Quoin Pharmaceuticals (QNRX) director receives 21,709 ADS stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quoin Pharmaceuticals director Dennis Langer received a grant of stock options linked to American Depositary Shares (ADSs). On February 4, 2026, he was awarded options to acquire 21,709 ADSs at an exercise price of $7.37 per ADS. Each ADS represents thirty-five ordinary shares of Quoin Pharmaceuticals. The options vest over four years, with 20% vesting on each of February 4, 2027, 2028, and 2029, and the remaining 40% vesting on February 4, 2030. Following this grant, Langer beneficially owns 21,709 derivative securities directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LANGER DENNIS
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Share Option (Right to Buy) | 21,709 | $0.00 | -- |
Holdings After Transaction:
Share Option (Right to Buy) — 21,709 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) report for Dennis Langer?
Quoin Pharmaceuticals reported a stock option grant to director Dennis Langer. On February 4, 2026, he received options for 21,709 ADSs at a $7.37 exercise price, vesting over four years, giving him direct beneficial ownership of these derivative securities if he exercises them.
How many Quoin (QNRX) ADS options were granted to director Dennis Langer?
Dennis Langer was granted options on 21,709 Quoin ADSs. The award is structured as a derivative security, giving him the right to buy 21,709 ADSs at a fixed $7.37 exercise price, subject to a multi-year vesting schedule running from 2027 through 2030.
What is the vesting schedule for Dennis Langer’s Quoin (QNRX) option grant?
The 21,709 ADS options vest in four annual installments. Twenty percent vests on each of February 4, 2027, 2028, and 2029, with the remaining 40% vesting on February 4, 2030, aligning Langer’s potential equity ownership with longer-term company performance.
What does each Quoin (QNRX) ADS represent in Dennis Langer’s option grant?
Each ADS in Dennis Langer’s grant represents thirty-five ordinary shares. The option terms, including the 21,709 underlying securities and the $7.37 exercise price, are all expressed in ADS units, linking his potential equity stake to these depositary share conventions.
Is Dennis Langer’s Quoin (QNRX) option grant reported as directly owned?
Yes, the 21,709 ADS options are reported as directly owned by Dennis Langer. The filing classifies his ownership form as direct, with no footnote disclaimers transferring voting or investment authority to another entity, indicating personal beneficial ownership of the derivative position.
What role does Dennis Langer hold at Quoin Pharmaceuticals (QNRX) in this Form 4?
Dennis Langer is identified as a director of Quoin Pharmaceuticals. The Form 4 indicates his relationship box checked as director, with no officer or 10% owner status marked, and reports the stock option grant as part of his equity-based compensation in that governance role.