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ImmunityBio Board Compensation Revealed in Latest Director Stock Option Grant

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

Rhea-AI Filing Summary

ImmunityBio director Cheryl Cohen received a stock option grant on June 18, 2025, as reported in this Form 4 filing. The derivative securities transaction details include:

  • Grant of 162,786 stock options to purchase common stock
  • Exercise price set at $2.84 per share
  • Options expire on June 18, 2035
  • 100% vesting occurs on the earlier of June 18, 2026 or the day before the next annual stockholder meeting
  • Vesting is contingent on continued service as defined in the 2025 Equity Incentive Plan

This grant represents standard director compensation and was filed by Jason Liljestrom as attorney-in-fact on June 20, 2025. The ownership form is listed as Direct (D), indicating Cohen holds these options personally rather than through any indirect arrangement.

Positive

  • Director Cheryl Cohen received a significant stock option grant of 162,786 shares at $2.84 exercise price, aligning long-term interests with shareholders through one-year cliff vesting

Negative

  • None.
Insider Cohen Cheryl
Role Director
Type Security Shares Price Value
Grant/Award Stock Option (right to buy) 162,786 $0.00 --
Holdings After Transaction: Stock Option (right to buy) — 162,786 shares (Direct)
Footnotes (1)
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Form 4 Insider Transactions: What Each Field Means →
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*
Cohen Cheryl
(Last) (First) (Middle)
C/O IMMUNITYBIO, INC.
3530 JOHN HOPKINS COURT
(Street)
SAN DIEGO CA 92121
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ImmunityBio, Inc. [ IBRX ] 		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)
06/18/2025
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
Stock Option (right to buy) $2.84 06/18/2025 A 162,786 (1) 06/18/2035 Common Stock 162,786 $0 162,786 D
Explanation of Responses:
1. Subject to the reporting person's continuing to be a Service Provider (as defined in the Issuer's 2025 Equity Incentive Plan) through such applicable vesting date, one hundred percent (100%) of the shares subject to the award will vest on the earlier to occur of June 18, 2026 or the date immediately preceding the Issuer's next annual meeting of stockholders.
Remarks:
/s/ Jason Liljestrom, as Attorney-in-Fact 06/20/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What stock options did IBRX director Cheryl Cohen receive on June 18, 2025?

Director Cheryl Cohen received 162,786 stock options with an exercise price of $2.84 per share. These options were granted on June 18, 2025, and expire on June 18, 2035.

What is the vesting schedule for IBRX director Cheryl Cohen's stock options granted in June 2025?

The stock options vest 100% on the earlier of June 18, 2026, or the day before IBRX's next annual meeting of stockholders, subject to Cohen remaining a Service Provider as defined in the company's 2025 Equity Incentive Plan.

How many IBRX shares can Cheryl Cohen purchase through her June 2025 stock options?

Cheryl Cohen can purchase 162,786 shares of IBRX common stock through these stock options at an exercise price of $2.84 per share.

When do Cheryl Cohen's IBRX stock options expire?

The stock options expire on June 18, 2035, ten years after the grant date.

What is Cheryl Cohen's role at IBRX according to the Form 4?

According to the Form 4, Cheryl Cohen serves as a Director of ImmunityBio, Inc. (IBRX). This is indicated by the 'X' marked in the Director box under the Relationship of Reporting Person(s) to Issuer section.