LENZ Therapeutics (LENZ) grants stock options and RSUs to CMO Marc Odrich
Rhea-AI Filing Summary
LENZ Therapeutics, Inc. reported an equity grant to its Chief Medical Officer, Marc Odrich, effective January 2, 2026. He received a stock option for 84,200 shares of common stock with an exercise price of $16 per share, expiring on January 1, 2036. The option vests 25% one year after the January 2, 2026 vesting commencement date, with the remaining shares vesting monthly over three years, contingent on his continued service under the company’s 2024 Equity Incentive Plan.
Odrich also received 14,000 restricted stock units (RSUs), each representing one share of common stock. For this award, 25% of the RSUs vest one year after the January 2, 2026 grant date, with the remaining RSUs vesting in eight equal installments every six months, also subject to continued service. Both the options and RSUs are reported as directly owned following these grants.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 84,200 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 14,000 | $0.00 | -- |
Footnotes (1)
- Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2024 Equity Incentive Plan) through each applicable date, twenty five percent (25%) of the shares subject to the option shall vest on the one (1) year anniversary of the Vesting Commencement Date, and one thirty-sixth (1/36th) of the remaining shares subject to the option shall vest each month thereafter on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the month). "Vesting Commencement Date" shall mean January 2, 2026. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2024 Equity Incentive Plan) through each applicable date, twenty five percent (25%) of the RSUs subject to the award shall vest on the one (1) year anniversary of the RSU Grant Date, and one eighth (1/8th) of the RSUs subject to the award shall vest every six (6) months thereafter on the same day of the month as the RSU Grant Date (and if there is no corresponding day, on the last day of the month). "RSU Grant Date" shall mean January 2, 2026.
FAQ
What insider transactions did LENZ (LENZ) report for Marc Odrich?
LENZ Therapeutics reported that Chief Medical Officer Marc Odrich received a grant of 84,200 stock options and 14,000 restricted stock units on January 2, 2026, all held as direct ownership.
What are the terms of Marc Odrich’s stock option grant at LENZ (LENZ)?
Odrich’s stock option covers 84,200 shares of common stock at an exercise price of $16 per share, expiring on January 1, 2036. It vests 25% one year after January 2, 2026, with the remaining shares vesting monthly over three years, subject to continued service.
How do the RSUs granted to LENZ CMO Marc Odrich vest?
The 14,000 RSUs granted on January 2, 2026 vest 25% on the one-year anniversary of that date. The remaining RSUs vest in eight equal installments every six months thereafter, conditioned on Odrich remaining a service provider.
What does each RSU granted to Marc Odrich by LENZ represent?
Each restricted stock unit (RSU) represents a contingent right to receive one share of LENZ Therapeutics’ common stock, delivered as the units vest.
Is Marc Odrich’s ownership in LENZ reported as direct or indirect?
The Form 4 shows both the 84,200 stock options and 14,000 RSUs as direct (D) ownership by Marc Odrich, with no separate entity listed for indirect ownership.
What service condition applies to Marc Odrich’s LENZ equity awards?
Both the stock options and RSUs vest only if Odrich continues to be a Service Provider under LENZ’s 2024 Equity Incentive Plan through each applicable vesting date.