Neumora Therapeutics (NMRA) awards CFO 175K options
Rhea-AI Filing Summary
Neumora Therapeutics, Inc. (NMRA) reported that its Chief Financial Officer and Principal Accounting Officer, Michael Lee Milligan, received a grant of stock options for 175,000 shares of common stock. The options have an exercise price of $1.52 per share and expire on August 20, 2036.
According to the vesting terms, 25% of the shares vest on the first anniversary of the August 20, 2026 vesting commencement date, and the remaining shares vest in equal monthly installments over the following three years, so that 100% of the option becomes fully vested and exercisable on the fourth anniversary of that date.
Positive
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Milligan Michael Lee
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) F1 | 175,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 175,000 shares (Direct)
Footnotes (1)
- F1. 25% of the shares subject to the option vest on the first anniversary measured from August 20, 2026 (the "Vesting Commencement Date"), and 1/48th of the total number of shares vest monthly thereafter, such that 100% of the shares subject to the option will be fully vested and exercisable on the fourth anniversary of the Vesting Commencement Date.
Key Figures
Option shares granted: 175,000 shares
Exercise price: $1.52 per share
Shares underlying option: 175,000 shares
+4 more
7 metrics
Option shares granted
175,000 shares
Stock option award to CFO on August 20, 2026
Exercise price
$1.52 per share
Conversion or exercise price for the stock option
Shares underlying option
175,000 shares
Common stock underlying the reported stock option
Post-transaction derivative holdings
175,000 options
Total stock options held following the reported grant
Initial vesting portion
25% of option shares
Vest on first anniversary of August 20, 2026
Monthly vesting fraction
1/48 of total shares
Vest monthly after the first anniversary until fully vested
Option term
Expires August 20, 2036
Expiration date of the stock option grant
Key Terms
Stock Option, exercise price, Vesting Commencement Date, fully vested and exercisable
4 terms
Stock Option financial
"Stock Option (Right to Buy)"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
exercise price financial
"conversion_or_exercise_price: "1.5200""
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 Commencement Date financial
"measured from August 20, 2026 (the "Vesting Commencement Date")"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
fully vested and exercisable financial
"100% of the shares subject to the option will be fully vested and exercisable"
FAQ
What equity award did NMRA grant to CFO Michael Lee Milligan?
Neumora Therapeutics (NMRA) granted Michael Lee Milligan stock options for 175,000 shares of common stock with an exercise price of $1.52 per share, expiring on August 20, 2036, as reported in the insider transaction filing.
How do Michael Lee Milligan’s NMRA stock options vest?
For Michael Lee Milligan’s NMRA options, 25% of the 175,000 shares vest on the first anniversary of August 20, 2026, and 1/48 of the total shares vest monthly thereafter so that 100% are vested and exercisable on the fourth anniversary.
What is the exercise price of the NMRA options granted to the CFO?
The stock options granted to the CFO of Neumora Therapeutics (NMRA) have an exercise price of $1.52 per share, giving him the right to buy up to 175,000 shares of NMRA common stock at that price once vested.
When do the NMRA stock options granted to the CFO expire?
The stock options granted to Neumora Therapeutics’ (NMRA) CFO expire on August 20, 2036. Any unexercised portion of the 175,000-share option will no longer be exercisable after this expiration date.
AI-generated analysis. How Rhea-AI works. Not financial advice.