Pliant Therapeutics (PLRX) director granted 70,000 options at $1.14 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pliant Therapeutics director Gayle A. Crowell received a compensation grant of stock options. The award covers 70,000 options to buy Pliant Therapeutics common stock at an exercise price of $1.14 per share, expiring on June 11, 2036.
According to the vesting schedule, 25% of the options vest on October 1, 2026, another 25% on January 1, 2027, and another 25% on April 1, 2027. The remaining 25% vest on the earlier of the one-year anniversary of the June 11, 2026 grant date or the next annual meeting of stockholders, subject to Crowell’s continued service as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CROWELL GAYLE A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 70,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 70,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 70,000 options
Exercise price: $1.14 per share
Underlying shares: 70,000 shares
+3 more
6 metrics
Options granted
70,000 options
Stock Option (Right to Buy) grant to director Crowell
Exercise price
$1.14 per share
Exercise price for underlying common stock
Underlying shares
70,000 shares
Common stock underlying the option award
Option expiration
June 11, 2036
Expiration date of the stock options
First vesting date
25% on October 1, 2026
Initial tranche of options vesting
Subsequent vesting dates
25% on Jan 1, 2027; 25% on Apr 1, 2027
Intermediate vesting tranches
Key Terms
Stock Option (Right to Buy), exercise price, vest and become exercisable, annual meeting of stockholders
4 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
exercise price financial
"conversion_or_exercise_price set at 1.1400 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.
vest and become exercisable financial
"25% of the shares subject to such option vest and become exercisable"
annual meeting of stockholders financial
"the next annual meeting of stockholders, subject to the Reporting Person's continued service"
FAQ
What did Pliant Therapeutics (PLRX) director Gayle A. Crowell receive in this Form 4?
Gayle A. Crowell received a grant of 70,000 stock options as director compensation. These options allow her to buy Pliant Therapeutics common stock at a fixed price, subject to a multi-date vesting schedule and a long-term expiration date.
How many Pliant Therapeutics (PLRX) options were granted and at what exercise price?
The filing reports a grant of 70,000 stock options with an exercise price of $1.14 per share. This means Crowell can purchase up to 70,000 Pliant Therapeutics common shares at $1.14 once the options are vested and exercisable.
When do Gayle A. Crowell’s PLRX stock options start vesting?
The options vest in stages: 25% on October 1, 2026, 25% on January 1, 2027, and 25% on April 1, 2027. Vesting is conditioned on Crowell’s continued service to Pliant Therapeutics as a director through each vesting date mentioned.
What is the final vesting condition for the remaining PLRX options granted to Crowell?
The remaining 25% of the options vest on the earlier of the one-year anniversary of the June 11, 2026 grant date or the next annual meeting of stockholders. This final portion also requires Crowell’s continued board service through that specified date.
When do Gayle A. Crowell’s Pliant Therapeutics options expire?
The granted stock options expire on June 11, 2036, according to the Form 4. After this expiration date, any unexercised options become worthless, so exercise must occur after vesting but before that 2036 expiration.