Kiora (KPRX) director Praveen Tyle receives stock options for 40,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kiora Pharmaceuticals director Praveen Tyle received a grant of stock options as equity compensation. The award covers options on 40,000 shares of common stock at an exercise price of $2.63 per share under the 2024 Equity Incentive Plan.
The options become fully exercisable on June 10, 2027 and expire on June 10, 2036. Following this grant, Tyle holds options on 40,000 shares directly, with no open-market buying or selling reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
TYLE PRAVEEN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 40,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 40,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 40,000 shares
Exercise price: $2.63 per share
Vesting date: June 10, 2027
+2 more
5 metrics
Options granted
40,000 shares
Stock options on common stock granted June 10, 2026
Exercise price
$2.63 per share
Strike price of the stock option grant
Vesting date
June 10, 2027
Date options become fully exercisable
Expiration date
June 10, 2036
Option term under 2024 Equity Incentive Plan
Holdings after grant
40,000 options
Total derivative securities following the transaction
Key Terms
Stock Option (right to buy), 2024 Equity Incentive Plan, exercise price, expiration date
4 terms
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)""
2024 Equity Incentive Plan financial
"pursuant to the Issuer's 2024 Equity Incentive Plan."
exercise price financial
"conversion_or_exercise_price: "2.6300""
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: "2036-06-10T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised.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.
FAQ
What insider transaction did Kiora Pharmaceuticals (KPRX) report for Praveen Tyle?
Kiora Pharmaceuticals reported that director Praveen Tyle received a grant of stock options for 40,000 shares of common stock. The options are a compensation award, not an open-market trade, and were issued under the company’s 2024 Equity Incentive Plan.
What is the exercise price of Praveen Tyle’s new Kiora (KPRX) stock options?
The new stock options granted to director Praveen Tyle have an exercise price of $2.63 per share. This is the price he must pay to purchase Kiora common shares if he chooses to exercise the options after they vest.
When do Praveen Tyle’s Kiora (KPRX) stock options vest and become exercisable?
The stock options granted to Praveen Tyle will become fully exercisable on June 10, 2027. Until that vesting date, he cannot exercise them to purchase Kiora common shares, even though the grant has already been awarded.
When do the newly granted Kiora (KPRX) stock options to Praveen Tyle expire?
The options granted to director Praveen Tyle expire on June 10, 2036. If they are not exercised by that date, they will lapse and become worthless, which is standard for long-term equity incentive grants like these.
How many Kiora (KPRX) derivative securities does Praveen Tyle hold after this Form 4?
After this grant, Praveen Tyle holds stock options covering 40,000 shares of Kiora common stock. The Form 4 indicates these options are held directly and are the only derivative position reported in this filing for him.
Were Praveen Tyle’s Kiora (KPRX) options acquired through market buying or as compensation?
The filing shows Praveen Tyle acquired the options as a compensation grant under Kiora’s 2024 Equity Incentive Plan. The transaction code is “A,” indicating a grant or award, not an open-market purchase or sale of existing shares.