Palatin Technologies director granted 2,200 stock options
DUNTON ALAN W reported acquisition or exercise transactions in this Form 4 filing.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
DUNTON ALAN W reported acquisition or exercise transactions in this Form 4 filing.
PALATIN TECHNOLOGIES INC director Alan W. Dunton was granted 2,200 stock options under the 2011 Stock Incentive Plan, exercisable at $7.70 per share and granted on August 3, 2026. The options vest 50% on August 3, 2027 and 50% on August 3, 2028, and expire on August 3, 2037.
After this grant, Dunton holds 25,769 derivative securities tied to Palatin common stock. The grant is affirmed as made under a Rule 10b5-1 trading plan.
Insider Trade Summary 10b5-1
Voting Trust: 2,200 shares
Voting Trust
1 txn
Insider
DUNTON ALAN W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Voting Trust | StockOption (Right toBuy) F1 | 2,200 | $0.00 | $0.00 |
Holdings After Transaction:
StockOption (Right toBuy) — 25,769 contracts (Direct)
Footnotes (1)
- F1. Stock Option granted under the 2011 Stock Incentive Plan as amended. The option vests as to 50% on August 3, 2027 and as to the remaining 50% on August 3, 2028. The option was granted by the Compensation Committee on August 3, 2026, and there was no impediment to the grant of option.
Key Figures
Stock options granted: 2,200 shares
Exercise price: $7.70 per share
Vesting schedule first tranche: 50% on August 3, 2027
+3 more
6 metrics
Stock options granted
2,200 shares
Director stock option grant on August 3, 2026
Exercise price
$7.70 per share
Conversion or exercise price of the granted options
Vesting schedule first tranche
50% on August 3, 2027
Half of the option grant vests on this date
Vesting schedule second tranche
50% on August 3, 2028
Remaining half of the option grant vests on this date
Option expiration date
August 3, 2037
Expiration of the granted stock options
Derivative securities after grant
25,769
Total derivative securities beneficially owned following the transaction
Key Terms
Rule 10b5-1 trading plan, Stock Incentive Plan, exercise price, vesting
4 terms
Rule 10b5-1 trading plan financial
"The grant is affirmed as made under a Rule 10b5-1 trading plan."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Stock Incentive Plan financial
"Stock Option granted under the 2011 Stock Incentive Plan as amended."
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
exercise price financial
"conversion or exercise price of the granted options is $7.7000."
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.
vesting financial
"The option vests as to 50% on August 3, 2027 and as to the remaining 50% on August 3, 2028."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PTN director Alan W. Dunton report?
Alan W. Dunton reported receiving 2,200 stock options in PALATIN TECHNOLOGIES INC. The options were granted on August 3, 2026 under the 2011 Stock Incentive Plan, with an exercise price of $7.70 per share and vesting in two equal tranches in 2027 and 2028.
What are the key terms of Alan W. Dunton’s new PTN stock options?
The grant covers 2,200 stock options with a $7.70 exercise price. These options vest 50% on August 3, 2027 and 50% on August 3, 2028, and will expire on August 3, 2037, if not exercised according to their terms.
How many Palatin Technologies (PTN) derivative securities does Alan W. Dunton hold after this grant?
Following the new award, Alan W. Dunton holds 25,769 derivative securities related to Palatin common stock. This total reflects his position in stock options after the August 3, 2026 grant of 2,200 options under the company’s 2011 Stock Incentive Plan.
Are Alan W. Dunton’s new PTN stock options under a Rule 10b5-1 plan?
Yes. The filing affirms that the reported transactions were made under a Rule 10b5-1 trading plan. This indicates the grant followed a pre-arranged framework, which can reduce the significance of timing from an informational or trading-intent perspective for investors.
When do Alan W. Dunton’s new PTN stock options vest and expire?
The options vest in two equal installments: 50% on August 3, 2027 and 50% on August 3, 2028. They carry a long-dated expiration on August 3, 2037, providing an extended period during which they can potentially be exercised if in the money.
AI-generated analysis. How Rhea-AI works. Not financial advice.
