4D Molecular Therapeutics (FDMT) director receives 50,000-share stock option grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
4D Molecular Therapeutics director Nancy Miller-Rich received a new stock option grant for 50,000 shares of common stock. The options have an exercise price of $9.42 per share and were granted at no cost as part of the company’s non-employee director compensation program.
The option vests over time: one-third of the shares vest on June 17, 2027, with the remaining shares vesting in equal monthly installments until fully vested on June 17, 2029, assuming continued service. The options will also vest in full if a Change in Control occurs under the 2020 Incentive Award Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Miller-Rich Nancy
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 50,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 50,000 shares (Direct, null)
Footnotes (1)
- Automatically granted pursuant to the terms of the Company's non-employee director compensation program. The stock option vests and becomes exercisable with respect to 1/3 of the total shares on June 17, 2027 and in equal monthly installments thereafter, subject to the Reporting Person continuing service to Issuer through each vesting date, until the shares are fully vested on June 17, 2029. Additionally, the stock options will vest in full upon the consummation of a Change in Control (as defined in the 2020 Incentive Award Plan).
Key Figures
Option grant size: 50,000 options
Exercise price: $9.42 per share
Expiration date: June 16, 2036
+3 more
6 metrics
Option grant size
50,000 options
Stock Option (Right to Buy) granted to director
Exercise price
$9.42 per share
Conversion or exercise price of stock option
Expiration date
June 16, 2036
Option term end date
Initial vesting date
June 17, 2027
1/3 of total option shares vest
Full vesting date
June 17, 2029
Options fully vested if service continues
Underlying shares
50,000 shares
Underlying common stock for the option
Key Terms
Stock Option (Right to Buy), non-employee director compensation program, Change in Control, 2020 Incentive Award Plan
4 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
non-employee director compensation program financial
"Automatically granted pursuant to the terms of the Company's non-employee director compensation program."
Change in Control financial
"vest in full upon the consummation of a Change in Control (as defined in the 2020 Incentive Award Plan)."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
2020 Incentive Award Plan financial
"Change in Control (as defined in the 2020 Incentive Award Plan)."