Orchestra BioMed officer reports 34,974 stock options
Orchestra BioMed Holdings director and President/COO Darren Sherman reported the vesting of a performance-based stock option for 34,974 shares of common stock.
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Rhea-AI Filing Summary
Orchestra BioMed Holdings director and President/COO Darren Sherman reported the vesting of a performance-based stock option for 34,974 shares of common stock. The option carries an exercise price of $2.85 per share and is held directly.
According to the disclosure, this option was originally granted on April 23, 2025. It vests over four years, with 25% scheduled to vest on April 23, 2026, and the remaining 75% vesting in equal installments every three months over the following three years. After the January 28, 2026 transaction, Sherman beneficially owns 34,974 stock options.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 34,974 | $0.00 | $0.00 |
Footnotes (2)
- F1. This date represents the date of vesting of a performance stock option granted on April 23, 2025.
- F2. The stock option vests over a four-year period as follows: 25% on the April 23, 2026 (the "Vesting Commencement Date") with the remaining 75% vesting in equal installments every three months thereafter on the same day of the month as the Vesting Commencement Date over a three-year period, commencing in the third month after the Vesting Commencement Date.
FAQ
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What insider transaction did OBIO executive Darren Sherman report?
What are the terms of Darren Sherman’s Orchestra BioMed stock option?
How does Darren Sherman’s OBIO stock option vest over time?
What role does Darren Sherman hold at Orchestra BioMed (OBIO)?
How many Orchestra BioMed derivative securities does Darren Sherman own after this filing?
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