ImmunityBio (IBRX) director Wesley Clark receives 65,600 stock options at $7.25 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ImmunityBio director Wesley Clark received a new stock option grant. The award covers 65,600 shares of Common Stock at an exercise price of $7.25 per share and expires on June 9, 2036. All 65,600 options vest 100% on the earlier of June 9, 2027 or the date immediately before the next annual stockholder meeting, if he continues as a service provider.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Clark Wesley
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 65,600 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 65,600 shares (Direct, null)
Footnotes (1)
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Key Figures
Options granted: 65,600 options
Exercise price: $7.25 per share
Expiration date: June 9, 2036
+2 more
5 metrics
Options granted
65,600 options
Stock Option (right to buy) grant on June 9, 2026
Exercise price
$7.25 per share
Strike price for ImmunityBio common stock options
Expiration date
June 9, 2036
Option term under the 2025 Equity Incentive Plan
Vesting date
Earlier of June 9, 2027 or pre-annual meeting
Cliff vesting contingent on continued service
Directly owned options after grant
65,600 options
Total derivative holdings shown following transaction
Key Terms
Stock Option (right to buy), 2025 Equity Incentive Plan, vesting, Service Provider
4 terms
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)""
2025 Equity Incentive Plan financial
"defined in the Issuer's 2025 Equity Incentive Plan"
vesting financial
"shares subject to the award will vest on the earlier to occur"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Service Provider financial
"Subject to the reporting person's continuing to be a Service Provider"
FAQ
What did ImmunityBio (IBRX) director Wesley Clark report in this Form 4?
Wesley Clark reported receiving a stock option grant for 65,600 shares of ImmunityBio common stock. The options are part of the company’s 2025 Equity Incentive Plan and represent compensation, not an open-market stock purchase or sale.
What is the exercise price of Wesley Clark’s new ImmunityBio (IBRX) stock options?
The new stock options have an exercise price of $7.25 per share. This means Clark can buy ImmunityBio common stock at $7.25 per share once the options vest, regardless of the market price at that time.
When do Wesley Clark’s ImmunityBio (IBRX) stock options vest?
All 65,600 options vest 100% on the earlier of June 9, 2027 or the day immediately before ImmunityBio’s next annual stockholder meeting. Vesting requires Clark to continue as a service provider through that applicable vesting date.
How many ImmunityBio (IBRX) options does Wesley Clark hold after this transaction?
After this grant, Wesley Clark holds 65,600 stock options according to the filing. These options are directly owned and relate to ImmunityBio common stock under the company’s 2025 Equity Incentive Plan.
Are Wesley Clark’s ImmunityBio (IBRX) option grants an open-market transaction?
No. The Form 4 describes a grant or award acquisition of options, not an open-market trade. The transaction code “A” and a price of $0.00 per option indicate compensation issued by ImmunityBio rather than a market purchase or sale.