NuCana (NCNA) CMO cancels 36.5M vested options, retains 109.6M
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NuCana plc’s Chief Medical Officer Jeffrey D. Bloss agreed to cancel a portion of his stock options. He disposed of 36,539,720 options to the company as a disposition to issuer, without receiving any cash or other consideration.
The canceled options were part of a grant of 146,158,880 options with an exercise price of 0.0004 Pounds Sterling per share. Following the cancellation, 109,619,160 options tied to ordinary shares remain outstanding for Bloss and are scheduled to vest in three equal annual installments and expire on June 20, 2035, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bloss Jeffrey D.
Role
Chief Medical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Options | 36,539,720 | $0.00 | -- |
Holdings After Transaction:
Options — 109,619,160 shares (Direct, null)
Footnotes (1)
- D - Partial cancelation of vested options. The ordinary shares, nominal value 0.000004 Pounds Sterling per share (the "Ordinary Shares"), of NuCana plc (the "Company") underlying these options being canceled were part of a grant of 146,158,880 options that vested as to 25% on June 20, 2026, and had an exercise price of 0.0004 Pounds Sterling per share, with the remaining 109,619,160 to vest in three equal annual installments thereafter, subject to the Reporting Persons's continued service with the Company through the applicable vesting date. The remaining options will expire on June 20, 2035. The option was canceled by mutual agreement of the Reporting Person and the Company. The Reporting Person did not receive consideration for the cancellation.
Key Figures
Options canceled: 36,539,720 options
Options remaining: 109,619,160 options
Original option grant: 146,158,880 options
+3 more
6 metrics
Options canceled
36,539,720 options
Disposition to issuer on June 19, 2026
Options remaining
109,619,160 options
Total options following transaction
Original option grant
146,158,880 options
Grant underlying this transaction
Exercise price
0.0004 Pounds Sterling/share
Exercise price of the original grant
Option expiration
June 20, 2035
Expiration date of remaining options
Initial vesting
25% of grant
Portion that vested on June 20, 2026
Key Terms
Disposition to issuer, vested options, exercise price, Ordinary Shares, +1 more
5 terms
Disposition to issuer financial
"transaction_action is described as an issuer disposition"
vested options financial
"Partial cancelation of vested options is noted in a footnote"
exercise price financial
"the options had an exercise price of 0.0004 Pounds Sterling per share"
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 remaining options will vest in three equal annual 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.
FAQ
What insider transaction did NuCana (NCNA) report for Jeffrey D. Bloss?
NuCana reported that Chief Medical Officer Jeffrey D. Bloss canceled 36,539,720 stock options in a disposition to the company. This partial cancellation was by mutual agreement, and he did not receive any cash or other consideration in return.
How many NuCana (NCNA) options does Jeffrey D. Bloss hold after this transaction?
After the partial cancellation, Jeffrey D. Bloss holds 109,619,160 remaining stock options. These options are scheduled to vest in three equal annual installments and provide future potential equity exposure, subject to his continued service with NuCana.
What were the terms of the canceled NuCana (NCNA) options for Jeffrey D. Bloss?
The canceled options were part of a 146,158,880-option grant with an exercise price of 0.0004 Pounds Sterling per ordinary share. Twenty-five percent vested on June 20, 2026, and this vested tranche of 36,539,720 options was canceled by mutual agreement.
Did Jeffrey D. Bloss receive any payment for canceling NuCana (NCNA) options?
No, Jeffrey D. Bloss did not receive any consideration for canceling his vested options. The options were canceled by mutual agreement between him and NuCana, meaning this was a non-cash transaction that adjusted his outstanding equity compensation.
When do Jeffrey D. Bloss’s remaining NuCana (NCNA) options expire?
The remaining options held by Jeffrey D. Bloss will expire on June 20, 2035. These options are scheduled to vest in three equal annual installments, contingent on his continued service with NuCana through each relevant vesting date.