Director at LENZ Therapeutics (NASDAQ: LENZ) receives 22,100 options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LENZ Therapeutics director Frederic Guerard received a grant of stock options for 22,100 shares of common stock. The options have an exercise price of $6.63 per share and expire on June 15, 2036. Following this grant, Guerard holds 22,100 derivative securities directly.
According to the vesting terms, all 22,100 options vest 100% on the earlier of June 15, 2027 or the date of the next annual meeting of stockholders, as long as he continues to serve as an Outside Director under the company’s Outside Director Compensation Policy.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Guerard Frederic
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 22,100 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 22,100 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 22,100 options
Exercise price: $6.63 per share
Post-transaction derivative holdings: 22,100 derivative securities
+2 more
5 metrics
Options granted
22,100 options
Stock Option (right to buy) grant to director
Exercise price
$6.63 per share
Conversion or exercise price of options
Post-transaction derivative holdings
22,100 derivative securities
Total options held following grant
Vesting date trigger
June 15, 2027
Full vesting or earlier next annual stockholder meeting
Expiration date
June 15, 2036
Option contract expiration
Key Terms
Stock Option (right to buy), Outside Director, Outside Director Compensation Policy, annual meeting of stockholders, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)""
Outside Director financial
"Subject to the Reporting Person continuing to be an Outside Director"
Outside Director Compensation Policy financial
"as defined in the Issuer's Outside Director Compensation Policy"
annual meeting of stockholders financial
"the earlier to occur of June 15, 2027 or the date of the next annual meeting of stockholders"
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What insider transaction did LENZ director Frederic Guerard report on this Form 4?
Frederic Guerard reported receiving a grant of 22,100 stock options for LENZ Therapeutics common shares. These derivative securities were awarded as compensation, not purchased on the open market, and give him the right to buy shares at a fixed exercise price in the future.
What is the exercise price and size of the LENZ stock options granted to Frederic Guerard?
The grant covers 22,100 stock options with an exercise price of $6.63 per share. This price is the amount he would pay per share if he chooses to exercise the options, giving clear terms for potential future share acquisition.
When do Frederic Guerard’s LENZ Therapeutics stock options vest?
All 22,100 options vest 100% on the earlier of June 15, 2027 or the date of the next annual meeting of stockholders. Vesting is conditioned on Guerard continuing to serve as an Outside Director under the company’s Outside Director Compensation Policy.
What is the expiration date of the LENZ stock options granted to Frederic Guerard?
The stock options granted to Frederic Guerard expire on June 15, 2036. After this expiration date, any unexercised options become worthless, so potential future share purchases must occur before that long-dated deadline if he chooses to exercise.
Is Frederic Guerard’s LENZ Form 4 transaction a stock purchase or a compensation award?
The Form 4 reflects a compensation-related award, not an open-market stock purchase. The transaction is coded as a grant or award acquisition of derivative securities, providing Guerard with options to buy shares rather than immediate ownership of common stock.
How many LENZ derivative securities does Frederic Guerard hold after this option grant?
After the reported transaction, Guerard holds 22,100 derivative securities directly. These correspond to stock options giving the right to acquire 22,100 shares of LENZ Therapeutics common stock if he exercises them under the specified terms and vesting schedule.