Kymera Therapeutics Board Member Receives Strategic Options Package Worth $745,000
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kymera Therapeutics (KYMR) director Bruce Booth received a new stock option grant on June 25, 2025. The grant details include:
- 16,000 stock options with exercise price of $46.47 per share
- Options expire on June 24, 2035
- Full vesting occurs at earlier of June 25, 2026 or next annual stockholder meeting
Notable disclosure: Proceeds from any share sales upon exercise will be transferred to Atlas Venture Life Science Advisors, LLC. Booth disclaims ownership except for his pecuniary interest. This arrangement suggests institutional relationship between the director and Atlas Venture, indicating potential venture capital/investment advisory connection.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Booth Bruce
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 16,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 16,000 shares (Direct)
Footnotes (1)
- The shares underlying this stock option shall vest in full upon the earlier to occur of (i) June 25, 2026 and (ii) the date of the next annual meeting of the Issuer's stockholders. This option was granted to the Reporting Person, a director of the Issuer. The proceeds of any sale of shares of common stock issued to the Reporting Person upon exercise of this option will be transferred to Atlas Venture Life Science Advisors, LLC and as such, the Reporting Person disclaims ownership of such securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except to the extent of his pecuniary interest therein, if any.
FAQ
What stock options did Bruce Booth receive from KYMR on June 25, 2025?
Bruce Booth received 16,000 stock options with an exercise price of $46.47 per share. These options were granted as part of his role as a director of Kymera Therapeutics and will expire on June 24, 2035.
When do Bruce Booth's KYMR stock options vest?
The stock options will vest in full upon the earlier of two dates: (i) June 25, 2026 or (ii) the date of Kymera Therapeutics' next annual stockholders meeting.
Who owns the proceeds from Bruce Booth's KYMR stock options?
According to the filing, the proceeds from any sale of shares issued upon exercise of these options will be transferred to Atlas Venture Life Science Advisors, LLC. Booth disclaims ownership except for his pecuniary interest, if any.
What is Bruce Booth's role at KYMR?
Bruce Booth serves as a Director at Kymera Therapeutics (KYMR), as indicated by the 'X' marked in the Director box on the Form 4 filing.
What was the total value of stock options granted to Bruce Booth by KYMR?
The Form 4 shows Bruce Booth was granted 16,000 stock options with an exercise price of $46.47 per share. The options themselves were granted at $0 cost, but would cost $743,520 (16,000 × $46.47) to exercise in full.