Korro Bio (KRRO) director receives 14,677 stock options at $10.59 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Korro Bio, Inc. director Rachel Meyers received a grant of stock options as part of her compensation. The award covers 14,677 options to purchase Common Stock at an exercise price of $10.59 per share, all held directly after the transaction.
These options vest in full on the earlier of the one-year anniversary of the grant date or the company’s next annual meeting of stockholders, provided she continues serving as a non-employee director through that date. The options are scheduled to expire on June 9, 2036, giving a long-dated incentive aligned with the company’s share price performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Meyers Rachel
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
Options granted: 14,677 options
Exercise price: $10.59 per share
Underlying shares: 14,677 shares
+2 more
5 metrics
Options granted
14,677 options
Stock Option (Right to Buy) grant to director Rachel Meyers
Exercise price
$10.59 per share
Exercise price for Korro Bio Common Stock under the option
Underlying shares
14,677 shares
Common Stock underlying the option award
Post-grant derivative holdings
14,677 options
Total options held following the reported transaction
Option expiration date
June 9, 2036
Expiration date for the stock option grant
Key Terms
Stock Option (Right to Buy), non-employee director, annual meeting of stockholders, vest in full, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
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"
vest in full financial
"The shares subject to the option vest in full on the earlier of..."
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.
FAQ
What did Korro Bio (KRRO) director Rachel Meyers report in this Form 4?
Rachel Meyers reported receiving a grant of stock options covering 14,677 shares of Korro Bio Common Stock. The options are a compensation award, not an open-market stock purchase or sale, and are held directly in her name following the transaction.
How many Korro Bio (KRRO) stock options did Rachel Meyers receive and at what price?
She received 14,677 stock options to buy Korro Bio Common Stock at an exercise price of $10.59 per share. This means she can purchase up to 14,677 shares at that fixed price once the options are vested and exercisable.
When do Rachel Meyers’ Korro Bio (KRRO) stock options vest?
The options vest in full on the earlier of the one-year anniversary of the grant date or the date of Korro Bio’s next annual stockholder meeting. Vesting is conditioned on her continued service as a non-employee director through the relevant vesting date.
When do Rachel Meyers’ Korro Bio (KRRO) stock options expire?
The stock options are scheduled to expire on June 9, 2036. After that expiration date, she would no longer be able to exercise them to purchase Korro Bio Common Stock at the stated $10.59 exercise price.