Form 4: KTTA awards 493,341 options; vesting over three years
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pasithea Therapeutics (KTTA) disclosed that CEO and director Dr. Tiago Reis Marques was granted a stock option to purchase 493,341 shares of common stock at an exercise price of $0.715 per share. The grant date was 10/24/2025 and the option expires on 10/23/2035.
The option vests 33% on the one-year anniversary of grant, with the remainder vesting in equal quarterly installments over the following two years, subject to continued service. The option fully vests upon a Change in Control as defined in the company’s 2023 Stock Incentive Plan, and vested portions may be exercised for up to three years following termination of continuous service (except for cause).
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Marques Tiago
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 493,341 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 493,341 shares (Direct)
Footnotes (1)
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FAQ
What did KTTA grant to its CEO on the Form 4?
An option to purchase 493,341 shares of common stock at an exercise price of $0.715 per share.
When do the KTTA CEO’s options vest?
33% vests on the one-year anniversary of the grant; the balance vests in equal quarterly installments over the next two years, subject to continued service.
What are the grant and expiration dates for the KTTA CEO’s option?
Grant date: 10/24/2025. Expiration date: 10/23/2035.
What happens to vesting upon a Change in Control at KTTA?
The option will fully vest upon a Change in Control, as defined in the company’s 2023 Stock Incentive Plan.
How long can vested KTTA options be exercised after service ends?
Vested options may be exercised for up to three years following termination of continuous service, other than a termination for cause.
How is the KTTA CEO’s ownership of this option reported?
The Form 4 lists the option as held with Direct (D) ownership.