Damora Therapeutics (DMRA) SVP reports 312,535-share stock option grant
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Damora Therapeutics, Inc. executive Brian Burkavage, SVP of Finance, reported a stock option position on a Form 3. The option gives him the right to buy common stock at $32.00 per share for 312,535 underlying shares, expiring on December 15, 2035.
According to the footnote, 25% of this option will vest on December 15, 2026, with the remainder vesting in equal monthly installments through December 15, 2029, subject to his continued service with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Burkavage Brian
Role
SVP, Finance
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 312,535 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Underlying option shares: 312,535 shares
Exercise price: $32.00 per share
Expiration date: December 15, 2035
+2 more
5 metrics
Underlying option shares
312,535 shares
Underlying common stock for reported stock option
Exercise price
$32.00 per share
Stock option exercise price for common stock
Expiration date
December 15, 2035
Option expiration for stock option holding
Initial vesting date
December 15, 2026
25% of option vests on this date
Final vesting date
December 15, 2029
Remaining option vests in equal monthly installments through this date
Key Terms
Stock Option (right to buy), underlying security, vest, continued service
4 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
underlying security financial
"underlying_security_title: Common Stock"
vest financial
"This option will vest as to 25% on December 15, 2026"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continued service financial
"subject to the Reporting Person's continued service to the Issuer"
FAQ
What insider position did DMRA executive Brian Burkavage report on this Form 3?
Brian Burkavage reported a stock option position giving him rights to buy Damora Therapeutics common shares. The option covers 312,535 underlying shares at a $32.00 exercise price, representing a significant equity-based component of his compensation package.
What are the key terms of Brian Burkavage’s stock option in Damora Therapeutics (DMRA)?
The stock option allows purchase of Damora Therapeutics common stock at $32.00 per share, with 312,535 underlying shares and an expiration date of December 15, 2035. These terms define his long-term potential ownership from this grant.
How does the vesting schedule work for the DMRA stock option reported by Brian Burkavage?
The option vests 25% on December 15, 2026, then in equal monthly installments through December 15, 2029. Vesting is conditioned on his continued service with Damora Therapeutics on each vesting date, tying equity realization to ongoing employment.
Is Brian Burkavage’s stock option in Damora Therapeutics immediately exercisable?
The stock option is not fully exercisable immediately because it vests over time. Only after 25% vests on December 15, 2026, and subsequent monthly vesting through December 15, 2029, will additional portions become exercisable, assuming continued service.
What does the Form 3 filing indicate about derivative holdings for DMRA’s SVP of Finance?
The Form 3 shows a derivative holding: a stock option to acquire 312,535 underlying common shares at $32.00, expiring December 15, 2035. This reflects unexercised options that could convert into shares over time as they vest and are potentially exercised.