Director at Korro Bio (NASDAQ: KRRO) awarded stock options for 14,677 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Korro Bio director Jean Francois Formela received a stock option grant as equity compensation. The award covers 14,677 shares of common stock at an exercise price of $10.59 per share and expires on June 9, 2036. The option vests in full on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders, provided he continues serving as a non-employee director through that vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
FORMELA JEAN FRANCOIS
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 14,677 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 14,677 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option shares granted: 14,677 shares
Exercise price: $10.59 per share
Expiration date: June 9, 2036
+2 more
5 metrics
Option shares granted
14,677 shares
Stock Option (Right to Buy) grant to director
Exercise price
$10.59 per share
Conversion or exercise price for the option
Expiration date
June 9, 2036
Option term end date
Total derivative shares after grant
14,677 shares
Stock options held following the transaction
Vesting trigger
1 year or next annual meeting
Earlier of one-year anniversary or next stockholder meeting
Key Terms
Stock Option (Right to Buy), exercise price, non-employee director, annual meeting of stockholders
4 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
exercise price financial
"conversion_or_exercise_price: "10.5900""
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.
non-employee director financial
"subject to continued service as a non-employee director through the applicable vesting date"
annual meeting of stockholders financial
"the date of the next annual meeting of stockholders, subject to continued service"
FAQ
What did Korro Bio (KRRO) director Jean Francois Formela report on this Form 4?
Jean Francois Formela reported receiving a stock option grant for 14,677 shares of Korro Bio common stock. The option is a compensation award, not an open-market purchase, and gives him the right to buy shares at a fixed exercise price.
What is the exercise price and expiration date of Formela’s Korro Bio option grant?
The option has an exercise price of $10.59 per share and expires on June 9, 2036. This means he can choose to buy up to 14,677 shares at $10.59 any time before that expiration, once vested.
When do Jean Francois Formela’s Korro Bio options vest?
The options vest in full on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders. Vesting requires his continued service as a non-employee director through the applicable vesting date.
Is this Korro Bio (KRRO) Form 4 an insider purchase or a compensation award?
This Form 4 reports a compensation-related stock option award, coded as an acquisition (A) for grant or award. It does not reflect an open-market share purchase or sale, but rather an option grant from the company to a director.