Glaukos (GKOS) director exercises 15,000 options at $24.69
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLAUKOS Corp director David F. Hoffmeister exercised stock options to acquire 15,000 shares of Common Stock at $24.69 per share. The exercised options were granted on June 2, 2016 and were fully vested by the first anniversary of the grant date, and now show zero remaining. After the transaction, he holds 47,671 shares of Common Stock directly, which include 2,861 restricted stock units that are unvested or deferred, and 38,176 shares indirectly through Sentinel Point Partners, Inc.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,000 shares exercised/converted
Mixed
3 txns
Insider
Hoffmeister David F
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 15,000 | $24.69 | $370K |
| Exercise | Common Stock | 15,000 | $24.69 | $370K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 shares (Direct, null);
Common Stock — 47,671 shares (Direct, null);
Common Stock — 38,176 shares (Indirect, Through Sentinel Point Partners, Inc.)
Footnotes (1)
- Includes 2,861 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. This option was granted on June 2, 2016 and fully vested on the first anniversary of the grant date.
Key Figures
Options exercised: 15,000 shares
Exercise price: $24.69 per share
Direct common shares after exercise: 47,671 shares
+5 more
8 metrics
Options exercised
15,000 shares
Stock Option (Right to Buy) exercised into Common Stock
Exercise price
$24.69 per share
Exercise or conversion of derivative security
Direct common shares after exercise
47,671 shares
Total direct Common Stock holdings following transaction
Indirect common shares
38,176 shares
Held through Sentinel Point Partners, Inc.
Restricted stock units included
2,861 RSUs
Unvested or delivery-deferred RSUs within direct holdings
Remaining options after exercise
0 options
Stock Option (Right to Buy) total shares following transaction
Option grant date
June 2, 2016
Grant date for exercised stock option
Option expiration date
June 2, 2026
Expiration date of exercised stock option
Key Terms
Stock Option (Right to Buy), derivative security, restricted stock units, indirect ownership, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
derivative security financial
"transaction_code_description: "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.
restricted stock units financial
"Includes 2,861 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.
indirect ownership financial
"ownership_type: "indirect" and nature_of_ownership: "Through Sentinel Point Partners, Inc.""
fully vested financial
"This option was granted on June 2, 2016 and fully vested on the first anniversary"
FAQ
What did Glaukos (GKOS) director David F. Hoffmeister report in this Form 4?
David F. Hoffmeister reported exercising stock options for 15,000 Glaukos common shares at $24.69 per share. These options were originally granted in June 2016 and were fully vested, converting his derivative position into additional directly held common stock.
What was the exercise price of David F. Hoffmeister’s Glaukos (GKOS) stock options?
The exercised Glaukos stock options had an exercise price of $24.69 per share for 15,000 underlying common shares. These options were granted on June 2, 2016 and had fully vested by the first anniversary of the grant date before being exercised.
What does the Form 4 say about David F. Hoffmeister’s Glaukos (GKOS) restricted stock units?
The Form 4 notes that his direct holdings include 2,861 restricted stock units. These units have not yet vested or been delivered, or have vested with delivery deferred, meaning they represent additional potential equity not yet settled as freely tradable shares.