Pliant (NASDAQ: PLRX) director awarded 70,000 stock options at $1.14
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pliant Therapeutics director John T. Curnutte received a grant of stock options covering 70,000 shares of common stock. The options carry an exercise price of $1.14 per share and expire on June 11, 2036, giving him the right to buy shares at that price in the future.
According to the vesting schedule, 25% of the options vest on each of October 1, 2026, January 1, 2027, and April 1, 2027, with the remaining 25% vesting on the earlier of the one-year anniversary of the June 11, 2026 grant date or the next annual stockholder meeting, subject to his continued service as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Curnutte John T
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
Option grant size: 70,000 options
Exercise price: $1.14 per share
Expiration date: June 11, 2036
+3 more
6 metrics
Option grant size
70,000 options
Stock Option (Right to Buy) granted to director John T. Curnutte
Exercise price
$1.14 per share
Conversion or exercise price of granted stock options
Expiration date
June 11, 2036
Option grant expiration for 70,000-share award
First vesting date
October 1, 2026
25% of options vest on this date
Second vesting date
January 1, 2027
Additional 25% of options vest on this date
Third vesting date
April 1, 2027
Another 25% of options vest on this date
Key Terms
Stock Option (Right to Buy), Grant, award, or other acquisition, Common Stock, vest and become exercisable
4 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"
Common Stock financial
"underlying_security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
vest and become exercisable financial
"25% of the shares subject to such option vest and become exercisable on October 1, 2026"
FAQ
What did PLIANT THERAPEUTICS (PLRX) disclose about John T. Curnutte on this Form 4?
The company reported that director John T. Curnutte received a grant of stock options for 70,000 shares of common stock at a $1.14 exercise price, expiring June 11, 2036, subject to a multi-date vesting schedule tied to continued board service.
How many PLIANT THERAPEUTICS (PLRX) options were granted to John T. Curnutte?
John T. Curnutte was granted stock options covering 70,000 shares of Pliant Therapeutics common stock. These options give him the right to buy shares at a fixed $1.14 exercise price if and when they vest and he chooses to exercise them before expiration.
What is the exercise price and expiration date of John T. Curnutte’s PLRX stock options?
The options granted to John T. Curnutte have an exercise price of $1.14 per share and an expiration date of June 11, 2036. He may exercise vested options any time before expiration, subject to plan rules and his continued eligibility as a director.
How do the new PLRX stock options for John T. Curnutte vest over time?
The options vest in four equal 25% installments: on October 1, 2026, January 1, 2027, and April 1, 2027, with the final 25% vesting on the earlier of the one-year anniversary of the June 11, 2026 grant date or the next annual stockholder meeting.
What service conditions apply to John T. Curnutte’s PLRX option grant?
Each vesting installment requires John T. Curnutte to continue serving as a director through the applicable vesting date or, for the final tranche, through the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders.