OnKure Therapeutics (OKUR) grants 300,000 options and reprices 15,300 for director
Rhea-AI Filing Summary
OnKure Therapeutics director Isaac Manke reported equity compensation and option repricing activity involving stock options for Class A Common Stock. On August 7, 2026 he received a grant of 300,000 stock options with an exercise price of $4.14 per share, expiring on August 6, 2036. One quarter of these options vests on February 24, 2027 and the remainder vests in equal monthly installments over the following 36 months, contingent on continued service. On the same date, 15,300 options with an original exercise price of $18.20 per share expiring October 3, 2034 were returned to the issuer and replaced with 15,300 repriced options at an exercise price of $4.14, with the same vesting and expiration. Under the company’s one-time Option Repricing program, if any repriced option is exercised before the end of a defined retention period, the holder must pay the original higher exercise price instead of $4.14.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) F1 | 300,000 | $0.00 | $0.00 |
| Disposition | Stock Option (right to buy) F3, F4, F2 | 15,300 | -- | -- |
| Grant/Award | Stock Option (right to buy) F3, F4, F2 | 15,300 | -- | -- |
Footnotes (4)
- F1. 1/4th of the shares subject to the option shall vest on February 24, 2027 and 1/48th of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.
- F2. 1/36th of the shares subject to the option vested on November 4, 2024 and 1/36th of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.
- F3. The transactions reported herein reflect a one-time stock option repricing (the "Option Repricing") effective on August 7, 2026 (the "Effective Date"). The Option Repricing applies to options with exercise prices equal to or greater than $10.00 per share held by all continuing employees and certain other service providers of the Issuer as of the Effective Date.
- F4. Pursuant to the Option Repricing, the exercise price of the repriced options, including the reported option, has been amended to reduce the exercise price to $4.14 per share, the closing price of the Issuer's Class A Common Stock on the Effective Date. However, if an option holder exercises a repriced option before the end of a "Retention Period" through which the option holder must remain in service to the Issuer, then the option holder will be required to pay a premium exercise price that is equal to the original exercise price per share of such option. The "Retention Period" begins on the Effective Date of the Option Repricing and ends on the earliest to occur of the following: (i) February 7, 2028 or (ii) a Change in Control, as defined in the Issuer's 2021 Stock Incentive Plan or 2024 Equity Incentive Plan (as applicable). There was no change to the vesting schedules, expiration dates or number of shares underlying the repriced options.
Key Figures
Key Terms
Option Repricing financial
Retention Period financial
Change in Control financial
Class A Common Stock financial
FAQ
What stock option grant did OnKure Therapeutics (OKUR) director Isaac Manke receive?
How do the 300,000 new options for OKUR vest for Isaac Manke?
What options were repriced for Isaac Manke at OnKure Therapeutics (OKUR)?
What is the new exercise price after the OKUR option repricing for Manke?
What is the retention period condition on OnKure Therapeutics (OKUR) repriced options?
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