Nkarta director granted options on 37,000 shares
Nkarta, Inc. director Michael Dybbs received a stock option grant covering 37,000 shares of common stock.
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Form Type
4
Rhea-AI Filing Summary
Nkarta, Inc. director Michael Dybbs received a stock option grant covering 37,000 shares of common stock. The option has an exercise price of $2.46 per share and expires on June 9, 2036.
All 37,000 shares vest 100% on the earlier of June 10, 2027 or the day before the first annual stockholder meeting after the grant date, and become fully vested sooner if there is a change in control of Nkarta, or if Dybbs separates from service due to death or disability.
Insider Trade Summary
Grant/Award: 37,000 shares
Grant/Award
1 txn
Insider
Dybbs Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 37,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (right to buy) — 37,000 contracts (Direct)
Footnotes (1)
- F1. All shares subject to the option vest 100% on the first to occur of (i) June 10, 2027 or (ii) the day immediately preceding the first annual meeting of the Issuer's stockholders to occur after the date of grant of the award. Each grant, to the extent outstanding and otherwise unvested, will become fully vested should a "change in control" of the Issuer occur (as described in the applicable award agreement) or upon the Reporting Person's separation from service with the Issuer due to the Reporting Person's death or "disability" (as described in the applicable award agreement).
Key Figures
Option grant size: 37,000 shares
Exercise price: $2.46 per share
Expiration date: June 9, 2036
+1 more
4 metrics
Option grant size
37,000 shares
Stock option covering common stock
Exercise price
$2.46 per share
Stock option strike price
Expiration date
June 9, 2036
Option term end date
Vesting date
June 10, 2027
100% vesting on earlier of this date or pre‑meeting date
Key Terms
Stock Option (right to buy), change in control, vest, expiration date
4 terms
Stock Option (right to buy) financial
"security_title": "Stock Option (right to buy)"
change in control financial
"will become fully vested should a "change in control" of the Issuer occur"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
vest financial
"All shares subject to the option vest 100% on the first to occur"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
expiration date financial
"expiration_date": "2036-06-09T00:00:00.000Z"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Nkarta (NKTX) director Michael Dybbs report in this Form 4?
Director Michael Dybbs reported receiving a stock option grant for 37,000 Nkarta shares. The option was awarded at a $2.46 exercise price and represents compensation rather than an open-market purchase or sale, with vesting tied to future service and potential corporate events.
What is the exercise price and expiration date of Michael Dybbs’ Nkarta option?
The stock option has an exercise price of $2.46 per share and expires on June 9, 2036. This means Dybbs can buy up to 37,000 shares at $2.46, once vested, any time before the June 9, 2036 expiration date.
When do Michael Dybbs’ Nkarta (NKTX) stock options vest?
All shares under the option vest 100% on the earlier of June 10, 2027 or the day immediately before Nkarta’s first annual stockholder meeting after the grant date. Vesting concentrates on a single future date instead of gradually over multiple years.
Under what conditions do Michael Dybbs’ Nkarta options vest early?
The option becomes fully vested earlier if Nkarta undergoes a change in control, or if Dybbs’ service ends because of death or disability. These provisions accelerate vesting so the option is not forfeited in those specific circumstances described in the award agreement.
Is this Nkarta (NKTX) Form 4 a market buy or sell by Michael Dybbs?
No, this Form 4 reports a grant of stock options as compensation, not a market buy or sell. The transaction code is “A”, indicating an award, and Dybbs must later exercise the option at $2.46 per share for actual share purchases.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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