Lineage Cell Therapeutics (LCTX) director awarded 125,000 stock options at $1.30
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lineage Cell Therapeutics director Anula Jayasuriya received a stock option grant covering 125,000 common shares. The options have an exercise price of $1.30 per share and expire on July 1, 2036. This is a compensation-related award, not an open-market purchase.
The option will vest and become exercisable on the earlier of July 1, 2027 and the company’s next annual meeting of shareholders, subject to Jayasuriya’s continuous service with the company. Following this grant, the filing shows 125,000 derivative securities held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jayasuriya Anula
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 125,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 125,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 125,000 options
Exercise price: $1.30 per share
Underlying shares: 125,000 shares
+3 more
6 metrics
Option grant size
125,000 options
Stock Option (Right to Buy) granted to director
Exercise price
$1.30 per share
Conversion or exercise price of stock options
Underlying shares
125,000 shares
Common shares underlying the stock options
Expiration date
July 1, 2036
Option expiration for the grant
Vesting date
Earlier of July 1, 2027 or next annual meeting
Vesting condition subject to continuous service
Post-grant holdings
125,000 derivative securities
Total options held directly after transaction
Key Terms
Stock Option (Right to Buy), exercise price, expiration date, annual meeting of shareholders
4 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
exercise price financial
"conversion_or_exercise_price: 1.3000"
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.
expiration date financial
"expiration_date: 2036-07-01T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What did Lineage Cell Therapeutics (LCTX) director Anula Jayasuriya report on this Form 4?
Director Anula Jayasuriya reported receiving a grant of stock options for 125,000 common shares. These are compensation-related derivative awards, not open-market share purchases, and give her the right to buy shares at a fixed exercise price in the future.
How many Lineage Cell Therapeutics (LCTX) options were granted and at what exercise price?
The filing shows a grant of stock options covering 125,000 common shares at an exercise price of $1.30 per share. This price is the fixed cost Jayasuriya would pay to convert the options into common shares if and when they vest.
When do Anula Jayasuriya’s new LCTX stock options vest and become exercisable?
The options vest and become exercisable on the earlier of July 1, 2027 and Lineage Cell Therapeutics’ next annual meeting of shareholders. Vesting is conditioned on Jayasuriya’s continuous service with the company through that applicable vesting date.
What is the expiration date of the LCTX stock options granted to Anula Jayasuriya?
The granted stock options expire on July 1, 2036. After this expiration date, any unexercised options will lapse and can no longer be used to purchase Lineage Cell Therapeutics common shares at the $1.30 exercise price.
Are the LCTX transactions reported by Anula Jayasuriya open-market trades?
No, the Form 4 reports a compensation-related stock option grant coded as “A” for grant, award, or other acquisition. There were no open-market buy or sell trades; this filing only reflects receipt of derivative awards from the company.
How many derivative securities does Anula Jayasuriya hold after this LCTX option grant?
Following the reported transaction, the Form 4 shows Jayasuriya directly holding 125,000 derivative securities. These represent stock options tied to 125,000 underlying Lineage Cell Therapeutics common shares, subject to the vesting and expiration terms disclosed.