Praxis Precision Medicines (NASDAQ: PRAX) COO gets new equity awards
Rhea-AI Filing Summary
Praxis Precision Medicines, Inc. (PRAX) Chief Operating Officer Megan Sniecinski reported new equity awards and a tax-related share withholding. On January 8, 2026, she was granted 9,625 restricted stock units, each representing one share of common stock, vesting in equal annual installments over four years beginning on the one-year anniversary of January 8, 2026. Also on that date, she received a stock option for 7,700 shares at an exercise price of $294.38 per share, with 25% vesting on January 8, 2027 and the remaining 75% vesting in 36 monthly installments.
On January 10, 2026, 1,087 shares of common stock were withheld at a price of $288.45 per share to cover tax obligations tied to previously reported restricted stock unit vesting. After these transactions, she directly held 29,415 shares of common stock and 7,700 stock options.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,087 | $288.45 | $314K |
| Grant/Award | Stock Option (Right to Buy) | 7,700 | $0.00 | -- |
| Grant/Award | Common Stock | 9,625 | $0.00 | -- |
Footnotes (1)
- Ms. Sniecinski was awarded 9,625 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 equal annual installments over a four-year period beginning on the one-year anniversary of the vesting commencement date of January 8, 2026. 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. Shares withheld by the Issuer to satisfy the tax withholding obligations in connection with the vesting of certain previously reported restricted stock units. The shares underlying this stock option vest over a four-year period, with 25% vesting on January 8, 2027 and the remaining 75% vesting in 36 equal monthly installments thereafter, subject to the reporting person's continued service through each vesting date.
FAQ
What insider transaction did PRAX COO Megan Sniecinski report?
Megan Sniecinski, Chief Operating Officer of Praxis Precision Medicines (PRAX), reported a grant of restricted stock units, a stock option award, and a tax-related share withholding in common stock.
How many Praxis (PRAX) restricted stock units were granted to the COO?
On January 8, 2026, the COO was granted 9,625 restricted stock units, each representing the right to receive one share of Praxis common stock, vesting in equal annual installments over four years starting one year after January 8, 2026.
What are the terms of the stock options reported for PRAX COO Megan Sniecinski?
She received a stock option for 7,700 shares of Praxis common stock with an exercise price of $294.38 per share. The option vests over four years, with 25% vesting on January 8, 2027 and the remaining 75% vesting in 36 equal monthly installments thereafter, subject to continued service.
How do the PRAX restricted stock units for the COO settle?
The 9,625 restricted stock units may be settled only by delivering shares of Praxis common stock, and the grant is reported in the non-derivative table in line with SEC guidance.