Larimar Therapeutics (LRMR) CDO awarded 153,822 options and 25,637 RSU shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Larimar Therapeutics reported an insider equity award for Chief Development Officer Shankar Gopi. On January 26, 2026, he received 153,822 stock options with a $3.60 exercise price and vesting over four years, starting 25% on January 26, 2027, then monthly thereafter.
He also acquired 25,637 shares of common stock for $0.00 per share, represented by restricted stock units, bringing his directly held common stock to 76,443 shares. All transactions were classified as awards and reported as directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Shankar Gopi
Role
Chief Development Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 153,822 | $0.00 | -- |
| Grant/Award | Common Stock | 25,637 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 153,822 shares (Direct);
Common Stock — 76,443 shares (Direct)
Footnotes (1)
- Each share is represented by a restricted stock unit ("RSU"). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The option vests 25% on January 26, 2027, with the remaining 75% vesting in equal monthly installments on the last day of each of the 36 calendar months immediately following such date, subject to the Reporting Person's continued service with the Issuer through the applicable vesting date.
FAQ
What insider transaction did Larimar Therapeutics (LRMR) report for Shankar Gopi?
Larimar Therapeutics reported equity awards to Chief Development Officer Shankar Gopi. He received 153,822 stock options and 25,637 shares of common stock as part of an award, with no cash price paid for either grant.
How many Larimar Therapeutics (LRMR) stock options were granted to Shankar Gopi?
Shankar Gopi was granted 153,822 stock options. These options have a $3.60 exercise price and are scheduled to vest over four years, subject to his continued service with Larimar Therapeutics through each applicable vesting date.
What is the vesting schedule for Shankar Gopi’s Larimar Therapeutics stock options?
The stock options vest 25% on January 26, 2027. The remaining 75% vests in equal monthly installments over the next 36 months, contingent on Shankar Gopi’s continued service with Larimar Therapeutics during the vesting period.
Were the Larimar Therapeutics (LRMR) equity awards to Shankar Gopi purchases or grants?
The equity awards to Shankar Gopi were grants, not open-market purchases. Both the 153,822 stock options and 25,637 common shares were reported with a transaction code “A” for awards and a price of $0.00 per share.
What role does Shankar Gopi hold at Larimar Therapeutics (LRMR)?
Shankar Gopi serves as Chief Development Officer at Larimar Therapeutics. The Form 4 identifies him as an officer, with the reported stock option and stock grants reflecting compensation tied to his executive position at the company.