LENZ (LENZ) director receives 22,100 stock options at $6.63 strike price
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LENZ Therapeutics director James W. McCollum received a new stock option grant for 22,100 shares of common stock. The option has an exercise price of $6.63 per share and expires on June 15, 2036. Following this grant, he holds options for 22,100 shares directly.
According to the terms, all 22,100 option shares vest in a single tranche if he continues serving as an Outside Director through the vesting date. Vesting occurs on the earlier of June 15, 2027 or the date of the next annual meeting of stockholders.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MCCOLLUM JAMES W
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
Option shares granted: 22,100 shares
Exercise price: $6.63 per share
Expiration date: June 15, 2036
+3 more
6 metrics
Option shares granted
22,100 shares
Stock Option (right to buy) grant on June 15, 2026
Exercise price
$6.63 per share
Conversion or exercise price of granted options
Expiration date
June 15, 2036
Option term end for this grant
Shares underlying options
22,100 shares
Underlying common stock tied to this option award
Derivative holdings after grant
22,100 options
Total shares following transaction, direct ownership
Vesting date trigger
June 15, 2027
Or earlier on date of next annual meeting, subject to service
Key Terms
Stock Option (right to buy, Outside Director, annual meeting of stockholders, Common Stock
4 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"
annual meeting of stockholders financial
"the earlier to occur of June 15, 2027 or the date of the next annual meeting of stockholders"
Common Stock financial
"underlying_security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did LENZ director James W. McCollum report on this Form 4 for LENZ?
James W. McCollum reported a grant of stock options for 22,100 shares of LENZ Therapeutics common stock. These options are a compensation-related award, not an open-market purchase or sale, and were reported as a derivative acquisition transaction.
What is the exercise price and expiration date of McCollum’s LENZ stock options?
The granted stock options have an exercise price of $6.63 per share and an expiration date of June 15, 2036. This means he can buy up to 22,100 LENZ shares at $6.63 any time before that expiration, once the options vest.
When do James W. McCollum’s LENZ stock options vest under this award?
All 22,100 option shares vest in a single tranche if he remains an Outside Director. Vesting occurs on the earlier of June 15, 2027, or the date of the next annual meeting of stockholders, subject to his continued service through that date.
Is this LENZ Form 4 transaction a market purchase or sale of common stock?
No, the Form 4 reports a grant of stock options, not a market trade in common shares. The transaction code is “A” for a grant or award acquisition, reflecting a compensation-related derivative award rather than an open-market buy or sell.
What is James W. McCollum’s reported LENZ derivative position after this transaction?
After this transaction, McCollum is reported as holding 22,100 stock options linked to LENZ common stock. All of these options are tied to the new grant, with direct ownership reported and no additional remaining derivative positions listed in this filing.