Kiora Pharmaceuticals (NASDAQ: KPRX) director receives stock options for 25,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kiora Pharmaceuticals director Carmine N. Stengone received a stock option grant as part of equity compensation. On June 10, 2026, he was awarded options covering 25,000 shares of common stock at an exercise price of $2.63 per share, with no cash paid for the grant itself.
The options were granted under Kiora’s 2024 Equity Incentive Plan and will become fully exercisable on June 10, 2027. They expire on June 10, 2036 if not exercised. After this award, Stengone holds options for 25,000 underlying shares directly, and the filing does not report any open‑market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stengone Carmine N.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 25,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 25,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 25,000 options
Exercise price: $2.63 per share
Underlying shares: 25,000 shares
+4 more
7 metrics
Options granted
25,000 options
Stock Option (right to buy) grant on June 10, 2026
Exercise price
$2.63 per share
Conversion or exercise price for the stock options
Underlying shares
25,000 shares
Common stock underlying the option award
Grant date
June 10, 2026
Option award transaction date
Vesting date
June 10, 2027
Options become fully exercisable on this date
Expiration date
June 10, 2036
Options expire if unexercised by this date
Options held after grant
25,000 options
Total options following this reported transaction
Key Terms
Stock Option (right to buy), 2024 Equity Incentive Plan, exercise price, fully exercisable, +1 more
5 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.
fully exercisable financial
"The Option will become fully exercisable on June 10, 2027."
expiration date regulatory
"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 did Kiora Pharmaceuticals (KPRX) director Carmine Stengone report in this Form 4?
Director Carmine N. Stengone reported receiving a stock option grant for 25,000 shares of Kiora Pharmaceuticals common stock. The options were issued as a compensation award under the company’s 2024 Equity Incentive Plan, not through an open‑market transaction.
What is the exercise price of Carmine Stengone’s Kiora (KPRX) stock options?
The options have an exercise price of $2.63 per share. This means Stengone can purchase Kiora common stock at $2.63 per share once the options vest and before they expire, regardless of the market price at that time.
When do Carmine Stengone’s Kiora (KPRX) stock options vest and become exercisable?
The stock options will become fully exercisable on June 10, 2027. Until that vesting date, Stengone cannot exercise the options, but after vesting he may choose to exercise any or all of the 25,000 optioned shares before expiration.
When do the newly granted Kiora (KPRX) stock options to Carmine Stengone expire?
The options expire on June 10, 2036 if they are not exercised. After that expiration date, Stengone will no longer have the right to purchase Kiora common stock under this particular 25,000‑share option grant.
Is Carmine Stengone’s Kiora (KPRX) Form 4 a stock purchase or a compensation award?
This Form 4 reflects a compensation award, not an open‑market stock purchase. Stengone received stock options at no cost on the grant date, giving him rights to buy Kiora shares later at a fixed exercise price of $2.63 per share.