LENZ Therapeutics (LENZ) grants director 22,100 stock options at $6.63
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LENZ Therapeutics, Inc. reported that director Shelley B. Thunen received a grant of stock options for 22,100 shares of common stock at an exercise price of $6.63 per share. These options expire on June 15, 2036 and will vest 100% on June 15, 2027 or the next annual stockholder meeting, provided she continues as an Outside Director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Thunen Shelley B
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)
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Key Figures
Stock options granted: 22,100 options
Exercise price: $6.63 per share
Expiration date: June 15, 2036
+2 more
5 metrics
Stock options granted
22,100 options
Grant to director Shelley B. Thunen
Exercise price
$6.63 per share
Strike price for the 22,100 options
Expiration date
June 15, 2036
Option term end
Vesting date
June 15, 2027 or next annual meeting
100% vesting, subject to continued Outside Director service
Post-transaction derivative holdings
22,100 options
Total options held directly after the grant
Key Terms
Stock Option (right to buy), Outside Director, annual meeting of stockholders
3 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
"on the earlier to occur of June 15, 2027 or the date of the next annual meeting of stockholders"
FAQ
What insider transaction did LENZ (LENZ) report for Shelley B. Thunen?
LENZ reported that director Shelley B. Thunen received a grant of stock options for 22,100 shares of common stock. The options were awarded as compensation, not purchased on the open market, and give her the right to buy shares at a fixed exercise price.
What are the key terms of the 22,100 LENZ stock options granted to Shelley B. Thunen?
The grant covers 22,100 stock options with an exercise price of $6.63 per share and an expiration date of June 15, 2036. Each option relates to one share of LENZ common stock, giving the director the right to purchase at that fixed price in the future.
When do Shelley B. Thunen’s LENZ stock options vest?
All 22,100 options will vest 100% on the earlier of June 15, 2027 or the date of LENZ’s next annual meeting of stockholders. Vesting requires that she continue serving as an Outside Director under the company’s Outside Director Compensation Policy through the relevant vesting date.
Is the LENZ Form 4 transaction an open-market purchase or a compensation award?
The Form 4 shows a compensation award, not an open-market purchase. The transaction code is “A,” indicating a grant or award acquisition of stock options, with a transaction price of $0.00 and a separate exercise price of $6.63 per share for future potential purchases.
How many LENZ derivative securities does Shelley B. Thunen hold after this grant?
After this grant, Shelley B. Thunen holds 22,100 stock options directly, according to the reported holdings following the transaction. Each option is exercisable for one share of LENZ common stock, subject to the vesting conditions and the expiration date described in the filing.