OnKure Therapeutics (OKUR) reprices 137,603 CSO options and grants 50,000 new
Rhea-AI Filing Summary
OnKure Therapeutics, Inc. reported equity compensation changes for Chief Scientific Officer Dylan Hartley involving stock options on Class A Common Stock. Hartley received a new grant of 50,000 employee stock options with an exercise price of $4.14 per share, expiring on August 6, 2036; 1/48 of these options vest on September 7, 2026 and monthly thereafter, conditioned on continued service. In addition, a one-time Option Repricing effective August 7, 2026 applied to options with exercise prices at or above $10.00 held by continuing employees and certain service providers. In connection with this repricing, 137,603 options with a prior exercise price of $18.20 were reported as disposed to the issuer and a corresponding 137,603 options were granted back to Hartley with a revised exercise price of $4.14 per share, keeping the original vesting schedule (1/4 vested on June 9, 2025 and 1/48 vesting monthly thereafter), expiration date of October 3, 2034, and number of underlying shares unchanged. During a defined Retention Period starting August 7, 2026 and ending on the earlier of February 7, 2028 or a Change in Control, any early exercise of these repriced options requires paying the original higher exercise price rather than the reduced $4.14.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (right to buy) F1 | 50,000 | $0.00 | $0.00 |
| Disposition | Employee Stock Option (right to buy) F3, F4, F2 | 137,603 | -- | -- |
| Grant/Award | Employee Stock Option (right to buy) F3, F4, F2 | 137,603 | -- | -- |
Footnotes (4)
- F1. 1/48th of the shares subject to the option shall vest on September 7, 2026 and each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.
- F2. 1/4th of the shares subject to the option vested on June 9, 2025 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.
- 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 OKUR's Chief Scientific Officer Dylan Hartley receive on August 7, 2026?
How many OnKure (OKUR) options were repriced for Dylan Hartley and at what exercise price?
What is the vesting schedule for Dylan Hartley’s repriced OKUR stock options?
What is the Retention Period described in OnKure (OKUR) Dylan Hartley’s Form 4 filing?
How did the Option Repricing affect the terms of Dylan Hartley’s OKUR options beyond exercise price?
Who was eligible for the Option Repricing referenced in the OnKure (OKUR) Form 4?
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