NextCure (NASDAQ: NXTC) director receives stock options grant for 3,510 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NextCure, Inc. director David S. Kabakoff received a stock option grant giving him the right to buy 3,510 shares of common stock at an exercise price of $2.02 per share as compensation. Following this award, he holds stock options for 3,510 shares directly.
The option vests in full on the earlier of June 18, 2027 or the date of NextCure’s 2027 annual stockholders’ meeting, meaning it becomes exercisable at that time. The option expires on June 17, 2036, providing a long-dated incentive tied to the company’s future performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KABAKOFF DAVID S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 3,510 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 3,510 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 3,510 shares
Exercise price: $2.02 per share
Post-grant options held: 3,510 shares
+2 more
5 metrics
Option grant size
3,510 shares
Stock options underlying common stock granted to director
Exercise price
$2.02 per share
Conversion or exercise price of stock option
Post-grant options held
3,510 shares
Total stock options following the transaction
Vesting date
June 18, 2027
Vests on earlier of this date or 2027 annual meeting
Expiration date
June 17, 2036
Option expiration for the stock option grant
Key Terms
Stock Option (Right to Buy), exercise price, expiration date, Grant, award, or other acquisition, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
exercise price financial
"conversion_or_exercise_price: 2.0200"
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.
expiration date financial
"expiration_date: 2036-06-17T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised.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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
vests in full financial
"The option vests in full on the earlier of June 18, 2027"
FAQ
What insider transaction did NextCure (NXTC) report for David S. Kabakoff?
NextCure reported that director David S. Kabakoff received a grant of stock options for 3,510 shares of common stock at an exercise price of $2.02 per share. This is a compensation-related award, not an open-market stock purchase or sale.
What are the terms of David S. Kabakoff’s new NextCure (NXTC) stock options?
Kabakoff’s stock option covers 3,510 underlying common shares with an exercise price of $2.02 per share and expires on June 17, 2036. The long expiration gives him many years to decide whether to exercise if conditions become favorable.
When do the newly granted NextCure (NXTC) stock options to David S. Kabakoff vest?
The options vest in full on the earlier of June 18, 2027 or the date of NextCure’s 2027 annual meeting of stockholders. Once vested, Kabakoff can choose to exercise at the fixed $2.02 per-share price before expiration.
Is David S. Kabakoff’s NextCure (NXTC) Form 4 transaction a market buy or sell?
No, the Form 4 shows a grant of stock options as compensation, not a market transaction. The code “A” indicates an award or other acquisition, so no cash was paid to buy shares and no shares were sold into the market.
How many NextCure (NXTC) derivative securities does David S. Kabakoff hold after this grant?
After the grant, Kabakoff holds stock options for 3,510 shares of NextCure common stock directly. This filing does not list additional derivative positions, so the 3,510-share option grant represents his reported derivative holding in this report.
What does the $2.02 exercise price mean for David S. Kabakoff’s NextCure (NXTC) options?
The $2.02 exercise price is the fixed cost per share Kabakoff would pay to convert his options into 3,510 common shares once vested. If he exercises, he pays $2.02 per share regardless of NextCure’s future market price at that time.