Milestone Pharmaceuticals (MIST) COO receives 204,000 stock options at $1.96
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Milestone Pharmaceuticals Inc. reported an amended insider transaction for its Chief Operating Officer. The filing corrects the exercise price on previously reported employee stock options and confirms a grant of 204,000 options with an exercise price of $1.96 per common share.
The options expire on February 2, 2036. One-fourth of the shares underlying the option vest on February 2, 2027, and the remaining shares vest in equal monthly installments over the following 36 months, as long as the executive continues providing service through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nelson Jeffrey Edward
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (right to buy) | 204,000 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 204,000 shares (Direct)
Footnotes (1)
- The exercise price on the initial filings was incorrectly stated. One-fourth (1/4th) of the shares subject to the option vest on February 2, 2027, and one thirty-sixth (1/36th) of the remaining shares subject to this option shall vest each month thereafter, subject to the Reporting Person continuing to provide service through each such date.
FAQ
What insider transaction did Milestone Pharmaceuticals (MIST) report in this Form 4/A?
Milestone Pharmaceuticals reported an amended insider filing for its Chief Operating Officer, reflecting an employee stock option grant for 204,000 common share options at an exercise price of $1.96 per share, expiring on February 2, 2036, subject to a service-based vesting schedule.
Why was the Milestone Pharmaceuticals (MIST) Form 4 amended?
The Form 4 was amended because the exercise price on the initial filings was incorrectly stated. This amendment corrects that error and confirms the accurate exercise price of $1.96 per share for the 204,000 employee stock options granted to the Chief Operating Officer.
What is the exercise price and term of the COO’s stock options at Milestone Pharmaceuticals (MIST)?
The Chief Operating Officer’s employee stock options have an exercise price of $1.96 per common share. These options are scheduled to expire on February 2, 2036, providing a long-dated right to purchase shares if vesting and other conditions are satisfied.
How do the 204,000 Milestone Pharmaceuticals (MIST) options vest for the COO?
One-fourth of the shares subject to the option vest on February 2, 2027. The remaining shares vest in equal monthly installments over the next 36 months, provided the Chief Operating Officer continues to provide service through each applicable vesting date.
Who is the reporting person in the Milestone Pharmaceuticals (MIST) Form 4/A filing?
The reporting person is Milestone Pharmaceuticals Inc.’s Chief Operating Officer, identified as an officer of the issuer. The Form 4/A is signed by Joseph Oliveto as Attorney-in-Fact, indicating he is authorized to sign on behalf of the reporting person for this transaction.
What type of security is reported in the Milestone Pharmaceuticals (MIST) Form 4/A?
The filing reports an employee stock option, described as a right to buy common shares of Milestone Pharmaceuticals. The option covers 204,000 underlying common shares, with a $1.96 exercise price, a February 2, 2036 expiration date, and a multi-year service-based vesting schedule.