Rapport Therapeutics (RAPP) director Wendy Young awarded 15,200 stock options at $35.21
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rapport Therapeutics director Wendy B. Young received a grant of stock options covering 15,200 shares of Common Stock. The options have an exercise price of $35.21 per share and expire on June 10, 2036. Following this award, she holds 15,200 options directly.
The 15,200 underlying shares will vest on the earlier of June 10, 2027 or the date of Rapport Therapeutics’ next Annual Meeting of Stockholders, as long as she continues to serve with the company through that vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Young Wendy B.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 15,200 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 15,200 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 15,200 options
Exercise price: $35.21 per share
Expiration date: June 10, 2036
+2 more
5 metrics
Options granted
15,200 options
Stock Option (Right to Buy) grant to director
Exercise price
$35.21 per share
Stock option exercise price
Expiration date
June 10, 2036
Option expiration
Post-transaction derivative holdings
15,200 options
Total options directly owned after grant
Vesting date trigger
Earlier of June 10, 2027 or next annual meeting
Vesting condition for option grant
Key Terms
Stock Option (Right to Buy), underlying security, exercise price, expiration date, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
underlying security financial
"underlying_security_title: Common Stock"
exercise price financial
"conversion_or_exercise_price: 35.2100"
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: 2036-06-10T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised.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
"the date of the next Annual Meeting of Stockholders of the Issuer"
FAQ
What did Rapport Therapeutics (RAPP) disclose in this Form 4 for Wendy B. Young?
Rapport Therapeutics reported that director Wendy B. Young received a stock option grant for 15,200 shares. These options give her the right to buy Common Stock at a fixed price, reflecting routine equity-based compensation for board service.
How many options did Wendy B. Young receive from Rapport Therapeutics (RAPP)?
She received stock options covering 15,200 shares of Common Stock. This entire amount is reflected as directly owned options after the transaction, indicating the filing only reports this new grant, not additional existing option holdings.
What is the exercise price and expiration date of Wendy Young’s RAPP options?
The options have an exercise price of $35.21 per share and expire on June 10, 2036. This means she can choose to buy Rapport Therapeutics stock at $35.21 any time before that expiration date, once the options have vested.
When do Wendy B. Young’s Rapport Therapeutics options vest?
The options vest on the earlier of June 10, 2027 or the date of the next Annual Meeting of Stockholders. Vesting is conditioned on her continued service with Rapport Therapeutics through that date, aligning her incentives with long-term company performance.
What is Wendy B. Young’s position at Rapport Therapeutics (RAPP)?
She is identified as a director of Rapport Therapeutics. The reported stock option grant is typical for director compensation, providing equity exposure that links her potential upside to the company’s future stock performance once options vest and are exercisable.