PACB director granted 74,497 stock options
PACIFIC BIOSCIENCES OF CALIFORNIA, INC. director Christopher Gibson received a grant of stock options covering 74,497 shares of common stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
PACIFIC BIOSCIENCES OF CALIFORNIA, INC. director Christopher Gibson received a grant of stock options covering 74,497 shares of common stock. The options have an exercise price of $1.58 per share and expire on June 3, 2036. They vest monthly over one year, so long as he continues serving as a director through each vesting date.
Insider Trade Summary
Grant/Award: 74,497 shares
Grant/Award
1 txn
Insider
Gibson Christopher
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 74,497 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (right to buy) — 74,497 contracts (Direct)
Footnotes (1)
- F1. The shares subject to the option will vest monthly over one (1) year, on the same day of the month as the date of grant or, if earlier, on the date of the next annual meeting of the Company's stockholders occurring after the date of grant, provided such Reporting Person continues to serve as a director through the applicable vesting dates.
Key Figures
Option grant size: 74,497 options
Exercise price: $1.58 per share
Underlying shares: 74,497 shares
+3 more
6 metrics
Option grant size
74,497 options
Stock Option (right to buy) granted on June 3, 2026
Exercise price
$1.58 per share
Conversion or exercise price for the stock options
Underlying shares
74,497 shares
Underlying PACB common stock tied to the options
Total options after grant
74,497 options
Total derivative securities owned following this transaction
Vesting schedule
Monthly over 1 year
Monthly vesting while serving as director or until next annual meeting
Expiration date
June 3, 2036
Option expiration for the stock option grant
Key Terms
Stock Option (right to buy), exercise price, vesting, expiration date, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
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.
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: 2036-06-03T00:00:00.000Z"
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.
derivative securities financial
"transaction_type: derivative"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PACB director Christopher Gibson report on this Form 4?
Christopher Gibson reported receiving a grant of stock options for 74,497 PACB shares. These options give him the right to buy common stock at a fixed exercise price, subject to vesting conditions tied to his continued board service.
What is the exercise price of Christopher Gibson’s PACB stock options?
The options carry an exercise price of $1.58 per share. This means Gibson can purchase PACB common stock at $1.58 for each option that vests and is exercised, regardless of the market price at that time.
When do Christopher Gibson’s PACB stock options vest?
The options vest monthly over one year beginning from the grant date. Vesting continues each month as long as Gibson continues serving as a director, or earlier on the date of the next annual stockholder meeting if that occurs within the year.
When do Christopher Gibson’s PACB stock options expire?
The options are scheduled to expire on June 3, 2036. After that expiration date, any unexercised options become worthless and can no longer be used to purchase PACB common stock at the exercise price.
Is Christopher Gibson’s Form 4 transaction a purchase or a grant of PACB stock options?
The Form 4 reflects a grant of stock options, not an open-market purchase. It is coded as an “A” transaction, described as a grant, award, or other acquisition of derivative securities as part of his compensation as a director.
AI-generated analysis. How Rhea-AI works. Not financial advice.
