Director Michael Mendelsohn gets 28,000 Foghorn (FHTX) stock options at $4.08
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Foghorn Therapeutics director Michael Mendelsohn received a grant of stock options covering 28,000 shares of common stock at an exercise price of $4.08 per share. These options were awarded as compensation and give him the right to buy shares at that price in the future.
The options vest in full on the first anniversary of the grant date, as long as he continues to serve on the board of directors. After this grant, he holds 28,000 stock options directly, with an expiration date in 2036, providing long-term equity-based incentives tied to the company’s share performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mendelsohn Michael
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)
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Key Figures
Options granted: 28,000 options
Exercise price: $4.08 per share
Underlying shares: 28,000 shares
+3 more
6 metrics
Options granted
28,000 options
Stock options covering common stock granted to director
Exercise price
$4.08 per share
Option strike price for underlying common stock
Underlying shares
28,000 shares
Common stock underlying the granted options
Expiration date
2036-06-23
Options expire in 2036 if not exercised
Vesting schedule
1-year cliff vesting
Vests in full on first anniversary of grant date
Post-grant holdings
28,000 options
Total options held directly after this grant
Key Terms
Stock Options (Right to buy), grant/award acquisition, exercise price, vests in full, +1 more
5 terms
Stock Options (Right to buy) financial
"security_title: Stock Options (Right to buy)"
grant/award acquisition financial
"transaction_action: grant/award acquisition"
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 financial
"The option vests in full on the first anniversary"
expiration date financial
"expiration_date: 2036-06-23T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What did Michael Mendelsohn acquire in Foghorn Therapeutics (FHTX)?
Michael Mendelsohn received a grant of stock options for 28,000 shares of Foghorn Therapeutics common stock. These options allow him to purchase shares at a fixed $4.08 exercise price if they vest and he chooses to exercise.
What is the exercise price of the new Foghorn Therapeutics (FHTX) options?
The granted stock options have an exercise price of $4.08 per share. This means Mendelsohn can buy Foghorn Therapeutics common stock at $4.08 if he exercises the options after they vest and before expiration.
When do Michael Mendelsohn’s Foghorn Therapeutics (FHTX) options vest?
The stock options vest in full on the first anniversary of the grant date. Vesting is conditional on Mendelsohn’s continued service on Foghorn Therapeutics’ board of directors through that one-year period, aligning compensation with board tenure.
How many Foghorn Therapeutics (FHTX) options does Mendelsohn hold after this grant?
Following this transaction, Mendelsohn holds 28,000 stock options directly. All of these options relate to Foghorn Therapeutics common stock and were acquired in the same grant, establishing his current derivative equity position from this filing.
When do the newly granted Foghorn Therapeutics (FHTX) options expire?
The granted stock options expire in 2036, giving a long-term window to exercise. This extended expiration allows Mendelsohn to potentially benefit from Foghorn Therapeutics’ share performance over many years if the options vest and become valuable.