Immatics General Counsel reports option and RSU holdings
Immatics N.V. filed an initial Form 3 for General Counsel Edward A. Sturchio Jr., detailing his equity-based holdings.
Rhea-AI Filing Summary
Immatics N.V. filed an initial Form 3 for General Counsel Edward A. Sturchio Jr., detailing his equity-based holdings. The filing lists multiple stock options to buy Ordinary Shares with exercise prices ranging from $8.06 to $12.92 and expirations between 2030 and 2036. It also discloses restricted stock units covering 40,000 Ordinary Shares, which vest in four equal annual installments starting on January 8, 2026. Some options are already fully vested, while others vest over time based on market capitalization performance hurdles and service-based schedules.
Positive
- None.
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Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
Sturchio Edward A Jr
Role
General Counsel
| 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 | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 753,500 contracts (Direct);
Restricted Stock Units — 40,000 contracts (Direct)
Footnotes (9)
- F1. These options to purchase ordinary shares of the Issuer ("Ordinary Shares," and each such option, an "Option") are fully vested.
- F2. 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.
- F3. 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, September 28, 2021, and 6.25% of the Options on each quarterly anniversary of such date over the following three years.
- F4. 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.
- F5. These Options vest 25% on the first anniversary of the grant date, September 13, 2023, then in 12 equal quarterly installments over the following three years.
- F6. 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.
- F7. 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.
- F8. 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.
- F9. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Immatics (IMTX) Form 3 filing for Edward A. Sturchio Jr. show?
The Form 3 shows that Immatics’ General Counsel Edward A. Sturchio Jr. holds multiple stock option grants and restricted stock units tied to Ordinary Shares. It details exercise prices, expiration dates, and vesting terms, establishing his initial reportable equity position as an officer.
What stock options does the Immatics (IMTX) General Counsel hold according to this Form 3?
The General Counsel holds several stock options to buy Immatics Ordinary Shares with exercise prices between $8.06 and $12.92. These options have expiration dates from 2030 through 2036, and various grants feature different vesting conditions, including time-based and performance-based hurdles.
How are the Immatics (IMTX) General Counsel’s restricted stock units structured?
The filing discloses restricted stock units representing 40,000 Immatics Ordinary Shares. Each RSU converts into one Ordinary Share, with the units vesting in four equal annual installments on each anniversary of the grant date, beginning on January 8, 2026, subject to continued service.
Are all of the Immatics (IMTX) General Counsel’s stock options fully vested?
Some options are fully vested, while others vest over time. Certain grants are earned based on market capitalization performance hurdles plus service-vesting schedules, and others vest 25% after one year with the remainder vesting in equal quarterly installments over three additional years.
What performance conditions apply to some Immatics (IMTX) stock options in this Form 3?
Several option grants are eligible to be earned only if specified market capitalization performance hurdles are achieved alongside service-vesting conditions. These typically include 25% vesting on the first anniversary of the grant date and 6.25% vesting on each quarterly anniversary over the following three years.
Over what period do key Immatics (IMTX) option grants to the General Counsel expire?
The disclosed stock option grants to the General Counsel carry long-dated expirations, with different grants expiring between June 30, 2030 and January 7, 2036. This provides a multi-year window during which vested options, once earned, could potentially be exercised into Ordinary Shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
