Imunon (NASDAQ: IMNN) grants 12,667 stock options to its CMO
Rhea-AI Filing Summary
Imunon, Inc. Chief Medical Officer Douglas Vincent Faller reported a new stock option grant for 12,667 shares of common stock. The options were granted on January 2, 2026 with an exercise price of $3.95 per share, equal to the closing price of Imunon common stock on the grant date. The filing shows the options were acquired at a price of $0 as part of an equity award and are held directly.
The options vest over time: one-half of the grant vests on the grant date, one-quarter on the first anniversary, and the remaining one-quarter on the second anniversary of the grant date. The options are exercisable through January 2, 2036, providing the CMO with long-term equity-based incentives tied to Imunon’s share price performance.
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FAQ
What insider transaction did Imunon (IMNN) report in this Form 4?
The report shows that Chief Medical Officer Douglas Vincent Faller received a grant of 12,667 stock options to buy Imunon common stock.
What is the exercise price of the Imunon (IMNN) stock options granted to the CMO?
The stock options have an exercise price of $3.95 per share, which represents the closing price of Imunon common stock on the January 2, 2026 grant date.
How do the Imunon (IMNN) stock options granted to the CMO vest?
The options vest in stages: 1/2 vests on the grant date, 1/4 vests on the one-year anniversary, and 1/4 vests on the two-year anniversary of the January 2, 2026 grant date.
When do the Imunon (IMNN) CMO stock options expire?
The stock options granted to the Chief Medical Officer expire on January 2, 2036, giving a ten-year term from the grant date.
How many derivative securities does the Imunon (IMNN) CMO hold after this transaction?
Following this grant, the Chief Medical Officer beneficially owns 12,667 stock options, held in direct ownership.
Did the Imunon (IMNN) CMO pay anything for these stock options on grant?
No cash was paid at grant; the options were acquired at a price of $0 as an equity award, with a strike price of $3.95 per share for future exercises.