Disc Medicine (NASDAQ: IRON) director granted 6,212 stock options at $70.79 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Disc Medicine director Mark Chin received a new stock option grant. On the reported date, he was awarded options covering 6,212 shares of Disc Medicine common stock at an exercise price of $70.79 per share, expiring on June 17, 2036.
The options were granted as compensation and carry no upfront purchase cost, with a grant price of $0.00. According to the terms, the underlying shares vest on the earlier of the company’s 2027 annual shareholder meeting or the one-year anniversary of the grant date, provided he continues serving as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chin Mark
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 6,212 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 6,212 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 6,212 shares
Exercise price: $70.79 per share
Options expiration: June 17, 2036
+1 more
4 metrics
Option grant size
6,212 shares
Stock options on common stock granted to director
Exercise price
$70.79 per share
Strike price for the 6,212-share option award
Options expiration
June 17, 2036
Final expiration date of the option grant
Grant cost
$0.00 per option
Compensation award with no upfront purchase price
Key Terms
Stock Option (Right to Buy), exercise price, expiration date, underlying security, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
exercise price financial
"conversion_or_exercise_price: "70.7900""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: "2036-06-17T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
underlying security financial
"underlying_security_title: "Common Stock""
vest financial
"The shares underlying this option vest upon the first to occur"
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 Disc Medicine (IRON) director Mark Chin report in this Form 4?
Mark Chin reported receiving a stock option grant for 6,212 shares of Disc Medicine common stock. These options are a compensation award, not an open-market purchase, and give him the right to buy shares at a fixed exercise price in the future.
What is the exercise price of Mark Chin’s Disc Medicine (IRON) stock options?
The options have an exercise price of $70.79 per share. This is the fixed price at which he can buy Disc Medicine common stock if the options vest and he chooses to exercise them before the expiration date in 2036.
When do Mark Chin’s Disc Medicine (IRON) stock options vest?
The options vest on the earlier of the company’s 2027 annual shareholder meeting or the one-year anniversary of the grant date. Vesting is contingent on his continued service as a director through that vesting date, according to the award’s terms.
When do Mark Chin’s Disc Medicine (IRON) stock options expire?
The stock options expire on June 17, 2036. After this expiration date, any unexercised portion of the 6,212-share award will lapse, and he will no longer have the right to purchase shares under this specific option grant.