Rigel Pharmaceuticals (RIGL) director discloses stock and option positions
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Rigel Pharmaceuticals director Michael Patrick Miller reported his initial ownership of company securities. He directly holds 187 shares of common stock and a stock option for 625 shares at an exercise price of $16.05 per share, expiring on October 3, 2034.
Of this option, 375 shares are already vested. The remaining 250 option shares will vest in substantially equal installments on February 28, March 29, April 29, and May 29, 2026, giving a clear schedule for when he gains full option rights.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MILLER MICHAEL PATRICK
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 625 shares (Direct);
Common Stock — 187 shares (Direct)
Footnotes (1)
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FAQ
What insider position does Michael Patrick Miller hold at Rigel Pharmaceuticals (RIGL)?
Michael Patrick Miller is reported as a director of Rigel Pharmaceuticals. The filing indicates he is not an officer and not a 10% owner, so this disclosure focuses on his board-level role and associated equity holdings in the company.
What stock options does Michael Patrick Miller hold in Rigel Pharmaceuticals (RIGL)?
He holds a stock option for 625 shares of common stock with an exercise price of $16.05 per share, expiring on October 3, 2034. This option, if exercised, would allow him to purchase Rigel shares at that fixed price.
How is Michael Patrick Miller’s Rigel (RIGL) stock option vesting structured?
Of the 625-share option, 375 shares are already vested. The remaining 250 shares will vest in substantially equal installments on February 28, March 29, April 29, and May 29, 2026, creating a staged vesting over those four months.
Is Michael Patrick Miller’s ownership in Rigel (RIGL) direct or through another entity?
Both the 187 common shares and the 625-share stock option are reported as direct (D) ownership. The disclosure does not describe any trust, partnership, or other indirect ownership structure associated with these positions.
Does the Rigel (RIGL) Form 3 for Michael Patrick Miller show any recent trades?
The disclosure lists holdings rather than specific buy or sell transactions. It reports his beneficial ownership of 187 common shares and a 625-share stock option, serving as an initial snapshot of his equity position as a company director.