Olema Pharmaceuticals (OLMA) director awarded 29,500 stock options at $9.51 strike price
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Olema Pharmaceuticals director Cynthia M. Butitta received a grant of 29,500 stock options for common stock. The options have an exercise price of $9.51 per share and were awarded as compensation, not through an open-market purchase.
The options vest in 12 equal monthly installments starting on June 18, 2026, as long as she continues in service. Any unvested portion will fully vest on the date of Olema’s next annual meeting of stockholders if the grant is not already fully vested by then.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BUTITTA CYNTHIA M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 29,500 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 29,500 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 29,500 options
Exercise price: $9.51 per share
Underlying shares: 29,500 shares
+3 more
6 metrics
Options granted
29,500 options
Stock Option (right to buy) grant to director
Exercise price
$9.51 per share
Stock option strike price for Olema common stock
Underlying shares
29,500 shares
Common stock underlying the option grant
Expiration date
June 18, 2036
Option expiration for this grant
Monthly vesting schedule
12 installments
Equal monthly vesting starting June 18, 2026
Post-transaction derivative holdings
29,500 options
Total options held from this grant after transaction
Key Terms
Stock Option (right to buy), exercise price, vesting, annual meeting of stockholders, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)""
exercise price financial
"conversion_or_exercise_price: "9.5100""
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.
vesting financial
"shares subject to the option vest in a series of 12 successive equal monthly installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual meeting of stockholders financial
"Such shares vest in full on the date of the Issuer's next annual meeting of stockholders"
continuous service financial
"subject to the Reporting Person's continuous service through each applicable vesting date"
FAQ
What insider transaction did Olema Pharmaceuticals (OLMA) report for Cynthia M. Butitta?
Olema reported a grant of 29,500 stock options to director Cynthia M. Butitta. These options give her the right to buy common shares at a fixed price, representing equity-based compensation rather than an open-market purchase or sale.
What is the exercise price of the new Olema (OLMA) stock options granted to Cynthia M. Butitta?
The granted options have an exercise price of $9.51 per share. This means she can buy Olema common stock at $9.51 in the future once the options vest, regardless of the market price at that time.
How do Cynthia M. Butitta’s Olema (OLMA) stock options vest over time?
The 29,500 options vest in 12 equal monthly installments starting on June 18, 2026. Vesting requires her continuous service with Olema through each vesting date, gradually increasing her exercisable option position.
When do Cynthia M. Butitta’s Olema (OLMA) options fully vest if not already vested monthly?
Any remaining unvested options fully vest on the date of Olema’s next annual meeting of stockholders, if the grant is not already fully vested. This acceleration also depends on her continuous service through that vesting date.