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Biotech Director Ted Love Receives Major Stock Option Grant at Structure Therapeutics

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Structure Therapeutics (GPCR) director Ted W. Love received a stock option grant on June 23, 2025, representing a significant insider transaction. The grant consists of 51,804 share options with the following key terms:

  • Exercise price: $7.37 per share, based on ADS trading price
  • Vesting schedule: Equal monthly installments over 12 months from June 23, 2025
  • Full vesting: Prior to 2026 annual shareholder meeting
  • Expiration date: June 22, 2035

The options convert to ordinary shares, with each ADS representing three ordinary shares. This grant aligns the director's interests with shareholders through long-term equity compensation. The transaction was reported via Form 4 filing within the required timeframe, with signature by attorney-in-fact Jun Yoon on June 25, 2025.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
LOVE TED W

(Last) (First) (Middle)
C/O STRUCTURE THERAPEUTICS INC.
601 GATEWAY BLVD., SUITE 900

(Street)
SOUTH SAN FRANCISCO CA 94080

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Structure Therapeutics Inc. [ GPCR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Share Option (right to buy) $7.37(1) 06/23/2025 A 51,804 (2) 06/22/2035 Ordinary Shares 51,804(3) $0 51,804 D
Explanation of Responses:
1. The option exercise price per share is equal to the fair market value per Ordinary Share on the grant date based on the trading price of the Issuer's American Depositary Shares ("ADSs").
2. The shares vest in equal monthly installments over the 12 months following June 23, 2025, provided that the grant will in any case be fully vested on the date immediately prior to the date of the Issuer's 2026 annual shareholder meeting,
3. The Ordinary Shares of the Issuer may be represented by ADSs. Each ADS represents three Ordinary Shares of the Issuer.
/s/ Jun Yoon, Attorney-in-Fact 06/25/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many stock options were granted to Ted Love at Structure Therapeutics (GPCR) in June 2023?

According to the Form 4 filing, Ted W. Love was granted 51,804 share options (right to buy) of Structure Therapeutics (GPCR) on June 23, 2025, with an exercise price of $7.37 per share.

What is the vesting schedule for Ted Love's GPCR stock options granted in June 2025?

The stock options vest in equal monthly installments over 12 months following June 23, 2025. However, the grant will become fully vested immediately prior to Structure Therapeutics' 2026 annual shareholder meeting, regardless of the monthly vesting schedule.

What is the exercise price of GPCR stock options granted to director Ted Love?

The exercise price of the stock options is $7.37 per share, which was equal to the fair market value of Structure Therapeutics' Ordinary Shares on the grant date, based on the trading price of the company's American Depositary Shares (ADSs).

When do Ted Love's GPCR stock options expire?

The stock options granted to Ted Love expire on June 22, 2035, which is 10 years from the grant date of June 23, 2025.

What is the conversion ratio of Structure Therapeutics (GPCR) ADSs to Ordinary Shares?

According to the Form 4 filing, each American Depositary Share (ADS) of Structure Therapeutics represents three Ordinary Shares of the company.
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4.45B
66.24M
Biotechnology
Pharmaceutical Preparations
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United States
SOUTH SAN FRANCISCO