Nurix Therapeutics (NRIX) director receives grant of 31,250 stock options at $15.86
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nurix Therapeutics director David L. Lacey received a grant of stock options covering 31,250 shares of common stock. The options have an exercise price of $15.86 per share and are held directly. Following this award, he holds options on 31,250 shares.
The option grant vests in full on the earlier of the company’s next annual stockholder meeting or May 15, 2027, in each case only if he continues providing service to Nurix on that vesting date. The options expire on May 14, 2036 if not exercised.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lacey David L.
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 shares
Exercise price: $15.86 per share
Post-grant option holdings: 31,250 shares
+2 more
5 metrics
Options granted
31,250 shares
Director stock option grant
Exercise price
$15.86 per share
Conversion or exercise price of options
Post-grant option holdings
31,250 shares
Total options beneficially owned after transaction
Vesting deadline
May 15, 2027
Latest date for 100% vesting, subject to service
Expiration date
May 14, 2036
Option term end date if unexercised
Key Terms
Director Stock Option (right to buy), conversion or exercise price, vesting, annual meeting of the Issuer's stockholders, +1 more
5 terms
Director Stock Option (right to buy) financial
"security_title: Director Stock Option (right to buy)"
conversion or exercise price financial
"conversion_or_exercise_price: 15.8600"
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"
expiration date financial
"expiration_date: 2036-05-14T00:00:00.000Z"
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
What insider transaction did Nurix Therapeutics (NRIX) report for David L. Lacey?
Nurix Therapeutics reported that director David L. Lacey received a grant of 31,250 stock options. These options give him the right to buy common shares at a fixed price and represent compensation rather than an open-market share purchase or sale.
What is the exercise price of David L. Lacey’s new Nurix (NRIX) stock options?
The newly granted options to David L. Lacey have an exercise price of $15.86 per share. This is the fixed price at which he can purchase Nurix common stock if he chooses to exercise the options before they expire.
When do David L. Lacey’s Nurix (NRIX) stock options vest?
The stock options vest 100% on the earlier of the next annual stockholder meeting or May 15, 2027. Vesting is conditioned on Lacey continuing to provide service to Nurix on the applicable vesting date, according to the filing footnote.
When do David L. Lacey’s Nurix (NRIX) stock options expire?
The options granted to David L. Lacey are scheduled to expire on May 14, 2036. If the options are not exercised by that expiration date, the right to purchase Nurix common shares at the $15.86 exercise price will lapse.
How many Nurix (NRIX) options does David L. Lacey hold after this grant?
After this grant, David L. Lacey holds stock options for 31,250 shares of Nurix common stock. This total reflects the options reported in the filing as beneficially owned following the transaction, all held in a direct ownership capacity.
Is David L. Lacey’s Nurix (NRIX) Form 4 transaction a market purchase or sale?
The Form 4 reports a grant or award acquisition of stock options, not an open-market purchase or sale of shares. The transaction code is “A,” indicating compensation-related options, with no cash market trade in Nurix common stock disclosed in this filing.