Nurix Therapeutics (NRIX) director awarded 31,250 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nurix Therapeutics, Inc. director Julia P. Gregory received a grant of stock options covering 31,250 shares of common stock. These options have an exercise price of $15.8600 per share and expire on May 14, 2036.
The award vests 100% on the earlier of the company’s next annual stockholder meeting or May 15, 2027, as long as she continues providing service to the company through that vesting date. This is a compensation-related grant, not an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GREGORY JULIA P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Director Stock Option (right to buy) | 31,250 | $0.00 | -- |
Holdings After Transaction:
Director Stock Option (right to buy) — 31,250 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 31,250 options
Exercise price: $15.8600 per share
Expiration date: May 14, 2036
+3 more
6 metrics
Options granted
31,250 options
Director stock option grant
Exercise price
$15.8600 per share
Stock option exercise price
Expiration date
May 14, 2036
Option expiration
Underlying shares
31,250 shares
Common stock underlying options
Post-transaction option holdings
31,250 options
Total options from this award after grant
Vesting deadline
May 15, 2027
Latest possible full vesting date
Key Terms
Director Stock Option, exercise price, vesting, annual meeting of the Issuer's stockholders
4 terms
Director Stock Option financial
"security_title: "Director Stock Option (right to buy)""
exercise price financial
"conversion_or_exercise_price: "15.8600" 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 stock option vests as to 100% of the award on the earlier of..."
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.
annual meeting of the Issuer's stockholders financial
"on the earlier of (a) the date of the next annual meeting of the Issuer's stockholders"
FAQ
What did Nurix Therapeutics (NRIX) disclose about Julia P. Gregory in this Form 4?
Nurix Therapeutics reported that director Julia P. Gregory received a grant of 31,250 stock options. The options relate to common stock, have a fixed exercise price, and represent equity-based compensation rather than an open-market purchase or sale of existing shares.
How many Nurix Therapeutics (NRIX) stock options were granted to the director?
The director received 31,250 stock options linked to Nurix common stock. All 31,250 options were newly granted in this transaction and represent her total option holdings from this award after the grant, according to the filing’s reported post-transaction balance.
What is the exercise price of the stock options granted by Nurix Therapeutics (NRIX)?
The stock options granted to the director have an exercise price of $15.8600 per share. This means she can purchase Nurix common stock at that fixed price once the options vest, until they expire on the specified expiration date.
When do Julia P. Gregory’s Nurix (NRIX) stock options vest?
The options vest 100% on the earlier of the next annual meeting of Nurix’s stockholders or May 15, 2027. Vesting is conditioned on her continued service with the company through that vesting date, as described in the footnote to the filing.
When do the Nurix Therapeutics (NRIX) director stock options expire?
The options expire on May 14, 2036, giving a long exercise window after vesting. After that expiration date, any unexercised options will lapse and can no longer be used to acquire Nurix common stock at the stated exercise price.
Is this Nurix (NRIX) Form 4 a market purchase or sale by the director?
No, the Form 4 reflects a grant or award acquisition of stock options, not a market trade. The transaction code “A” and description show it is equity compensation, so no open-market buying or selling of common shares is reported in this filing.