Korro Bio (NASDAQ: KRRO) director receives 14,677 stock options grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Korro Bio director Timothy R. Pearson reported receiving a grant of stock options under the company’s equity plan. The award covers 14,677 options for Common Stock at an exercise price of $10.59 per share, with no cash paid for the grant itself.
The options vest 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 date. Following this grant, Pearson holds 14,677 stock options directly, which expire on June 9, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PEARSON TIMOTHY R
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
Stock options granted: 14,677 options
Exercise price: $10.59 per share
Expiration date: June 9, 2036
+1 more
4 metrics
Stock options granted
14,677 options
Grant to director Timothy R. Pearson
Exercise price
$10.59 per share
Stock option strike price
Expiration date
June 9, 2036
Option term end date
Underlying shares
14,677 shares Common Stock
Shares covered by options
Key Terms
Stock Option (Right to Buy), exercise price, vest in full, annual meeting of stockholders, +1 more
5 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.
vest in full financial
"The shares subject to the option vest in full on the earlier"
annual meeting of stockholders financial
"the date of the next annual meeting of stockholders"
non-employee director financial
"subject to continued service as a non-employee director"
FAQ
What insider transaction did Korro Bio (KRRO) report for Timothy R. Pearson?
Korro Bio reported that director Timothy R. Pearson received a grant of 14,677 stock options. These options give him the right to buy Common Stock at $10.59 per share as part of his director compensation, rather than reflecting an open-market purchase or sale.
How many Korro Bio (KRRO) stock options were granted to Timothy R. Pearson?
Timothy R. Pearson was granted 14,677 stock options linked to Korro Bio Common Stock. Each option allows him to acquire one share at a fixed exercise price of $10.59, subject to vesting conditions tied to his continued service as a non-employee director.
What is the exercise price and expiration date of Timothy R. Pearson’s Korro Bio options?
The granted stock options carry an exercise price of $10.59 per share and expire on June 9, 2036. This long-dated expiration gives Pearson a multi-year window to exercise the options once they vest, assuming he remains eligible to do so.
When do Timothy R. Pearson’s 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 next annual meeting of stockholders. Vesting is conditional on Pearson’s continued service as a non-employee director through the applicable vesting date, aligning rewards with board tenure.
Was Timothy R. Pearson’s Korro Bio Form 4 transaction a market purchase or sale?
No, the Form 4 reflects a compensation-related grant, not a market trade. Pearson received 14,677 stock options as a grant with a $10.59 exercise price, and no shares were bought or sold in the open market in this reported transaction.
How many Korro Bio (KRRO) stock options does Timothy R. Pearson hold after this grant?
After the reported grant, Timothy R. Pearson holds 14,677 stock options directly. These options relate to Korro Bio Common Stock and represent his entire position reported in this filing, since no additional derivative holdings appear in the derivative position summary.