Oric Pharmaceuticals (NASDAQ: ORIC) grants CMO equity stock awards
Rhea-AI Filing Summary
Oric Pharmaceuticals Chief Medical Officer Pratik S. Multani received new equity awards in the form of stock options and restricted stock units. On January 2, 2026, he was granted stock options covering 214,000 shares of Oric common stock at an exercise price of $8.17 per share. According to the vesting schedule, 25% of these options will vest on January 2, 2027, with the remaining options vesting in equal monthly installments over the following 36 months.
He was also granted 35,500 restricted stock units, each representing a contingent right to receive one share of Oric common stock. One-third of these RSUs will vest on each of December 15, 2026, December 15, 2027, and December 15, 2028, subject to the award terms. All reported holdings are listed as directly owned.
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FAQ
What insider transaction did ORIC report for its Chief Medical Officer?
Oric Pharmaceuticals reported that Chief Medical Officer Pratik S. Multani received grants of 214,000 stock options and 35,500 restricted stock units (RSUs) on January 2, 2026.
What are the terms of the 214,000 stock options granted to ORICs CMO?
The stock option grant covers 214,000 shares of Oric common stock with an exercise price of $8.17 per share. 25% of the shares will vest on January 2, 2027, and 1/36 of the remaining shares will vest each month thereafter.
How do the 35,500 RSUs granted by ORIC vest?
Each RSU represents a contingent right to receive one share of Oric common stock. The 35,500 RSUs vest in three equal installments, with 1/3 vesting on each of December 15, 2026, December 15, 2027, and December 15, 2028.
Is the ORIC Chief Medical Officers ownership reported as direct or indirect?
The filing reports the Chief Medical Officers holdings from these grants as direct ownership, with no nature of indirect beneficial ownership indicated.
What type of SEC filing is this insider transaction for ORIC?
This is a Form 4 filing, which reports changes in the beneficial ownership of Oric Pharmaceuticals equity securities by an officer, in this case the Chief Medical Officer.
Does each ORIC RSU convert into one share of common stock?
Yes. The filing states that each restricted stock unit represents a contingent right to receive one share of Oric Pharmaceuticals, Inc. common stock, subject to vesting.