Pliant Therapeutics (PLRX) CFO awarded 400,000 stock options at $1.30
Rhea-AI Filing Summary
Pliant Therapeutics reported that its Chief Financial Officer, Keith Lamont Cummings, received a new stock option grant. The option allows him to buy 400,000 shares of common stock at an exercise price of $1.30 per share, expiring on January 22, 2036. According to the vesting terms, 1/48th of the shares vest and become exercisable on each monthly anniversary of January 1, 2026, as long as he continues to serve the company. After this award, he holds 400,000 stock options directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 400,000 | $0.00 | -- |
Footnotes (1)
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FAQ
What insider transaction did Pliant Therapeutics (PLRX) disclose?
Pliant Therapeutics disclosed that its Chief Financial Officer, Keith Lamont Cummings, received a grant of 400,000 stock options on January 22, 2026.
What are the key terms of the new stock option for the PLRX CFO?
The stock option gives the CFO the right to buy 400,000 shares of common stock at an exercise price of $1.30 per share, with an expiration date of January 22, 2036.
How do the newly granted Pliant Therapeutics (PLRX) options vest?
The filing states that 1/48th of the shares under the option vest in substantially equal monthly installments on each monthly anniversary of January 1, 2026, as long as the CFO remains in continuous service.
How many derivative securities does the PLRX CFO hold after this Form 4 transaction?
After the reported grant, the CFO beneficially owns 400,000 stock options directly.
Was this Pliant Therapeutics (PLRX) Form 4 a purchase or a grant?
The Form 4 shows a stock option grant, coded as transaction type A (award), with a reported price of $0 for the derivative security itself and an exercise price of $1.30 per share for the underlying common stock.