RIGEL PHARMACEUTICALS, INC. (RIGL) reported a Section 16 filing showing a performance-based employee stock option became exercisable on 09/15/2025. The option covers 7,394 shares of common stock with an exercise price of $22.49, which equals the closing price on the grant date of 01/29/2025. The reporting person, Lisa Rojkjaer, identified as EVP and Chief Medical Officer, had the performance metric formally determined met on 09/15/2025, and the option fully vested that same day. The Form 4 was signed by an attorney-in-fact on 09/17/2025.
Raymond J. Furey, EVP, GC, CCO & Corporate Secretary of Rigel Pharmaceuticals, Inc. (RIGL), reported the vesting of a performance-based employee stock option covering 7,394 shares. The option was granted with an exercise price of $22.49 (the closing Nasdaq price on the grant date, 01/29/2025) and became fully vested on 09/15/2025 when the performance metric was determined to have been met. The Form 4 was filed on 09/17/2025.
This disclosure shows an insider equity award that converted from conditional to exercisable status, creating the right to acquire 7,394 common shares at $22.49 per share and increasing the reporting person’s beneficially owned options to 7,394 shares.
Raul R. Rodriguez, CEO and Director of Rigel Pharmaceuticals, Inc. (RIGL), reported vesting of a performance-based stock option covering 31,700 shares. The option was granted on January 29, 2025 with an exercise price of $22.49, equal to the closing Nasdaq price on the grant date. Because vesting was conditioned on a performance metric, the grant became reportable only after the metric was satisfied.
The performance condition was determined met and the option fully vested on September 15, 2025. Following the vesting event, Rodriguez directly holds the option to acquire 31,700 shares exercisable through January 29, 2035. The Form 4 was filed by one reporting person and signed via attorney-in-fact on September 17, 2025.
Armistice Capital, LLC and Steven Boyd filed a Schedule 13G/A reporting beneficial ownership of 1,600,000 shares of Rigel Pharmaceuticals, representing 8.92% of the outstanding common stock. The filing states these shares are held directly by Armistice Capital Master Fund Ltd., for which Armistice Capital serves as investment manager and over which Armistice Capital and Mr. Boyd share voting and dispositive power.
The filing clarifies the Master Fund retains the economic right to proceeds or dividends while disclaiming direct beneficial ownership due to the investment management agreement. All reported share counts are based on 17,937,340 shares outstanding as of July 31, 2025, per the issuers SEC filing.
On 6 Aug 2025, Rigel Pharmaceuticals (RIGL) filed a routine Form S-8 to register 825,000 additional common shares for employee equity compensation: 125,000 shares under the Inducement Plan and 700,000 shares under the 2018 Equity Incentive Plan. The filing incorporates prior S-8s by reference and includes the usual legal opinions, consents and power-of-attorney exhibits; it contains no new earnings, balance-sheet data or corporate actions beyond the share registration. The statement ensures Rigel has sufficient shares available for future option and restricted-stock grants, supporting talent recruitment and retention. While the registration itself does not raise capital, any subsequent issuance of the shares will incrementally dilute existing shareholders.