Kiora Pharmaceuticals (KPRX) CDO receives new stock option and restricted share grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kiora Pharmaceuticals Chief Development Officer Eric Joseph Daniels reported new equity awards. He received a stock option for 13,067 shares of common stock at an exercise price of $1.98 per share, and a grant of 6,533 shares of restricted stock, both under the 2024 Equity Incentive Plan.
The restricted stock vests in three equal installments on April 1, 2027, April 1, 2028, and April 1, 2029, subject to continued service. The option vests one-third on April 1, 2027, with the remaining balance vesting monthly over the following two years and expiring on April 1, 2036. After the grants, Daniels directly owns 32,670 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Daniels Eric Joseph
Role
Chief Development Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 13,067 | $0.00 | -- |
| Grant/Award | Common Stock | 6,533 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 13,067 shares (Direct);
Common Stock — 32,670 shares (Direct)
Footnotes (1)
- Grant of restricted stock from the Issuer pursuant to the Issuer's 2024 Equity Incentive Plan (the "Plan"). The restrictions will vest as to one-third (1/3) of the shares on each of April 1, 2027, April 1, 2028 and April 1, 2029, subject to the reporting person's continuous service through each such vesting date. The reporting person received an option to purchase Common Stock from the Issuer pursuant to the Plan. The option will become exercisable as to one-third (1/3) of the shares underlying the Option on April 1, 2027, and the remaining balance vests monthly on the first day of each calendar month thereafter for a period of two years, subject to the reporting person's continuous service through each such vesting date.
FAQ
What equity awards did KPRX executive Eric Joseph Daniels receive?
Eric Joseph Daniels received a stock option for 13,067 Kiora Pharmaceuticals shares at an exercise price of $1.98, plus a grant of 6,533 restricted shares. Both awards were issued under the company’s 2024 Equity Incentive Plan as compensation, not open-market purchases.
How do the new stock options for KPRX’s Chief Development Officer vest?
The 13,067-share stock option vests over three years. One-third of the option becomes exercisable on April 1, 2027, with the remaining shares vesting monthly on the first day of each month for two years, subject to Daniels’ continuous service with the company.
Are Eric Daniels’ KPRX equity awards open-market purchases or compensation grants?
These Kiora Pharmaceuticals transactions are compensation-related grants. Both the 13,067-share stock option and the 6,533 restricted shares were awarded at a price of $0.00 per share under the 2024 Equity Incentive Plan, rather than being bought on the open market.