OmniAb (NASDAQ: OABI) awards 800,000 stock options to its COO
Rhea-AI Filing Summary
OmniAb, Inc. granted its Chief Operating Officer, Nwachuku Amechi Ekeke, a stock option covering 800,000 shares of common stock at a $1.9800 per-share exercise price, expiring on August 1, 2036. The option vests as to 1/8 of the shares on the six-month anniversary of the grant date and as to 1/48 of the shares each month thereafter for 42 months, beginning on August 1, 2026, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nwachuku Amechi Ekeke
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) F1 | 800,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (right to buy) — 800,000 shares (Direct)
Footnotes (1)
- F1. The Stock Option grant vests and becomes exercisable as to 1/8 of the shares on the six-month anniversary of the grant date and as to 1/48 of the shares each month thereafter for 42 months, beginning on August 1, 2026, subject to the Reporting Person's continued service to the Issuer through each such vesting date.
Key Figures
Options granted: 800,000 shares
Exercise price: 1.9800 per share
Expiration date: 2036-08-01
+2 more
5 metrics
Options granted
800,000 shares
Stock Option (right to buy) awarded to COO on 2026-08-01
Exercise price
1.9800 per share
Conversion or exercise price for the granted stock option
Expiration date
2036-08-01
Expiration date of the granted stock option
Underlying common shares
800,000 shares
Number of Common Stock shares underlying the option
Vesting period
42 months
Monthly vesting of 1/48 of shares for 42 months beginning August 1, 2026
Key Terms
Stock Option (right to buy), conversion or exercise price, expiration date
3 terms
Stock Option (right to buy) financial
"Security title reported as "Stock Option (right to buy)" for the COO grant"
conversion or exercise price financial
"Field shows a conversion or exercise price of 1.9800 per share"
expiration date financial
"Derivative security includes an expiration date of 2036-08-01"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised.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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What stock option grant did OmniAb (OABI) report for its COO?
OmniAb granted COO Nwachuku Amechi Ekeke a stock option over 800,000 shares of common stock. The award is a right to buy OmniAb shares at a fixed exercise price, subject to a multi-year vesting schedule and continued service conditions.
What is the exercise price of the OmniAb (OABI) options granted to the COO?
The stock option has a $1.9800 per-share exercise price. This means Ekeke can purchase OmniAb common shares at $1.9800 per share once portions of the option have vested and become exercisable under the grant’s terms.
How do the OmniAb (OABI) COO stock options vest?
The option vests 1/8 of the shares on the six-month anniversary of the grant date, then 1/48 of the shares monthly for 42 months, starting August 1, 2026, provided Ekeke continues serving the company through each vesting date.
When do the OmniAb (OABI) COO stock options expire?
The granted stock option expires on August 1, 2036. After that expiration date, any unexercised portion of the option can no longer be used to purchase OmniAb common stock under this award.
Was the OmniAb (OABI) COO option grant made under a Rule 10b5-1 plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not checked for this transaction. This filing therefore does not state that the grant was made pursuant to a Rule 10b5-1 trading plan.