ONCOLYTICS (ONCY) CFO receives 260,000 stock options at $1.06 exercise price
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ONCOLYTICS BIOTECH INC Chief Financial Officer Kirk Look received a grant of stock options covering 260,000 common shares as compensation. The options have an exercise price of $1.06 per share, equal to the closing price on June 1, 2026, and expire on June 1, 2036.
The award vests in three equal annual installments, with the first tranche vesting on June 1, 2027, contingent on his continued service or employment on each vesting date. This filing reflects a routine equity incentive grant, with no open-market share purchases or sales reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Look Kirk
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 260,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option — 260,000 shares (Direct, null)
Footnotes (1)
- The exercise price is equal to the closing price of the Issuer's common stock on the Nasdaq Capital Market on the date of grant, June 1, 2026. The stock option vests in three equal annual installments with the first tranche vesting on June 1, 2027, subject to the Reporting Person's continued service or employment, as applicable, on each such vesting date.
Key Figures
Stock options granted: 260,000 options
Exercise price: $1.06 per share
Underlying shares: 260,000 common shares
+2 more
5 metrics
Stock options granted
260,000 options
Grant to CFO on June 1, 2026
Exercise price
$1.06 per share
Equal to Nasdaq closing price on June 1, 2026
Underlying shares
260,000 common shares
Shares issuable upon option exercise
Expiration date
June 1, 2036
Option term for CFO grant
Post-grant derivative holdings
260,000 options
Total options held following this transaction
Key Terms
Stock Option, exercise price, vests in three equal annual installments, expiration date
4 terms
Stock Option financial
"security_title: "Stock Option""
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
exercise price financial
"The exercise price is equal to the closing price of the Issuer's common stock"
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.
vests in three equal annual installments financial
"The stock option vests in three equal annual installments with the first tranche vesting"
expiration date financial
"expiration_date: "2036-06-01T00:00:00.000Z""
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.
FAQ
What insider transaction did ONCY CFO Kirk Look report on this Form 4?
Kirk Look reported receiving a grant of stock options for 260,000 common shares as compensation. These options give him the right to buy ONCY shares at a fixed price in the future, subject to vesting conditions and an expiration date.
What is the exercise price of the ONCY stock options granted to the CFO?
The options have an exercise price of $1.06 per share, matching the Nasdaq Capital Market closing price on June 1, 2026. This means he can later purchase shares at $1.06 regardless of future market prices, once the options vest.
When do the ONCY stock options granted to the CFO start vesting?
The options vest in three equal annual installments, with the first tranche vesting on June 1, 2027. Vesting is conditioned on the CFO’s continued service or employment on each vesting date, aligning the incentive with long-term commitment.
When do the ONCY stock options granted to the CFO expire?
The stock options expire on June 1, 2036, giving a ten-year term from the grant date. After that expiration date, any unexercised options become worthless, so the CFO must exercise vested options before that deadline to acquire shares.