Gossamer Bio CEO stock options repriced to $0.45
Gossamer Bio, Inc. reported that President & CEO Faheem Hasnain had several existing stock option awards surrendered to the company and replaced as part of a one-time repricing effective on March 19, 2026.
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Rhea-AI Filing Summary
Gossamer Bio, Inc. reported that President & CEO Faheem Hasnain had several existing stock option awards surrendered to the company and replaced as part of a one-time repricing effective on March 19, 2026. The repricing reduced the exercise price of each affected option grant to $0.45 per share while keeping all other terms, including vesting schedules and expiration dates, unchanged under the company’s 2019 Incentive Award Plan. Individual grants include, for example, 1,680,000 stock options now exercisable at $0.45 per share expiring in 2036. These are compensation-related derivative transactions rather than open-market share purchases or sales.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Buy) | 1,680,000 | $0.00 | $0.00 |
| Disposition | Stock Option (Right to Buy) | 1,540,000 | $0.00 | $0.00 |
| Disposition | Stock Option (Right to Buy) | 1,312,500 | $0.00 | $0.00 |
| Disposition | Stock Option (Right to Buy) | 437,500 | $0.00 | $0.00 |
| Disposition | Stock Option (Right to Buy) | 544,500 | $0.00 | $0.00 |
| Disposition | Stock Option (Right to Buy) | 544,500 | $0.00 | $0.00 |
| Disposition | Stock Option (Right to Buy) | 650,000 | $0.00 | $0.00 |
| Disposition | Stock Option (Right to Buy) | 325,000 | $0.00 | $0.00 |
| Disposition | Stock Option (Right to Buy) | 47,000 | $0.00 | $0.00 |
| Disposition | Stock Option (Right to Buy) | 43,500 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 1,680,000 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 1,540,000 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 1,312,500 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 437,500 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 544,500 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 544,500 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 650,000 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 325,000 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 47,000 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 43,500 | $0.00 | $0.00 |
Footnotes (2)
- F1. Effective as of March 19, 2026 (the "Repricing Date"), the Issuer approved a one-time repricing of certain outstanding stock options (the "Repriced Options") granted under the Issuer's 2019 Incentive Award Plan (the "2019 Plan"), which reduced the per share exercise price of each Repriced Option to $0.45 (the "Option Repricing"). Except as modified by the Option Repricing, all other terms and conditions of the Repriced Options, including, without limitation, any provisions with respect to vesting and term of the Repriced Options, remain in full force and effect.
- F2. This stock option award was issued pursuant to the 2019 Plan and becomes exercisable in accordance with the vesting schedule specified in the award agreement and as previously reported on applicable Form 4, subject to the Reporting Person's continued service with the Issuer as of the applicable vesting date.
FAQ
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What did Gossamer Bio (GOSS) disclose about Faheem Hasnain’s stock options?
When was the Gossamer Bio CEO stock option repricing effective?
What is the new exercise price of the repriced Gossamer Bio options?
Do the repriced Gossamer Bio (GOSS) options change vesting terms?
Are the Gossamer Bio CEO option transactions open-market trades?
Under which plan were the Gossamer Bio repriced options granted?
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