Q32 Bio (QTTB) director gets 9,810 options at $12.64, benefits to OrbiMed
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Q32 Bio Inc. director and ten percent owner Diyong Xu received a grant of stock options covering 9,810 shares of common stock at an exercise price of $12.64 per share. These options expire on June 11, 2036.
The options vest and become exercisable in full on the earlier of June 12, 2027 or the date of Q32 Bio’s next annual meeting of stockholders, subject to Xu’s continued service. Under an agreement with OrbiMed entities, any securities or economic benefits from these options must be transferred to OrbiMed-related funds.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Xu Diyong
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 9,810 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 9,810 shares (Direct, null)
Footnotes (1)
- The shares underlying this option shall vest and become exercisable in full upon the earlier of (i) June 12, 2027 or (ii) the date of the Issuer's next annual meeting of stockholders, subject to the Reporting Person's continued service on such vesting date. Pursuant to an agreement with OrbiMed Advisors LLC and OrbiMed Capital GP VII 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 VII LLC, which will in turn ensure that such securities or economic benefits are provided to OrbiMed Private Investments VII, LP.
Key Figures
Option grant size: 9,810 shares
Exercise price: $12.64 per share
Expiration date: June 11, 2036
+2 more
5 metrics
Option grant size
9,810 shares
Stock Option (Right to Buy) granted to Diyong Xu
Exercise price
$12.64 per share
Conversion or exercise price for the stock options
Expiration date
June 11, 2036
Option term end date for the grant
Underlying shares
9,810 shares
Common stock underlying the stock option grant
Post-grant derivative holdings
9,810 option shares
Total shares underlying options following the transaction
Key Terms
Stock Option (Right to Buy), vesting, exercise price, expiration date, +2 more
6 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
vesting financial
"shares underlying this option shall vest and become exercisable in full"
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.
exercise price financial
"conversion_or_exercise_price: 12.6400"
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.
expiration date financial
"expiration_date: 2036-06-11T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
annual meeting of stockholders financial
"earlier of (i) June 12, 2027 or (ii) the date of the Issuer's next annual meeting of stockholders"
economic benefit financial
"transfer any securities issued under any such stock options or other awards, or the economic benefit thereof"
FAQ
What did Q32 Bio (QTTB) director Diyong Xu receive in this Form 4 filing?
Diyong Xu received a grant of stock options for 9,810 shares of Q32 Bio common stock. The options were granted at a $12.64 exercise price per share and represent equity-based compensation rather than a market purchase or sale of existing shares.
At what price can the new Q32 Bio (QTTB) stock options be exercised?
The stock options granted to Diyong Xu have an exercise price of $12.64 per share. This means Xu, or the designated economic beneficiary, can buy Q32 Bio common stock at $12.64 if and when the options vest and are later exercised.
When do Diyong Xu’s Q32 Bio (QTTB) stock options vest and become exercisable?
The options vest in full on the earlier of June 12, 2027 or Q32 Bio’s next annual stockholder meeting. Vesting is conditioned on Xu’s continued service through the applicable vesting date, after which the options become exercisable for common shares.
Who ultimately receives the economic benefit from Diyong Xu’s Q32 Bio (QTTB) options?
Under an agreement with OrbiMed Advisors LLC and OrbiMed Capital GP VII LLC, any securities or economic benefits from these options must be transferred to them. They will ensure the benefits are provided to OrbiMed Private Investments VII, LP as specified.
When do the newly granted Q32 Bio (QTTB) stock options expire?
The granted stock options expire on June 11, 2036 if not exercised earlier. After that expiration date, the right to purchase Q32 Bio common stock at the $12.64 exercise price under this particular option grant will lapse.