Oric Pharmaceuticals (NASDAQ: ORIC) awards director 40,000 options
Rhea-AI Filing Summary
Oric Pharmaceuticals director files insider transaction report for new stock options. Director Lori Anne Kunkel reported receiving a stock option covering 40,000 shares of Oric Pharmaceuticals common stock on January 2, 2026. The option has an exercise price of $8.17 per share and is held as a derivative security with direct ownership. According to the vesting terms, 1/12 of the shares subject to the option vest on each monthly anniversary of January 2, 2026, resulting in full vesting over one year. The option is scheduled to expire on January 1, 2036, if not exercised earlier.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did ORIC report in this Form 4?
The report shows a grant of a stock option (right to buy) for 40,000 shares of Oric Pharmaceuticals common stock to director Lori Anne Kunkel on January 2, 2026.
What is the exercise price and term of the new Oric (ORIC) stock option?
The stock option has an exercise price of $8.17 per share and is scheduled to expire on January 1, 2036 if not exercised.
How do the 40,000 Oric (ORIC) stock options vest for the director?
According to the disclosure, 1/12 of the shares subject to the option vest on each one-month anniversary of January 2, 2026, leading to full vesting over 12 months.
How many derivative securities does the Oric director hold after this transaction?
After the reported grant, the director beneficially owns 40,000 derivative securities in the form of stock options, held with direct ownership.
What role does the reporting person hold at Oric Pharmaceuticals (ORIC)?
The reporting person, Lori Anne Kunkel, is identified as a director of Oric Pharmaceuticals and is not listed as an officer or 10% owner.
Does this Form 4 involve common stock or derivative securities of ORIC?
The filing reports a transaction in a derivative security, specifically a stock option (right to buy) common stock, rather than a direct trade in common shares.