Rallybio (NASDAQ: RLYB) director granted options in lieu of cash
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rallybio Corp director Ronald Hunt received an option grant to acquire 14,305 shares of common stock at $3.60 per share. The option was issued under the 2021 Equity Incentive Plan in lieu of $51,500 in retainer fees and vests in 11 equal monthly installments over the remaining months of 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HUNT RONALD
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option (Right to Buy) | 14,305 | $3.60 | $51K |
Holdings After Transaction:
Option (Right to Buy) — 14,305 shares (Direct)
Footnotes (1)
- The option vests as to the underlying shares of Common Stock in 11 equal installments, each on the last day of each remaining month of calendar year 2026. This option was issued to the reporting person pursuant to the Company's 2021 Equity Incentive Plan in lieu of retainer fees of $51,500.
FAQ
What insider transaction did Rallybio (RLYB) director Ronald Hunt report?
Ronald Hunt reported receiving an option grant to acquire 14,305 Rallybio shares at $3.60 per share. The award is compensation under the 2021 Equity Incentive Plan, structured as stock options instead of a cash retainer for his board service.
What is the exercise price of Ronald Hunt’s Rallybio (RLYB) stock options?
The stock options granted to Ronald Hunt have an exercise price of $3.60 per share. This means he can purchase Rallybio common shares at $3.60 once the options vest, according to the monthly vesting schedule during the remaining months of 2026.
How do Ronald Hunt’s Rallybio (RLYB) options vest over time?
The options vest in 11 equal installments, each on the last day of the remaining months in 2026. This creates a monthly vesting pattern, so portions of the 14,305 underlying shares become exercisable steadily throughout the rest of calendar year 2026.
Why did Rallybio (RLYB) grant options to Ronald Hunt instead of cash?
Rallybio issued this option grant to Ronald Hunt in lieu of $51,500 in retainer fees. Instead of paying that board compensation in cash, the company delivered equivalent value through options under its 2021 Equity Incentive Plan tied to Rallybio common stock.
Under which plan were Ronald Hunt’s Rallybio (RLYB) options granted?
The options were granted pursuant to Rallybio’s 2021 Equity Incentive Plan. This plan allows the company to compensate directors and other participants with equity-based awards, such as stock options, aligning their compensation with Rallybio’s share performance over time.