LeonaBio (LONA) director Fred Callori granted 2,333 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LeonaBio, Inc. director Fred Callori received a grant of stock options covering 2,333 shares of common stock at an exercise price of $8.35 per share. These options vest on the earlier of June 23, 2027 or just before the next annual stockholder meeting after June 22, 2026 and expire on June 22, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Callori Fred
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 2,333 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 2,333 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 2,333 shares
Exercise price: $8.35 per share
Post-grant derivative holdings: 2,333 options
+3 more
6 metrics
Option grant size
2,333 shares
Stock options granted to director Fred Callori
Exercise price
$8.35 per share
Strike price of granted stock options
Post-grant derivative holdings
2,333 options
Total options held following this grant
Option expiration date
June 22, 2036
Expiration of director stock options
Latest vesting date
June 23, 2027
Latest date when options will fully vest
Appointment date reference
May 5, 2026
Board appointment date used for pro-rating grant
Key Terms
Stock Option (Right to Buy), Outside Director Compensation Policy, vest, annual meeting of the Issuer's stockholders
4 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
Outside Director Compensation Policy financial
"option reported was granted pursuant to the terms of the Issuer's Outside Director Compensation Policy"
vest financial
"The shares subject to the option will vest on the earlier of (i) June 23, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual meeting of the Issuer's stockholders financial
"the day immediately before the date of the next annual meeting of the Issuer's stockholders"
FAQ
What insider transaction did LeonaBio (LONA) report for Fred Callori?
LeonaBio reported a stock option grant to director Fred Callori. He received options to acquire 2,333 shares of common stock as part of his outside director compensation, rather than buying shares on the open market, reflecting routine equity-based board compensation.
What is the exercise price of Fred Callori’s LeonaBio (LONA) stock options?
The stock options have an exercise price of $8.35 per share. This means Callori can purchase LeonaBio common stock at $8.35 once the options vest, regardless of the market price at that time, subject to the grant’s terms and expiration date.
When do Fred Callori’s LeonaBio (LONA) stock options vest?
The options vest on the earlier of June 23, 2027, or the day immediately before the next annual stockholder meeting after June 22, 2026. This vesting schedule ties his equity compensation to continued board service over this period.
When do Fred Callori’s LeonaBio (LONA) stock options expire?
The granted options expire on June 22, 2036. After that expiration date, any unexercised portion of the 2,333 options can no longer be used to acquire shares, so potential value depends on LeonaBio’s share price and exercise before expiration.
Why did LeonaBio (LONA) grant stock options to Fred Callori?
The option grant was made under LeonaBio’s Outside Director Compensation Policy. It is pro-rated based on his appointment to the board on May 5, 2026, providing standard equity-based compensation intended to align director incentives with shareholder interests.