Seres Therapeutics (MCRB) director awarded 7,508 stock options vesting by 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seres Therapeutics director Dennis A. Ausiello received a grant of stock options covering 7,508 shares of common stock. The options have an exercise price of $7.94 per share and expire on July 1, 2036. The award vests in four equal quarterly installments on October 1, 2026, January 1, 2027, April 1, 2027, and July 1, 2027, with the final installment vesting earlier if the 2027 annual stockholder meeting occurs before July 1, 2027. Vesting requires his continued service on the board as a non-employee director through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ausiello Dennis A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 7,508 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 7,508 shares (Direct, null)
Footnotes (1)
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Key Figures
Option grant size: 7,508 options
Exercise price: $7.94 per share
Expiration date: July 1, 2036
+1 more
4 metrics
Option grant size
7,508 options
Stock Option (right to buy) granted to director
Exercise price
$7.94 per share
Conversion or exercise price of granted options
Expiration date
July 1, 2036
Option term end for this grant
Post-transaction derivative holdings
7,508 options
Total derivative securities following this grant
Key Terms
Stock Option (right to buy), exercise price, vesting, non-employee director, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
exercise price financial
"conversion_or_exercise_price: 7.9400"
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.
vesting financial
"The option vests and becomes exercisable in four equal quarterly installments"
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.
non-employee director financial
"continuing in service on the Board as a non-employee director"
annual meeting of stockholders financial
"if the issuer's 2027 annual meeting of stockholders occurs before July 1, 2027"
FAQ
What did Seres Therapeutics (MCRB) director Dennis A. Ausiello receive in this Form 4?
Dennis A. Ausiello received a grant of stock options for 7,508 shares of Seres Therapeutics common stock. These are compensation-related options, not an open-market purchase or sale of existing shares.
What is the exercise price and expiration date of Dennis Ausiello’s Seres Therapeutics options?
The granted stock options have an exercise price of $7.94 per share and expire on July 1, 2036. This means he can choose to buy shares at $7.94 any time after vesting until that expiration date.
How do Dennis Ausiello’s Seres Therapeutics options vest according to the Form 4?
The options vest in four equal quarterly installments on October 1, 2026, January 1, 2027, April 1, 2027, and July 1, 2027. If the 2027 annual stockholder meeting occurs earlier, the final installment vests immediately before that meeting.
What service conditions apply to Dennis Ausiello’s MCRB stock option grant?
Each vesting installment is conditioned on Dennis Ausiello continuing to serve on the Seres Therapeutics board as a non-employee director through the relevant vesting date. If service ends earlier, unvested installments would not vest under these terms.
How many Seres Therapeutics derivative securities does Dennis Ausiello hold after this grant?
Following this transaction, Dennis Ausiello holds 7,508 stock options as reported in the filing. These options represent rights to acquire 7,508 shares of Seres Therapeutics common stock upon exercise after they vest.