Gossamer Bio (GOSS) director receives 115,000 stock options as board compensation grant
Rhea-AI Filing Summary
Gossamer Bio, Inc. director Daniel Thomas O received a stock option award for 115,000 shares of common stock. The option has a per-share exercise price of $0.1780 and expires on June 3, 2036. This grant was made under the company’s Non-Employee Director Compensation Program and represents compensation rather than an open-market purchase.
The entire option becomes fully vested and exercisable on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders, provided he continues serving on the board through that vesting date. Following this grant, he holds 115,000 stock options directly.
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Insights
Routine director stock option grant with standard vesting terms.
The filing shows Gossamer Bio granted director Daniel Thomas O 115,000 stock options at an exercise price of $0.1780 per share, expiring on June 3, 2036. The award is explicitly tied to the Non-Employee Director Compensation Program, indicating a standard board compensation practice.
The option vests in full on the earlier of the first anniversary of the grant or the next annual stockholder meeting, contingent on continued board service. There are no open-market buys or sells and no remaining derivative positions listed beyond this grant, so the transaction is best viewed as routine equity compensation with neutral signaling value for investors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 115,000 | $0.00 | -- |
Footnotes (1)
- Award made pursuant to Non-Employee Director Compensation Program. The entire number of shares subject to this option becomes fully vested and exercisable on the first to occur of (a) the first anniversary of the grant date or (b) the next occurring annual meeting of the Issuer's stockholders, subject to the Reporting Person's continued service on the board of directors of the Issuer through such vesting date.