NextCure (NXTC) director receives grant of 2,340 stock options at $2.02
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NextCure, Inc. director John G. Houston reported a grant of stock options representing 2,340 shares of common stock. These options have an exercise price of $2.0200 per share and expire on June 17, 2036.
The option vests in full on the earlier of June 18, 2027 and the date of NextCure’s 2027 Annual Meeting of Stockholders, making this a routine, compensation-related award rather than an open-market purchase or sale. Following this grant, Houston holds options for 2,340 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Houston John G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 2,340 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 2,340 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 2,340 options
Exercise price: $2.0200 per share
Expiration date: June 17, 2036
+2 more
5 metrics
Option grant size
2,340 options
Stock Option (Right to Buy) for common stock
Exercise price
$2.0200 per share
Strike price for the 2,340-share option grant
Expiration date
June 17, 2036
Option term end date
Vesting date trigger
June 18, 2027
Earlier of this date or 2027 Annual Meeting
Post-grant derivative holdings
2,340 options
Total options held following this grant
Key Terms
Stock Option (Right to Buy), Grant, award, or other acquisition, Annual Meeting of Stockholders, exercise price
4 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Annual Meeting of Stockholders financial
"earlier of June 18, 2027 and the date of the 2027 Annual Meeting of Stockholders"
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.
FAQ
What did NextCure (NXTC) director John G. Houston report in this Form 4?
He reported receiving a grant of stock options for 2,340 shares of NextCure common stock. The award is a compensation-related grant, not an open-market trade, and reflects additional equity-based incentives tied to his role as a director.
What is the exercise price of John G. Houston’s NextCure (NXTC) stock options?
The stock options have an exercise price of $2.0200 per share. This means Houston can buy NextCure common stock at this fixed price once the options vest, regardless of the market price at that time, until the options expire.
When do John G. Houston’s NextCure (NXTC) stock options vest?
The options vest in full on the earlier of June 18, 2027 and the date of NextCure’s 2027 Annual Meeting of Stockholders. Vested options become exercisable, allowing Houston to purchase the underlying common shares at the set exercise price.
When do John G. Houston’s NextCure (NXTC) stock options expire?
The options expire on June 17, 2036, giving a long exercise window. After this date, any unexercised options lapse and can no longer be used to acquire NextCure common shares at the $2.0200 exercise price.
How many NextCure (NXTC) derivative securities does John G. Houston hold after this grant?
After the transaction, Houston holds options covering 2,340 shares of NextCure common stock. This figure reflects his direct derivative holdings reported in this Form 4, all tied to the single option grant described in the filing.