Damora Therapeutics (DMRA) director option grant tied to Fairmount funds
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Damora Therapeutics, Inc. reported that director Christopher W. Cain was granted a stock option covering 37,313 shares of common stock at an exercise price of $23.05 per share. The option expires on March 23, 2036 and vests in equal monthly installments through March 23, 2029, conditioned on his continued service.
According to the disclosure, Cain holds this option for one or more investment vehicles managed by Fairmount Funds Management LLC, is required to turn over any net cash or stock from the option to Fairmount, and therefore disclaims beneficial ownership of both the option and the underlying shares. Fairmount also disclaims beneficial ownership except to the extent of its pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CAIN CHRISTOPHER W.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 37,313 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 37,313 shares (Direct)
Footnotes (1)
- This option represents a right to purchase shares of common stock of the Issuer. This option will vest in equal monthly installments through March 23, 2029, subject to the Reporting Person's continued service to the Issuer on each such vesting date. Under the Reporting Person's arrangement with Fairmount Funds Management LLC ("Fairmount"), the Reporting Person holds the option for one or more investment vehicles managed by Fairmount (each, a "Fairmount Fund"). The Reporting Person is obligated to turn over to Fairmount any net cash or stock received from the option for the benefit of such Fairmount Fund. The Reporting Person therefore disclaims beneficial ownership of the option and underlying common stock. Fairmount disclaims beneficial ownership of any of the reported securities, except to the extent of its pecuniary interest therein.
FAQ
What did Damora Therapeutics (DMRA) disclose in this Form 4 filing?
Damora Therapeutics disclosed that director Christopher W. Cain received a stock option for 37,313 shares at an exercise price of $23.05 per share. The option was granted as compensation and will vest over several years, subject to his continued service.
How large is the stock option grant reported for Damora (DMRA) director Cain?
The grant covers an option to purchase 37,313 shares of Damora Therapeutics common stock. This entire amount is reflected as held following the transaction, with the option structured to vest in equal monthly installments over a multi‑year period ending in March 2029.
What are the key terms of the Damora (DMRA) stock option granted to Christopher Cain?
The option allows Cain to buy 37,313 shares at $23.05 per share and expires on March 23, 2036. It vests in equal monthly installments through March 23, 2029, and continued service to Damora Therapeutics is required on each vesting date.
How does the Fairmount Funds arrangement affect the Damora (DMRA) option grant?
Cain holds the option for investment vehicles managed by Fairmount Funds Management LLC and must turn over any net cash or stock to Fairmount. He disclaims beneficial ownership of the option and underlying shares, and Fairmount disclaims ownership except for its pecuniary interest.
Over what period will the Damora (DMRA) option grant to Cain vest?
The option will vest in equal monthly installments through March 23, 2029. Each monthly vesting is conditioned on Cain’s continued service to Damora Therapeutics on the relevant date, spreading the benefit of the grant over several years rather than immediately.