Praxis Precision Medicines (PRAX) grants RSUs and stock options to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Praxis Precision Medicines director Jeffrey B. Kindler reported new equity awards. On February 6, 2026, he received 688 restricted stock units that vest in two equal annual installments on the first two anniversaries of January 8, 2026.
He was also granted 478 restricted stock units that vest in a single installment on the earlier of June 26, 2026 or the company’s 2026 annual shareholder meeting. Following these grants, he directly holds 1,166 shares of common stock tied to these awards.
In addition, Kindler received a stock option for 224 shares of common stock with a stated exercise price of $319.57 per share, vesting in equal monthly installments from February 26, 2026 through the earlier of June 26, 2026 or the 2026 annual meeting.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
KINDLER JEFFREY B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 224 | $0.00 | -- |
| Grant/Award | Common Stock | 688 | $0.00 | -- |
| Grant/Award | Common Stock | 478 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 224 shares (Direct);
Common Stock — 688 shares (Direct)
Footnotes (1)
- Mr. Kindler was awarded 688 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 two equal annual installments occurring on the first two anniversaries 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. Mr. Kindler was awarded 478 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 26, 2026 or (ii) the date of the Issuer's 2026 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. The shares subject to this option shall vest in equal monthly installments occurring on the 26th day of each month, with the first such installment occurring on February 26, 2026 and the final such installment occurring on the earlier of (i) June 26, 2026 or (ii) the date of the Issuer's 2026 annual meeting of stockholders.
FAQ
What insider activity did Praxis Precision Medicines (PRAX) disclose for Jeffrey B. Kindler?
Praxis Precision Medicines disclosed that director Jeffrey B. Kindler received new equity compensation awards. These include restricted stock units and a stock option, all granted on February 6, 2026, reflecting routine director compensation rather than an open‑market purchase or sale of existing shares.
How many restricted stock units did Jeffrey B. Kindler receive from PRAX and how do they vest?
Jeffrey B. Kindler received 688 restricted stock units plus 478 restricted stock units. The 688 units vest in two equal annual installments starting on January 8, 2026 anniversaries, while the 478 units vest in a single installment tied to June 26, 2026 or the 2026 shareholder meeting.
What are the vesting terms of the 478 PRAX restricted stock units granted to Jeffrey Kindler?
The 478 restricted stock units vest in one installment. Vesting occurs on the earlier of June 26, 2026 or the date of Praxis Precision Medicines’ 2026 annual meeting of stockholders, after which each unit can be settled in one share of common stock.
What stock option did Jeffrey B. Kindler receive from Praxis Precision Medicines?
Jeffrey B. Kindler received a stock option covering 224 shares of Praxis common stock at an exercise price of $319.57 per share. The option vests in equal monthly installments beginning February 26, 2026 through the earlier of June 26, 2026 or the 2026 annual meeting.