Niocorp (NB) executive awarded 97,720 stock options vesting through 2028
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NIOCORP DEVELOPMENTS LTD reported that Chief Communications Officer James T. Sims received a grant of employee stock options covering 97,720 common shares. The options have an exercise price of $4.74 per share and expire on July 6, 2031. According to the vesting terms, 34% of the options vested on the grant date, 33% will vest on the first anniversary of the grant date, and the remaining balance will vest on the second anniversary on July 6, 2028. This is a compensation-related award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sims James T.
Role
Chief Communications Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 97,720 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 97,720 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 97,720 options
Exercise price: $4.74 per share
Options after transaction: 97,720 options
+4 more
7 metrics
Options granted
97,720 options
Employee stock option grant to Chief Communications Officer
Exercise price
$4.74 per share
Exercise price for granted employee stock options
Options after transaction
97,720 options
Total options held by Sims following the grant
Initial vesting portion
34% of options
Vested on the grant date
Second vesting portion
33% of options
Vest on first anniversary of grant date
Final vesting date
July 6, 2028
Remaining balance of options vests
Option expiration
July 6, 2031
Expiration date of the employee stock options
Key Terms
Employee Stock Option (Right to Buy), grant date, vested, expiration date, +1 more
5 terms
Employee Stock Option (Right to Buy) financial
"security_title: Employee Stock Option (Right to Buy)"
grant date financial
"34% of the options vested on the grant date, 33% of the options"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
vested financial
"34% of the options vested on the grant date, 33% of the options will vest"
expiration date financial
"expiration_date: 2031-07-06T00:00:00.000Z"
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.
underlying security financial
"underlying_security_title: Common Shares"
FAQ
What insider transaction did NIOCORP (NB) report for James T. Sims?
NIOCORP reported that Chief Communications Officer James T. Sims received 97,720 employee stock options. These options give him the right to buy common shares at a fixed exercise price as part of his compensation package.
What is the exercise price of the new NIOCORP (NB) stock options?
The granted employee stock options have an exercise price of $4.74 per share. This price is the cost at which James T. Sims can purchase NIOCORP common shares if he exercises the options in the future.
How many NIOCORP (NB) options does James T. Sims hold after this grant?
After the reported grant, James T. Sims holds 97,720 employee stock options directly. Each option is linked to one NIOCORP common share, giving him potential future equity exposure if exercised.
What is the vesting schedule for the NIOCORP (NB) options granted to Sims?
The vesting schedule is staged: 34% of the options vested on the grant date, 33% will vest one year after the grant, and the remaining balance vests on July 6, 2028, encouraging longer-term service.
When do the newly granted NIOCORP (NB) stock options expire?
The employee stock options granted to James T. Sims expire on July 6, 2031. After this expiration date, any unexercised options will lapse and can no longer be used to purchase NIOCORP common shares.
Are the NIOCORP (NB) option grants an open-market buy or sell transaction?
No, this filing shows a grant of employee stock options as compensation, coded as an acquisition (A). It is not an open-market purchase or sale of existing NIOCORP common shares by James T. Sims.