Nurix (NRIX) director granted stock options on 31,250 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nurix Therapeutics director Edward C. Saltzman received a stock option grant for 31,250 shares of common stock. The option has an exercise price of $15.86 per share and expires on May 14, 2036. All 31,250 underlying shares are reported as held directly after this award.
The option vests in full on the earlier of the company’s next annual stockholder meeting or May 15, 2027, assuming Mr. Saltzman continues to provide service to Nurix through the vesting date. This is a compensation-related grant, not an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Saltzman Edward C
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
Option grant size: 31,250 shares
Exercise price: $15.86 per share
Total derivative shares after grant: 31,250 shares
+2 more
5 metrics
Option grant size
31,250 shares
Director stock option underlying common stock
Exercise price
$15.86 per share
Option strike price for Nurix common stock
Total derivative shares after grant
31,250 shares
Director’s holdings of this option after transaction
Option expiration date
May 14, 2036
End of exercise period for the stock option
Latest vesting date
May 15, 2027
Latest possible full vesting date, subject to service
Key Terms
Director Stock Option, exercise price, vesting, annual meeting of the Issuer's stockholders, +1 more
5 terms
Director Stock Option financial
"security_title: "Director Stock Option (right to buy)""
exercise price financial
"conversion_or_exercise_price: "15.8600""
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..."
Common Stock financial
"underlying_security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Nurix Therapeutics (NRIX) director Edward C. Saltzman report on this Form 4?
Edward C. Saltzman reported receiving a stock option grant for 31,250 shares of Nurix common stock. The award is a compensation-related option, not an open-market trade, and represents a new derivative position tied to future service with the company.
What is the exercise price and expiration date of Edward Saltzman’s Nurix (NRIX) stock option?
The option has an exercise price of $15.86 per share and expires on May 14, 2036. This means Saltzman can buy Nurix common stock at $15.86 per share any time before the stated expiration date, once the option is vested.
When does Edward Saltzman’s Nurix (NRIX) director stock option vest?
The stock option vests 100% on the earlier of the next Nurix annual stockholder meeting or May 15, 2027. Vesting is conditioned on Saltzman continuing to provide service to Nurix through the applicable vesting date specified in the award’s terms.
Is the Form 4 for Nurix (NRIX) an insider purchase or a compensation grant?
This Form 4 reflects a compensation grant, not an open-market purchase. The A-code transaction is a director stock option award with a $15.86 exercise price, granted at no cash cost per share on the transaction date disclosed.