Larimar Therapeutics (LRMR) director awarded 55,150 stock options at $3.33 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Larimar Therapeutics director Frank E. Thomas received a new stock option grant as equity compensation. He was awarded options to purchase 55,150 shares of common stock at an exercise price of $3.33 per share, with no cash paid at grant.
The options vest on the earlier of May 19, 2027 or the date of Larimar’s next annual stockholder meeting, in each case only if he continues serving on the board. Following this grant, he holds 55,150 stock options directly, highlighting a routine, service-based incentive award rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
THOMAS FRANK E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 55,150 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 55,150 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 55,150 options
Exercise price: $3.33 per share
Options held after grant: 55,150 options
+2 more
5 metrics
Options granted
55,150 options
Stock Option (Right to Buy) grant on May 19, 2026
Exercise price
$3.33 per share
Strike price for the 55,150 option shares
Options held after grant
55,150 options
Total derivative holdings following this transaction
Option expiration
May 19, 2036
Expiration date of the granted stock options
Vesting date trigger
Earlier of May 19, 2027 or next annual meeting
Vesting condition tied to continued board service
Key Terms
Stock Option (Right to Buy), exercise price, expiration date, vesting, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
exercise price financial
"conversion_or_exercise_price: "3.3300" per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: "2036-05-19T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
vesting financial
"The options vest on the earlier of (a) May 19, 2027 or (b) the date of the Company's next annual meeting"
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.
Board of Directors financial
"subject to the Reporting Person's continued service on the Board of Directors of the Company"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
