PACB (PACB) director granted 223,492 stock options at $1.58 exercise price
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PACIFIC BIOSCIENCES OF CALIFORNIA, INC. reported a new stock option grant for director Randall S. Livingston. He received options covering 223,492 shares of common stock at an exercise price of $1.58 per share. The options vest monthly over one year or earlier upon the next annual stockholder meeting, as long as he continues serving as a director, and expire on June 3, 2036. This filing reflects a compensation-related award, with no open-market share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LIVINGSTON RANDALL S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 223,492 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 223,492 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 223,492 options
Exercise price: $1.58 per share
Underlying shares: 223,492 shares
+3 more
6 metrics
Option grant size
223,492 options
Stock Option (right to buy) granted to director
Exercise price
$1.58 per share
Conversion or exercise price for the options
Underlying shares
223,492 shares
Common stock underlying granted options
Expiration date
June 3, 2036
Options expire if not exercised by this date
Vesting period
Monthly over one year
Vests monthly or earlier at next annual stockholder meeting
Post-transaction derivative holdings
223,492 options
Total options held following the grant
Key Terms
Stock Option (right to buy), exercise price, vesting, expiration date
4 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
exercise price financial
"conversion_or_exercise_price: 1.5800 per share"
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
"The shares subject to the option will vest monthly over one (1) year"
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.
expiration date financial
"expiration_date: 2036-06-03"
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 did PACB director Randall S. Livingston report in this Form 4?
Randall S. Livingston reported receiving a grant of stock options covering 223,492 PACB common shares. These options are part of his director compensation and do not represent an open-market purchase or sale of existing shares.
What is the exercise price and term of Randall Livingston’s PACB options?
The options have an exercise price of $1.58 per share and expire on June 3, 2036. This means he can purchase PACB common shares at $1.58 any time after vesting and before the expiration date, subject to plan rules.
How do the PACB director stock options vest for Randall Livingston?
The options vest monthly over one year from the June 3, 2026 grant date or earlier on the date of the next annual stockholder meeting. Vesting requires Livingston to continue serving as a director through each applicable vesting date.
How many PACB derivative securities does Randall Livingston hold after this grant?
After the reported grant, Livingston holds 223,492 stock options according to the filing. These represent rights to acquire PACB common shares in the future, subject to vesting, at the fixed $1.58 per share exercise price.