Prime Medicine (PRME) awards director David Schenkein 75,000 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Prime Medicine director David P. Schenkein received a grant of stock options for 75,000 shares of common stock. The options have an exercise price of $3.06 per share and expire on June 5, 2036. Following this grant, he holds options on 75,000 shares.
The options will vest in full on the earlier of June 5, 2027 or the date of Prime Medicine’s next annual meeting of stockholders, provided he remains in continuous service with the company through that vesting date. This is a compensation-related, non‑market transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schenkein David P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 75,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 75,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 75,000 options
Exercise price: $3.06 per share
Expiration date: June 5, 2036
+2 more
5 metrics
Options granted
75,000 options
Stock Option (right to buy) granted to director
Exercise price
$3.06 per share
Conversion or exercise price of granted options
Expiration date
June 5, 2036
Option expiration for the 75,000-share grant
Total options after grant
75,000 options
Total derivative holdings following this transaction
Vesting date outer limit
June 5, 2027
Latest date when options vest in full, subject to service
Key Terms
Stock Option (right to buy), exercise price, vest in full, annual meeting of stockholders, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
exercise price financial
"conversion_or_exercise_price: 3.0600"
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.
vest in full financial
"The shares subject to this option shall vest in full upon the earlier"
annual meeting of stockholders financial
"or (ii) the date of the next annual meeting of stockholders"
continuous service financial
"subject to the Reporting Person's continuous service to the Issuer"
FAQ
What did Prime Medicine (PRME) report in this Form 4 filing?
Prime Medicine reported a compensation-related stock option grant to director David P. Schenkein. He received options on 75,000 shares of common stock, with specific vesting terms, an exercise price, and an expiration date disclosed in the filing.
How many stock options did David P. Schenkein receive from Prime Medicine (PRME)?
David P. Schenkein received stock options for 75,000 shares of Prime Medicine common stock. These options represent the entire derivative position reported in this filing and are shown as his total options following the transaction.
What are the vesting terms of the Prime Medicine (PRME) stock options granted?
The options vest in full on the earlier of June 5, 2027 or the date of Prime Medicine’s next annual meeting of stockholders. Vesting is conditioned on David P. Schenkein’s continuous service to the company through the applicable vesting date.
What is the exercise price and expiration date of the Prime Medicine (PRME) options?
The granted stock options carry an exercise price of $3.06 per share and expire on June 5, 2036. These terms define the cost to purchase shares and the final date by which the options must be exercised.
Is the Prime Medicine (PRME) Form 4 transaction an open-market trade?
No. The Form 4 describes a grant or award of stock options as compensation, not an open-market purchase or sale. It is recorded with transaction code “A,” indicating a grant, award, or other acquisition from the issuer.