Prelude Therapeutics (PRLD) director granted 38,000 stock options at $3.94
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Prelude Therapeutics Inc director David P. Bonita received a grant of stock options covering 38,000 shares of Common Stock. The options have an exercise price of $3.94 per share and expire on June 8, 2036. The award will fully vest on the earlier of the company’s next annual stockholder meeting or the one-year anniversary of the grant date, subject to continued service. Under an agreement, any securities or economic benefit from these options are required to be transferred to OrbiMed-related entities.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bonita David P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Director Stock Option (Right to Buy) | 38,000 | $0.00 | -- |
Holdings After Transaction:
Director Stock Option (Right to Buy) — 38,000 shares (Direct, null)
Footnotes (1)
- The option award will fully vest upon the earlier of (a) the Issuer's next annual stockholder meeting, or (b) the one-year anniversary of the grant date, such to the Reporting Person's provision of service to the Issuer on each vesting date. Pursuant to an agreement with OrbiMed Advisors LLC and OrbiMed Capital GP VI LLC, the Reporting Person is obligated to transfer any securities issued under any such stock options or other awards, or the economic benefit thereof, to OrbiMed Advisors LLC and OrbiMed Capital GP VI LLC, which will in turn ensure that such securities or economic benefits are provided to OrbiMed Private Investments VI, LP.
Key Figures
Option grant size: 38,000 options
Exercise price: $3.94 per share
Expiration date: June 8, 2036
+2 more
5 metrics
Option grant size
38,000 options
Director stock option covering Common Stock
Exercise price
$3.94 per share
Conversion or exercise price of options
Expiration date
June 8, 2036
Option expiration for director grant
Shares underlying options
38,000 shares
Underlying Common Stock issuable on exercise
Post-transaction derivative holdings
38,000 options
Total derivative securities following transaction
Key Terms
Director Stock Option (Right to Buy), grant/award acquisition, exercise price, annual stockholder meeting, +1 more
5 terms
Director Stock Option (Right to Buy) financial
"security_title: Director Stock Option (Right to Buy)"
grant/award acquisition financial
"transaction_action: grant/award acquisition"
exercise price financial
"conversion_or_exercise_price: 3.9400"
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.
annual stockholder meeting financial
"will fully vest upon the earlier of (a) the Issuer's next annual stockholder meeting"
An annual stockholder meeting is a yearly gathering where a company's owners (shareholders) receive updates on performance, vote on key issues like board members, executive pay and major corporate plans, and ask questions of management. Think of it as a company town hall where choices about oversight and direction are decided; outcomes can affect management accountability, corporate strategy and ultimately the value and risks of investors’ shares.
economic benefit financial
"or the economic benefit thereof, to OrbiMed Advisors LLC and OrbiMed Capital GP VI LLC"
FAQ
What insider transaction did Prelude Therapeutics (PRLD) report for David P. Bonita?
Prelude Therapeutics reported that director David P. Bonita received a grant of stock options for 38,000 shares of Common Stock. These are compensation-related awards, not open-market purchases or sales, and are structured as options to buy shares at a fixed exercise price.
What are the key terms of the 38,000 Prelude Therapeutics (PRLD) stock options?
The reported options cover 38,000 shares of Common Stock at an exercise price of $3.94 per share. They expire on June 8, 2036, giving a long-dated right to purchase shares at that price if the award vests and is exercised.
When do David P. Bonita’s Prelude Therapeutics (PRLD) options vest?
The option award will fully vest on the earlier of Prelude’s next annual stockholder meeting or the one-year anniversary of the grant date. Vesting is conditioned on David P. Bonita continuing to provide service to the company through the applicable vesting date.
Who ultimately benefits from the Prelude Therapeutics (PRLD) option grant reported for David P. Bonita?
Under an agreement, any securities or economic benefits from these stock options must be transferred to OrbiMed Advisors LLC and OrbiMed Capital GP VI LLC. These entities will ensure that the securities or benefits are provided to OrbiMed Private Investments VI, LP.
Is the Prelude Therapeutics (PRLD) Form 4 transaction an open-market buy or sell?
The Form 4 reports a grant or award acquisition of stock options, coded as an “A” transaction. It is a compensation-related derivative award, not an open-market purchase or sale of existing Prelude Therapeutics Common Stock in the market.