Praxis director receives RSU and option grants
Praxis Precision Medicines director Merit Ester Cudkowicz reported equity compensation awards.
Rhea-AI Filing Summary
Praxis Precision Medicines director Merit Ester Cudkowicz reported equity compensation awards. She received 1,371 restricted stock units, each representing one future share of common stock. These units vest in a single installment on the earlier of June 10, 2027 or the company’s 2027 annual stockholder meeting and are settled only in shares.
She was also granted an option to buy 648 shares of common stock at an exercise price of $240.66 per share. The option vests in 12 equal monthly installments beginning July 10, 2026, with final vesting on the earlier of June 10, 2027 or the 2027 annual meeting. Following these grants, she reports 1,371 common shares and 648 options as directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 2,019 shares
Grant/Award
2 txns
Insider
Cudkowicz Merit Ester
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 — 1,371 shares (Direct)
Footnotes (2)
- F1. Dr. Cudkowicz 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
RSUs granted: 1,371 units
Option shares granted: 648 shares
Option exercise price: $240.66 per share
+3 more
6 metrics
RSUs granted
1,371 units
Restricted stock units awarded to director, each for one share
Option shares granted
648 shares
Stock option covering common stock
Option exercise price
$240.66 per share
Stock option strike price
RSU vesting date
Earlier of June 10, 2027 or 2027 annual meeting
Single-installment vesting trigger
Option vesting start
July 10, 2026
First of 12 equal monthly installments
Option expiration
June 10, 2036
Option term end date
Key Terms
restricted stock units, Stock Option (Right to Buy), vest in twelve (12) equal monthly installments, annual meeting of stockholders
4 terms
restricted stock units financial
"Dr. Cudkowicz 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.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) ... transaction_shares": "648.0000""
vest in twelve (12) equal monthly installments financial
"The shares subject to this option shall vest in twelve (12) equal monthly installments"
annual meeting of stockholders financial
"the date of 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 Praxis (PRAX) director Merit Ester Cudkowicz receive?
She received 1,371 restricted stock units and a stock option for 648 shares. The RSUs convert one-for-one into common shares, and the option allows future share purchases at a fixed $240.66 exercise price, subject to vesting.
How do the 1,371 RSUs granted to the PRAX director vest?
The 1,371 restricted stock units vest in a single annual installment. Vesting occurs on the earlier of June 10, 2027 or Praxis Precision Medicines’ 2027 annual meeting of stockholders, after which each vested unit is settled in one share of common stock.
Is the Form 4 transaction for PRAX a market purchase or a compensation grant?
The Form 4 reflects compensation-related grants, not market trades. Both the 1,371 restricted stock units and the 648-share stock option are reported with transaction code “A” for grants or awards, indicating equity-based compensation to the director.
When do the PRAX director’s RSUs and options fully vest if the 2027 meeting is before June 10, 2027?
Both awards reference the earlier of June 10, 2027 or the 2027 annual meeting. If the meeting occurs earlier, the 1,371 RSUs vest then, and the final monthly installment of the 648-share option also vests by that earlier meeting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
