Jade Biosciences (JBIO) awards director 34,843 stock options at $15.22
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jade Biosciences director Klein Lawrence Otto received a grant of stock options covering 34,843 shares of common stock. These options have an exercise price of $15.22 per share and expire on June 8, 2036. The award vests in full on the earlier of June 9, 2027 or the next annual stockholder meeting, subject to his continued service. Following this compensation grant, he holds 34,843 derivative securities directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Klein Lawrence Otto
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 34,843 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 34,843 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 34,843 options
Exercise price: $15.22 per share
Underlying shares: 34,843 shares
+3 more
6 metrics
Option grant size
34,843 options
Stock Option (Right to Buy) granted to director
Exercise price
$15.22 per share
Conversion or exercise price of the options
Underlying shares
34,843 shares
Common stock underlying the option award
Post-transaction holdings
34,843 derivative securities
Total options held following the transaction
Expiration date
June 8, 2036
Option award expiration date
Vesting date trigger
Earlier of June 9, 2027 or next annual meeting
Full vesting condition subject to continued service
Key Terms
Stock Option (Right to Buy), exercise price, expiration date, vests in full, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
exercise price financial
"conversion_or_exercise_price: "15.2200" per share"
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: "2036-06-08T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised.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.
vests in full financial
"This option ... vests in full on the earlier of (i) June 9, 2027"
continued service financial
"in each case, subject to the Reporting Person's continued service to the Issuer"
FAQ
What insider transaction did Jade Biosciences (JBIO) report for Klein Lawrence Otto?
Jade Biosciences reported that director Klein Lawrence Otto received a grant of stock options. The award covers 34,843 shares of common stock as a derivative security, reflecting equity-based compensation rather than an open-market purchase of existing shares by the director.
What is the exercise price of the Jade Biosciences (JBIO) stock options granted?
The stock options granted to Klein Lawrence Otto carry an exercise price of $15.22 per share. This means he can later purchase Jade Biosciences common stock at $15.22 for each of the 34,843 underlying shares covered by the award, subject to vesting.
When do Klein Lawrence Otto’s Jade Biosciences (JBIO) stock options vest?
The options vest in full on the earlier of June 9, 2027 or the date of Jade Biosciences’ next annual stockholder meeting. Vesting is conditioned on Klein Lawrence Otto’s continued service to the company through that applicable vesting date, as described in the filing footnote.
When do the newly granted Jade Biosciences (JBIO) stock options expire?
The stock options granted to Klein Lawrence Otto expire on June 8, 2036. After that expiration date, any unexercised portion of the 34,843-share option award would no longer be exercisable, effectively eliminating the right to buy stock at the $15.22 exercise price.