PACIFIC BIOSCIENCES (PACB) director granted 223,492 stock options at $1.58
Rhea-AI Filing Summary
PACIFIC BIOSCIENCES OF CALIFORNIA director Christopher M. Smith received a grant of stock options covering 223,492 shares of common stock. The options have an exercise price of $1.58 per share, expire on June 3, 2036, and vest monthly over one year while he continues serving as a director. Following this grant, he holds options on 223,492 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Christopher M
Role
Director
| 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)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 223,492 shares
Exercise price: $1.58 per share
Expiration date: June 3, 2036
+2 more
5 metrics
Option grant size
223,492 shares
Stock options on PACB common stock granted to director
Exercise price
$1.58 per share
Conversion or exercise price of stock options
Expiration date
June 3, 2036
Option expiration for director grant
Post-transaction options
223,492 shares
Total derivative shares following transaction
Vesting period
1 year monthly
Options vest monthly over one year while serving as director
Key Terms
Stock Option (right to buy), Grant, award, or other acquisition, exercise price, vest monthly, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
exercise price financial
"conversion_or_exercise_price: 1.5800"
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.
vest monthly financial
"The shares subject to the option will vest monthly over one (1) year"
derivative securities financial
"derivativeTransactionCount: 1 derivative-type record reported"
Financial contracts whose value is tied to the price or performance of another asset, such as a stock, bond, commodity, index, or currency; examples include options, futures and swaps. They matter to investors because they let you protect against price swings, bet on future moves or gain larger exposure with less upfront cash—like using a lever or insurance policy on an investment—so they can amplify gains and losses and help manage portfolio risk.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did PACB director Christopher M. Smith report in this Form 4?
Christopher M. Smith reported receiving a grant of stock options for 223,492 PACB common shares. These options were awarded as compensation and are classified as a grant or award acquisition, not an open-market purchase or sale of the company’s stock.
What is the exercise price and expiration date of Christopher M. Smith’s PACB options?
The options have an exercise price of $1.58 per share and expire on June 3, 2036. This means Smith can, once vested, buy PACB common stock at $1.58 per share any time before the June 2036 expiration date.
How do Christopher M. Smith’s PACB options vest over time?
The options vest monthly over one year on the same calendar day as the grant date. Vesting continues only while Smith serves as a director, or until the next annual stockholders’ meeting if that occurs earlier, according to the disclosed vesting footnote.
What are Christopher M. Smith’s PACB derivative holdings after this transaction?
After this transaction, Smith directly holds stock options covering 223,492 PACB common shares. The filing’s summary shows this entire amount as his post-transaction derivative position, with no additional remaining derivative positions listed in the derivative summary table.