Immatics (IMTX) CMO Cedrik Britten reports option, RSU and share holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Immatics N.V. Chief Medical Officer Cedrik Michael Britten has filed an initial Form 3 detailing his equity holdings in the company. The filing lists multiple stock options to buy Ordinary Shares at exercise prices between $8.0600 and $11.0000, with expirations ranging from 2030-06-01 to 2036-01-07. Individual grants include, for example, options over 255,000 underlying Ordinary Shares at an exercise price of $10.0000 expiring on 2030-06-30, and options over 200,000 underlying Ordinary Shares at an exercise price of $9.3200 expiring on 2036-01-07. Footnotes describe vesting schedules, including options that are fully vested and others that vest over four-year periods. The filing also reports 50,000 restricted stock units, each convertible into one Ordinary Share, and 250 Ordinary Shares held directly. This Form 3 records existing positions and does not show any new purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
Britten Cedrik Michael
Role
Chief Medical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 94,329 shares (Direct);
Restricted Stock Units — 50,000 shares (Direct);
Ordinary Shares — 250 shares (Direct)
Footnotes (1)
- These options to purchase ordinary shares of the Issuer ("Ordinary Shares," and each such option, an "Option") are fully vested. These Options are eligible to be earned based on the achievement of specified market capitalization performance hurdles and service-vesting conditions. The service-vesting conditions are satisfied as to 25% of the Options on the first anniversary of the grant date, June 30, 2020, and 6.25% of the Options on each quarterly anniversary of such date over the following three years. These Options vest 25% on the first anniversary of the grant date, December 13, 2022, then in 12 equal quarterly installments over the following three years. These Options vest 25% on the first anniversary of the grant date, December 5, 2023, then in 12 equal quarterly installments over the following three years. These Options vest 25% on the first anniversary of the grant date, December 3, 2024, then in 12 equal quarterly installments over the following three years. These Options vest 25% on the first anniversary of the grant date, January 8, 2026, then in 12 equal quarterly installments over the following three years. Each restricted stock unit ("RSU") represents a contingent right to receive one Ordinary Share. These RSUs vest in four equal annual installments on each anniversary of the grant date, January 8, 2026.
FAQ
What does Cedrik Michael Britten report in his Immatics (IMTX) Form 3?
He reports existing equity holdings in Immatics, including several stock option grants, 50,000 restricted stock units, and 250 Ordinary Shares. The options carry various exercise prices and expiration dates, reflecting a mix of fully vested and time-vested awards tied to his role.
Are there any buy or sell transactions in the Immatics (IMTX) Form 3 for Cedrik Britten?
No, the Form 3 shows only holdings, not new buy or sell transactions. All entries are labeled as holdings, with transaction codes and directions unknown, and the transaction summary shows no buy, sell, exercise, gift, or tax-withholding activity reported.
What stock option awards does Cedrik Britten hold in Immatics (IMTX)?
He holds multiple stock options over Ordinary Shares, with exercise prices such as $10.0000, $9.6800, $9.0600, and $8.0600. Expiration dates range from 2030-06-01 to 2036-01-07, providing long-dated potential for share acquisition.
How do Cedrik Britten’s Immatics (IMTX) options vest according to the Form 3 footnotes?
Footnotes state some options are fully vested, while others vest 25% on the first anniversary of their grant dates, then in 12 equal quarterly installments over three years. One grant also depends on market capitalization performance hurdles alongside service-vesting conditions.
What restricted stock units does Cedrik Britten hold in Immatics (IMTX)?
He holds 50,000 restricted stock units, each representing a contingent right to receive one Ordinary Share. According to footnotes, these RSUs vest in four equal annual installments on each anniversary of the grant date, identified as January 8, 2026.