[Form 4] MiNK Therapeutics, Inc. Insider Trading Activity
MiNK Therapeutics insider grant to director Brian Corvese: The filing reports a stock option grant awarding the Reporting Person the right to buy 3,225 shares of MiNK Therapeutics common stock at an exercise price of $15.36 per share. The transaction date is listed as 09/09/2025 and the option shows an expiration date of 09/09/2035 in the table. The form states the option "vests in full on the one-year anniversary of the date of grant" provided the reporting person continues to serve on the company’s board through that date. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/11/2025.
- Issuance aligns director incentives with shareholders via equity rather than cash compensation.
- Clear vesting condition (vests in full on the one-year anniversary) ties award to continued board service.
- Full disclosure of key terms (number of options, exercise price, transaction date, expiration) is provided on Form 4.
- None.
Insights
TL;DR: A routine director option grant: modest share amount, time-limited exercise window, standard service-based vesting.
The reported grant of 3,225 options at $15.36 appears to be a typical non-employee director equity award disclosed on Form 4. The stated expiration of 09/09/2035 provides a ten-year exercise window from the reported transaction date. The explicit vesting language—"vests in full on the one-year anniversary of the date of grant"—ties realization to continued board service, aligning executive incentives with shareholder interests. From a disclosure perspective, the form supplies the core terms investors need to track potential dilution and insider alignment.
TL;DR: Governance-standard grant with service-based vesting; disclosure is concise and transparent.
The filing documents a director compensation action rather than an employment change or material corporate event. The one-year cliff vesting is a common governance practice for non-employee director awards and reduces immediate selling pressure while incentivizing continued service. The amount—3,225 shares—is small relative to typical public-company float sizes; the Form 4 includes required details such as price, grant date, and expiration, supporting straightforward investor monitoring of insider holdings and potential future exercises.