Praxis director granted RSUs and stock options
Praxis Precision Medicines director William D. Young received new equity awards.
Rhea-AI Filing Summary
Praxis Precision Medicines director William D. Young received new equity awards. On June 10, 2026, he was granted 1,371 restricted stock units, each representing one future share of common stock, vesting in a single installment on the earlier of June 10, 2027 or the 2027 annual stockholders meeting.
He was also granted a stock option for 648 shares of common stock at an exercise price of $240.6600 per share, vesting in twelve equal monthly installments beginning July 10, 2026 through the earlier of June 10, 2027 or the 2027 annual meeting. Following these awards, he directly owns 3,269 common shares and holds options for 648 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 2,019 shares
Grant/Award
2 txns
Insider
YOUNG WILLIAM D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 648 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 1,371 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 648 contracts (Direct);
Common Stock — 3,269 shares (Direct)
Footnotes (2)
- F1. Mr. Young was awarded 1,371 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units vest in a single annual installment on the earlier of (i) June 10, 2027 or (ii) the date of the Issuer's 2027 annual meeting of stockholders. The restricted stock units may be settled only by delivering shares of the Issuer's common stock, and thus, the grant is being reported in Table 1 as allowed per SEC guidance.
- F2. The shares subject to this option shall vest in twelve (12) equal monthly installments occurring on the 10th day of each month, with the first such installment occurring on July 10, 2026 and the final such installment occurring on the earlier of (i) June 10, 2027 or (ii) the date of the Issuer's 2027 annual meeting of stockholders.
Key Figures
Restricted stock units granted: 1,371 units
RSU vesting date: June 10, 2027
Stock options granted: 648 options
+5 more
8 metrics
Restricted stock units granted
1,371 units
RSU grant to director on June 10, 2026
RSU vesting date
June 10, 2027
Single installment or earlier 2027 annual meeting
Stock options granted
648 options
Option grant to purchase common stock
Option exercise price
$240.6600 per share
Strike price for 648-share option grant
Option vesting period start
July 10, 2026
First of twelve monthly vesting installments
Option expiration date
June 10, 2036
Expiration of stock option if unexercised
Shares held after grant
3,269 shares
Common stock directly owned post-award
Options held after grant
648 options
Derivative position following transaction
Key Terms
restricted stock units, contingent right, stock option, vest, +1 more
5 terms
restricted stock units financial
"Mr. Young was awarded 1,371 restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
stock option financial
"The shares subject to this option shall vest in twelve (12) equal monthly installments"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
vest financial
"shall vest in twelve (12) equal monthly installments occurring on the 10th day"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual meeting of stockholders financial
"the Issuer's 2027 annual meeting of stockholders"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did PRAX director William D. Young receive?
William D. Young received 1,371 restricted stock units and a stock option for 648 shares of Praxis Precision Medicines common stock. These are compensation-related grants, not open-market purchases or sales, and provide future rights to company shares subject to vesting.
How do the 1,371 PRAX restricted stock units for William Young vest?
The 1,371 restricted stock units vest in a single annual installment on the earlier of June 10, 2027 or Praxis Precision Medicines’ 2027 annual meeting of stockholders. Each unit converts into one share of common stock and can only be settled in shares.
When will William Young’s PRAX stock option be fully vested?
The 648-share stock option vests in twelve equal monthly installments beginning July 10, 2026. The final installment vests on the earlier of June 10, 2027 or Praxis Precision Medicines’ 2027 annual meeting of stockholders, assuming continued service under the award terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
