MapLight Therapeutics (MPLT) grants RSUs and options to CMO
Rhea-AI Filing Summary
MapLight Therapeutics Chief Medical Officer Erin Pennock Foff reported new equity awards in the company’s voting common stock. She received 13,360 restricted stock units at a price of $0, which begin vesting on January 1, 2027 and then quarterly in equal installments, subject to continued service.
She was also granted an employee stock option for 54,240 shares at an exercise price of $15.7 per share. One quarter of these option shares vest on February 5, 2027, with the remainder vesting monthly thereafter, again contingent on ongoing service. Following these grants, she directly beneficially owns 403,835 shares of voting common stock and 54,240 options.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (right to buy) | 54,240 | $0.00 | -- |
| Grant/Award | Voting Common Stock | 13,360 | $0.00 | -- |
Footnotes (1)
- Represents a restricted stock unit ("RSU") award. 1/4th of the RSUs shall vest on January 1, 2027, and 1/16th of the RSUs shall vest on each subsequent April 1, July 1, October 1 and January 1 thereafter, subject to the Reporting Person's continued service through each vesting date. Each RSU represents a contingent right to receive one share of voting common stock of the Issuer. 1/4th of the total shares underlying the option shall vest on February 5, 2027, and 1/48th of the total shares shall vest each month thereafter on the same day of the month, subject to the Reporting Person's continued service through each vesting date.
FAQ
What insider transaction did MapLight Therapeutics (MPLT) report for its CMO?
How many RSUs did the MapLight Therapeutics (MPLT) CMO receive and how do they vest?
What are the terms of the employee stock option granted to the MPLT CMO?
Are the new MapLight Therapeutics RSUs settled in voting common stock?