Lineage Cell Therapeutics (LCTX) grants 900,000 stock options to General Counsel
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Samuel George A. III reported acquisition or exercise transactions in this Form 4 filing.
Lineage Cell Therapeutics, Inc. reported that its General Counsel and Secretary, Samuel George A. III, received a grant of 900,000 employee stock options on March 5, 2026. These options were awarded at no purchase price at grant as part of his compensation.
According to the vesting terms, one quarter of the options will vest on March 5, 2027, and the remaining options will vest in 36 monthly installments after that date, contingent on continuous employment each month.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Samuel George A. III
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 900,000 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 900,000 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Lineage Cell Therapeutics (LCTX) report for Samuel George A. III?
Lineage Cell Therapeutics reported that General Counsel and Secretary Samuel George A. III was granted 900,000 employee stock options. The options were awarded at no purchase price at grant and represent a compensation award rather than an open-market share purchase or sale.
When do the newly granted Lineage Cell Therapeutics (LCTX) stock options begin vesting?
The granted options begin vesting on March 5, 2027, when one quarter of the award vests. The remaining options then vest in 36 equal monthly installments thereafter, conditioned on the completion of each month of continuous employment with Lineage Cell Therapeutics.
How many stock options did Lineage Cell Therapeutics (LCTX) grant to its General Counsel?
Lineage Cell Therapeutics granted 900,000 employee stock options to its General Counsel and Secretary, Samuel George A. III. Following this award, he held a total of 900,000 derivative securities of this type, reflecting the full amount of the new grant in this filing.
Is the Lineage Cell Therapeutics (LCTX) Form 4 transaction a purchase or a grant?
The Form 4 transaction is a grant of stock options, not an open-market purchase. It is coded as a grant, award, or other acquisition, with 900,000 employee stock options awarded at no purchase price to the company’s General Counsel and Secretary.
What conditions affect vesting of the new Lineage Cell Therapeutics (LCTX) options?
Vesting of the options depends on continuous employment. One quarter vests on March 5, 2027, and the remaining portion vests in 36 monthly installments, each tied to completion of a month of ongoing service with Lineage Cell Therapeutics.