Pliant Therapeutics (NASDAQ: PLRX) grants 60,000 options to director Iannone
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PLIANT THERAPEUTICS, INC. director Robert Iannone received a grant of 60,000 stock options on July 9, 2026. The options have an exercise price of $1.13 per share and are exercisable for common stock until July 9, 2036. According to the vesting terms, 1/36th of the options vest in substantially equal monthly installments on each monthly anniversary of July 9, 2026, conditioned on Iannone’s continuous service to the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Iannone Robert
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 60,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 60,000 shares (Direct)
Footnotes (1)
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Key Figures
Option Shares Granted: 60,000 shares
Exercise Price: $1.13 per share
Expiration Date: July 9, 2036
+3 more
6 metrics
Option Shares Granted
60,000 shares
Stock option grant on July 9, 2026 to director Robert Iannone
Exercise Price
$1.13 per share
Conversion or exercise price of the granted stock options
Expiration Date
July 9, 2036
Expiration of the 60,000-share stock option grant
Underlying Shares
60,000 shares
Common stock underlying the reported stock option
Post-Grant Derivative Holdings
60,000 options
Total derivative securities following the reported grant
Vesting Schedule
1/36th monthly
Monthly vesting on each anniversary of July 9, 2026, over 36 installments
Key Terms
Stock Option (Right to Buy), exercise price, vesting, continuous service
4 terms
Stock Option (Right to Buy) financial
"security_title is reported as Stock Option (Right to Buy)"
exercise price financial
"conversion_or_exercise_price is disclosed as 1.1300 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.
vesting financial
"1/36th of the shares subject to such option vest and become exercisable"
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.
continuous service financial
"subject to the Reporting Person's continuous service to the Issuer"
FAQ
What did Robert Iannone report in his latest Form 4 for PLRX?
Robert Iannone reported a grant of 60,000 stock options for PLIANT THERAPEUTICS, INC. The options are exercisable for common stock at an exercise price of $1.13 per share and expire on July 9, 2036.
What is the exercise price of Robert Iannone’s new stock options in PLRX?
The granted stock options carry an exercise price of $1.13 per share. These options allow purchase of PLIANT THERAPEUTICS, INC. common stock at that price through their July 9, 2036 expiration, subject to the vesting schedule.
When do Robert Iannone’s PLRX stock options start vesting and how?
The options begin vesting on July 9, 2026. 1/36th of the 60,000 options vest in substantially equal monthly installments on each monthly anniversary, conditioned on his continuous service to PLIANT THERAPEUTICS, INC.
When do Robert Iannone’s PLRX stock options expire?
The options expire on July 9, 2036. Until that date, vested portions of the 60,000-share stock option grant may be exercised at the fixed exercise price of $1.13 per share, subject to the award terms.
Is Robert Iannone’s PLRX Form 4 transaction a market purchase or a grant?
The reported transaction is a grant/award acquisition of stock options, not an open-market trade. It is coded as an "A" transaction, reflecting a compensation-related option award with no purchase price paid for the grant itself.