IMMUNIC (IMUX) director receives 445,000 stock options at $11.60 exercise price
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IMMUNIC, INC. director Daniel Vitt received a grant of stock options covering 445,000 shares of common stock as equity compensation. The options have an exercise price of $11.60 per share and expire on April 2, 2036, with all 445,000 options shown as held directly after the grant.
The grant was conditionally approved by the Board of Directors and became effective only after stockholders approved an amendment to the company’s 2019 Omnibus Equity Incentive Plan at the 2026 Annual Meeting held on June 29, 2026. The options vest 25% on April 2, 2027, with the remaining 75% vesting in equal monthly installments over the following thirty-six months, tying director compensation to longer-term company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Vitt Daniel
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 445,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option — 445,000 shares (Direct, null)
Footnotes (1)
- Represents options to purchase shares of common stock conditionally approved by the Board of Directors, subject to approval of an amendment to the Company's 2019 Omnibus Equity Incentive Plan, as amended, by the Company's stockholders, which approval was obtained at the Company's 2026 Annual Meeting of Stockholders held on June 29, 2026. The shares underlying this option vest 25% on April 2, 2027, and the remainder vest in equal increments on each successive one-month anniversary thereafter for the next thirty-six months.
Key Figures
Stock options granted: 445,000 options
Exercise price: $11.60 per share
Options held after grant: 445,000 options
+4 more
7 metrics
Stock options granted
445,000 options
Director grant covering common stock
Exercise price
$11.60 per share
Strike price for option grant
Options held after grant
445,000 options
Total derivative holdings from this grant
Expiration date
April 2, 2036
Option term end date
Initial vesting tranche
25%
Vests on April 2, 2027
Remaining vesting period
36 months
Monthly vesting after April 2, 2027
Annual meeting approval date
June 29, 2026
Shareholders approved plan amendment
Key Terms
Stock Option, 2019 Omnibus Equity Incentive Plan, Annual Meeting of Stockholders, vest
4 terms
Stock Option financial
"Represents options to purchase shares of common stock"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
2019 Omnibus Equity Incentive Plan financial
"subject to approval of an amendment to the Company's 2019 Omnibus Equity Incentive Plan"
Annual Meeting of Stockholders regulatory
"obtained at the Company's 2026 Annual Meeting of Stockholders held on June 29, 2026"
vest financial
"The shares underlying this option vest 25% on April 2, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did IMMUNIC (IMUX) director Daniel Vitt report on this Form 4?
IMMUNIC director Daniel Vitt reported receiving a grant of stock options for 445,000 shares of common stock. The options are compensation-related, not an open-market purchase, and give him the right to buy shares at a fixed exercise price over time if vesting conditions are met.
What are the key terms of Daniel Vitt’s 445,000 IMMUNIC (IMUX) stock options?
The grant covers 445,000 shares with an exercise price of $11.60 per share and an expiration date of April 2, 2036. These terms define the cost to exercise the options and the final date by which they must be exercised to receive shares.
How do Daniel Vitt’s IMMUNIC (IMUX) options vest over time?
The options vest 25% on April 2, 2027, with the remaining 75% vesting in equal monthly installments over the next thirty-six months. This creates a four-year vesting schedule, encouraging continued board service and alignment with longer-term company performance.
How many IMMUNIC (IMUX) derivative securities does Daniel Vitt hold after this grant?
Following the reported transaction, Vitt holds 445,000 stock options directly, according to the filing. This reflects the new grant amount and shows his full derivative position from this grant, which can convert into common shares if exercised after vesting.