Rigel Pharmaceuticals (RIGL) grants director 12,000 stock options at $34.86
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rigel Pharmaceuticals director receives new stock option grant. Director Michael Patrick Miller was awarded a stock option for 12,000 shares of Rigel common stock on February 1, 2026, with an exercise price of $34.86 per share. The option vests in equal monthly installments from February 1, 2026 until the annual meeting at which he is first scheduled to be considered for election by stockholders, conditioned on his continued service on the board.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MILLER MICHAEL PATRICK
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 12,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 12,000 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Rigel Pharmaceuticals (RIGL) disclose for Michael Patrick Miller?
Rigel Pharmaceuticals reported that director Michael Patrick Miller received a stock option grant for 12,000 shares of common stock on February 1, 2026, with an exercise price of $34.86 per share. This is a derivative security giving him the right to buy shares in the future.
What are the key terms of Michael Patrick Miller’s Rigel (RIGL) stock option?
Michael Patrick Miller’s stock option covers 12,000 shares of Rigel common stock at a $34.86 exercise price. The option was granted on February 1, 2026 and is held directly, with 12,000 derivative securities beneficially owned following the reported transaction.
How does Michael Patrick Miller’s Rigel (RIGL) option award vest?
The option vests in equal monthly installments beginning February 1, 2026 and ending on the date of the annual meeting when he is first scheduled to be considered for election by stockholders. Vesting is contingent on his continuous service on Rigel’s Board of Directors.
What is the expiration date of the Rigel (RIGL) stock option granted to Michael Patrick Miller?
The stock option granted to Michael Patrick Miller expires on February 1, 2036. Until that expiration date, he may exercise the option to purchase up to 12,000 shares of Rigel common stock at the fixed exercise price of $34.86 per share.
Is Michael Patrick Miller’s Rigel (RIGL) stock option held directly or indirectly?
The Form 4 indicates Michael Patrick Miller holds the 12,000 stock options directly. The ownership form is marked as “D” for direct, and no nature of indirect beneficial ownership is listed, meaning the award is reported as personally held rather than through another entity.