Quoin (QNRX) grants CEO Michael Myers 318,750 ADS options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quoin Pharmaceuticals (QNRX) reported an equity award to its CEO and director, Michael Myers. On February 4, 2026, he received a share option covering 318,750 American Depositary Shares (ADSs) at an exercise price of $7.37 per ADS, with no purchase price paid for the grant itself.
The option becomes exercisable in four annual installments: 20% of the ADSs vest on each of February 4, 2027, 2028 and 2029, and 40% vest on February 4, 2030. The option expires on February 4, 2036 and is held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Myers Michael
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Share Option (Right to Buy) | 318,750 | $0.00 | -- |
Holdings After Transaction:
Share Option (Right to Buy) — 318,750 shares (Direct)
Footnotes (1)
- The number of securities underlying the option and the exercise price are listed in terms of American Depositary Shares ("ADSs"). Each ADS represents thirty-five ordinary shares of the Issuer. The option vests in four annual installments with 20% vesting on each of February 4, 2027, 2028 and 2029 and 40% vesting on February 4, 2030.
FAQ
What insider transaction did Quoin Pharmaceuticals (QNRX) disclose in this Form 4?
Quoin Pharmaceuticals disclosed a stock option grant to CEO and director Michael Myers. He received options on 318,750 American Depositary Shares, recorded as an acquisition transaction on February 4, 2026, with the options held directly after the grant.
How many Quoin Pharmaceuticals (QNRX) ADSs are covered by Michael Myers’ new option?
The option granted to Michael Myers covers 318,750 American Depositary Shares. This entire amount is reflected as beneficially owned in derivative form following the transaction, according to the Form 4’s Table II and the recorded post-transaction balance of 318,750 derivative securities.
What is the exercise price of Michael Myers’ Quoin (QNRX) stock option?
The exercise price of Michael Myers’ stock option is $7.37 per American Depositary Share. The filing specifies that both the number of underlying securities and the exercise price are stated in ADS terms, with each ADS representing thirty-five ordinary shares.
How does the vesting schedule work for Michael Myers’ Quoin (QNRX) option grant?
The option vests in four annual installments. Twenty percent of the ADSs vest on each of February 4, 2027, February 4, 2028 and February 4, 2029, and the remaining forty percent vests on February 4, 2030, as detailed in the footnote.
When does Michael Myers’ Quoin Pharmaceuticals (QNRX) option grant expire?
The CEO’s option grant expires on February 4, 2036. The Form 4 lists this expiration date in Table II, indicating the long-term nature of the incentive, with the option remaining exercisable until that date subject to its vesting schedule.
What does each Quoin Pharmaceuticals (QNRX) ADS represent in this Form 4 filing?
Each American Depositary Share referenced in the option represents thirty-five ordinary shares of Quoin Pharmaceuticals. The filing explains that both the number of securities underlying the option and the exercise price are expressed in ADS terms to reflect this depositary share structure.