Commencement Date June 16, 2026
Key Terms
Stock Option (right to buy), Vesting Commencement Date, 2021 Equity Incentive Plan, Service Provider
4 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
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.
2021 Equity Incentive Plan financial
"as defined in the 2021 Equity Incentive Plan"
Service Provider financial
"Subject to the Reporting Person continuing to be a Service Provider"
FAQ
What did Forte Biosciences (FBRX) report in this Form 4 for Paul A. Wagner?
Forte Biosciences reported that Paul A. Wagner received a grant of stock options for 500,000 shares of Common Stock. These options are a compensation-related award and not an open-market purchase of existing shares by the insider.
What is the exercise price and expiration date of Paul A. Wagner’s new FBRX stock options?
The granted stock options have an exercise price of $17.15 per share and expire on June 16, 2036. This means Wagner can buy shares at $17.15 any time before the expiration date, once the options have vested under the plan’s terms.
How do the newly granted Forte Biosciences (FBRX) options vest for Paul A. Wagner?
The options vest monthly over four years, starting from the Vesting Commencement Date of June 16, 2026. One forty-eighth of the 500,000 options vests each month, so the full award vests if Wagner continues as a service provider throughout this period.
How many Forte Biosciences (FBRX) derivative securities does Paul A. Wagner hold after this grant?
After this transaction, Wagner holds 500,000 stock options according to the filing. These options each relate to one share of Common Stock and are subject to the specified exercise price, expiration date, and four-year monthly vesting schedule under the equity plan.