Foghorn Therapeutics (FHTX) director granted 28,000 stock options at $4.08 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Foghorn Therapeutics director Scott Biller received a stock option grant covering 28,000 shares of common stock at an exercise price of $4.08 per share. The option was granted as compensation and will vest in full on the first anniversary of the grant date, as long as he continues serving on the board of directors. Following this award, Biller holds 28,000 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Biller Scott
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to buy) | 28,000 | $4.08 | $114K |
Holdings After Transaction:
Stock Options (Right to buy) — 28,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 28,000 options
Exercise price: $4.08 per share
Shares underlying options: 28,000 shares
+2 more
5 metrics
Options granted
28,000 options
Grant of stock options to director Scott Biller
Exercise price
$4.08 per share
Stock option strike price
Shares underlying options
28,000 shares
Common stock underlying the options
Total options after grant
28,000 options
Total derivative holdings following transaction
Option expiration
June 23, 2036
Expiration date of the granted options
Key Terms
Stock Options (Right to buy), Grant, award, or other acquisition, underlying security, exercise price, +1 more
5 terms
Stock Options (Right to buy) financial
"security_title: "Stock Options (Right to buy)""
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
underlying security financial
"underlying_security_title: "Common Stock""
exercise price financial
"conversion_or_exercise_price: "4.0800""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vests in full on the first anniversary financial
"The option vests in full on the first anniversary of the grant date"
FAQ
What insider transaction did Foghorn Therapeutics (FHTX) report for Scott Biller?
Foghorn Therapeutics reported that director Scott Biller received a grant of stock options for 28,000 shares of common stock at an exercise price of $4.08 per share as compensation, vesting after one year of continued board service.
How many FHTX stock options did Scott Biller acquire in this Form 4?
Scott Biller acquired stock options covering 28,000 shares of Foghorn Therapeutics common stock. These options were granted as a compensation award and are not an open-market purchase, but a derivative security that can be exercised at $4.08 per share in the future.
What is the exercise price and expiration date of Scott Biller’s FHTX options?
The granted stock options have an exercise price of $4.08 per share and an expiration date of June 23, 2036. This gives Biller the right to buy Foghorn Therapeutics common stock at $4.08 per share until that expiration date, subject to vesting.
When do Scott Biller’s Foghorn Therapeutics stock options vest?
The stock options granted to Scott Biller vest in full on the first anniversary of the grant date. Vesting is conditioned on his continued service on Foghorn Therapeutics’ board of directors through that one-year period, according to the footnote disclosure.