Glaukos director sells 5,000 shares after option exercise
GLAUKOS Corp director Gilbert H. Kliman reported an exercise-and-sell transaction in company stock.
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Form Type
4
Rhea-AI Filing Summary
GLAUKOS Corp director Gilbert H. Kliman reported an exercise-and-sell transaction in company stock. He exercised stock options to acquire 5,000 shares of Common Stock at $24.69 per share and on the same day sold 5,000 Common Stock shares in an open-market sale at $135.00 per share.
After these transactions, he directly holds 35,528 Common Stock shares, which include 2,731 restricted stock units that are unvested or deferred. The option exercised was originally granted on June 2, 2016 and had fully vested by the first anniversary of the grant date.
Insider Trade Summary
Exercise and Sale: 5,000 shares ($552K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Kliman Gilbert H
Role
Director
Sold
5,000 shs ($675K)
Approx. gross sale proceeds
$675K
Approx. exercise cost
$123K
Approx. pre-tax spread
$552K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 5,000 | $24.69 | $123K |
| Exercise | Common Stock | 5,000 | $24.69 | $123K |
| Sale | Common Stock | 5,000 | $135.00 | $675K |
Holdings After Transaction:
Stock Option (Right to Buy) — 5,000 contracts (Direct);
Common Stock — 35,528 shares (Direct)
Footnotes (2)
- F1. Includes 2,731 restricted stock units that have not vested or been delivered to the Reporting Person, as well as restricted stock units that have vested but delivery of which has been deferred by the Reporting Person.
- F2. This option was granted on June 2, 2016 and fully vested on the first anniversary of the grant date.
Key Figures
Shares sold: 5,000 shares
Sale price: $135.00 per share
Options exercised: 5,000 shares
+4 more
7 metrics
Shares sold
5,000 shares
Common Stock sold in open-market transaction
Sale price
$135.00 per share
Price for 5,000 Common Stock shares sold
Options exercised
5,000 shares
Stock Option (Right to Buy) exercised into Common Stock
Exercise price
$24.69 per share
Exercise price of stock option granted June 2, 2016
Post-transaction holdings
35,528 shares
Total Common Stock directly held after reported transactions
Restricted stock units
2,731 units
Unvested or deferred RSUs included in reported holdings
Option expiration
June 2, 2026
Expiration date of the exercised stock option
Key Terms
open-market sale, Stock Option (Right to Buy), restricted stock units, derivative security, +1 more
5 terms
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) with underlying Common Stock"
restricted stock units financial
"Includes 2,731 restricted stock units that have not vested or been delivered"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
exercise or conversion financial
"Exercise or conversion of derivative security"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did GLAUKOS (GKOS) director Gilbert H. Kliman report in this Form 4?
Director Gilbert H. Kliman reported exercising stock options for 5,000 GLAUKOS shares at $24.69 and selling 5,000 shares at $135.00. These same-day transactions convert an option position into cash while maintaining a remaining direct equity stake in the company.
What stock options did the GLAUKOS (GKOS) director exercise in this filing?
Kliman exercised stock options covering 5,000 shares of GLAUKOS Common Stock at an exercise price of $24.69 per share. The option was granted on June 2, 2016 and had fully vested one year after the original grant date.
What do the restricted stock units mean in the GLAUKOS (GKOS) Form 4?
The filing notes 2,731 restricted stock units within the director’s reported holdings. These units either have not yet vested or have vested but their delivery has been deferred, so they represent additional equity that may be delivered as shares in the future.
Was the GLAUKOS (GKOS) director’s option fully vested before exercise?
Yes. The Form 4 states the option was granted on June 2, 2016 and fully vested on the first anniversary of that grant date. By the exercise date in this report, all 5,000 underlying shares were already vested and available for exercise.
AI-generated analysis. How Rhea-AI works. Not financial advice.
