Director of Janux Therapeutics (JANX) receives new RSU and stock option awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Janux Therapeutics director Winston Kung received new equity awards. He was granted 5,500 restricted stock units, each representing one share of common stock, and 15,500 stock options with an exercise price of $13.66 per share.
The RSUs vest on the earlier of June 11, 2027 or the next annual stockholder meeting, subject to continuous service. The options vest in equal monthly installments over the 12 months following June 11, 2026, and will in any case be fully vested by the next annual meeting, also subject to continued service. After the grant, Kung directly holds 11,750 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kung Winston
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 15,500 | $0.00 | -- |
| Grant/Award | Common Stock | 5,500 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 15,500 shares (Direct, null);
Common Stock — 11,750 shares (Direct, null)
Footnotes (1)
- Represents the grant of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of the Issuer's common stock. The RSUs will vest on the earlier of (i) June 11, 2027 and (ii) the date of the next annual meeting of the Issuer's stockholders, in each case, subject to the Reporting Person's continuous service on such date. The shares subject to the option will vest in equal monthly installments over the 12 months following June 11, 2026, provided that the shares subject to the option will in any case be fully vested on the date of the next annual meeting of the Issuer's stockholders, subject to the Reporting Person's continuous service on each such date.
Key Figures
RSU grant size: 5,500 shares
Option grant size: 15,500 options
Option exercise price: $13.66 per share
+4 more
7 metrics
RSU grant size
5,500 shares
Restricted stock units granted to director on June 11, 2026
Option grant size
15,500 options
Stock options granted to director on June 11, 2026
Option exercise price
$13.66 per share
Strike price of stock options expiring June 10, 2036
Shares held after grant
11,750 shares
Director’s direct common stock holdings following RSU grant
RSU vesting date
June 11, 2027
Latest vesting date or earlier next annual stockholder meeting
Option vesting schedule
12 monthly installments
Over 12 months following June 11, 2026, subject to service
Option expiration
June 10, 2036
Expiration date of granted stock options
Key Terms
restricted stock units ("RSUs"), Stock Option (right to buy), continuous service, annual meeting of the Issuer's stockholders
4 terms
restricted stock units ("RSUs") financial
"Represents the grant of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Stock Option (right to buy) financial
"Stock Option (right to buy) with an exercise price of 13.6600 per share"
continuous service financial
"subject to the Reporting Person's continuous service on such date"
annual meeting of the Issuer's stockholders financial
"the date of the next annual meeting of the Issuer's stockholders"
FAQ
What did Janux Therapeutics (JANX) director Winston Kung receive in this Form 4?
Winston Kung received 5,500 restricted stock units and 15,500 stock options in Janux Therapeutics. These are compensation-related equity awards, not open-market purchases or sales, and increase his potential ownership tied to future service and vesting conditions.
How do the new RSUs for Janux Therapeutics (JANX) director vest?
The 5,500 RSUs vest on the earlier of June 11, 2027 or the next annual stockholder meeting. Vesting is conditioned on Winston Kung’s continuous service with Janux Therapeutics through the applicable vesting date, aligning his compensation with ongoing board service.
What are the terms of the new stock options reported for JANX?
Winston Kung received 15,500 stock options with an exercise price of $13.66 per share. The options vest in equal monthly installments over the 12 months following June 11, 2026, or sooner by the next annual meeting, subject to continued service.
Are the equity awards to Janux Therapeutics (JANX) director open-market transactions?
No, the awards are compensation grants, not open-market trades. The Form 4 uses transaction code “A” for grant or award, indicating company-issued RSUs and options rather than purchases or sales on a stock exchange.