Director awarded 22,100 LENZ Therapeutics (LENZ) stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LENZ Therapeutics director George Jeffrey P. received a stock option grant covering 22,100 shares of common stock. The option has an exercise price of $6.63 per share and expires on June 15, 2036.
All 22,100 shares vest in a single tranche, provided he continues to serve as an Outside Director, on the earlier of June 15, 2027 or the date of the next annual meeting of stockholders. Following this grant, he holds options for 22,100 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
George Jeffrey P.
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 grant size: 22,100 shares
Exercise price: $6.63 per share
Expiration date: June 15, 2036
+2 more
5 metrics
Option grant size
22,100 shares
Stock option covering LENZ common stock
Exercise price
$6.63 per share
Stock option strike price
Expiration date
June 15, 2036
Option term end date
Vesting date trigger
June 15, 2027 or next annual meeting
100% vesting on earlier date if still Outside Director
Post-grant option holdings
22,100 shares
Total options following transaction, held directly
Key Terms
Stock Option (right to buy), Outside Director, vesting, annual meeting of stockholders
4 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
Outside Director regulatory
"Subject to the Reporting Person continuing to be an Outside Director"
vesting financial
"one hundred percent (100%) of the shares subject to the option shall vest"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual meeting of stockholders regulatory
"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) director George Jeffrey P. report?
He reported receiving a stock option grant for 22,100 shares of LENZ common stock. The options were awarded as director compensation and give him the right to buy shares at a fixed exercise price if vesting conditions are met.
What is the exercise price of the new LENZ Therapeutics stock options?
The options have an exercise price of $6.63 per share. This means George Jeffrey P. can purchase LENZ common stock at $6.63 if he exercises the options once they vest and before they expire in 2036.
When do George Jeffrey P.’s LENZ stock options vest?
The options vest 100% on the earlier of June 15, 2027 or the date of LENZ’s next annual meeting of stockholders. Vesting requires that he continue serving as an Outside Director through the applicable vesting date under the company’s policy.
What is the expiration date of the LENZ stock options granted to the director?
The stock options expire on June 15, 2036. After that date, any unexercised options will lapse and can no longer be used to buy LENZ common shares, even if they were previously vested and exercisable.
Is this LENZ insider transaction a market purchase or a compensation grant?
It is a compensation-related grant, not a market purchase. The Form 4 describes the transaction with code A as a grant or award, providing stock options as part of his compensation for serving as an Outside Director.