RxSight CMO swaps options for $6.375 strike
Chief Medical Officer Ronald M. Kurtz, MD exchanged multiple RxSight stock options for new grants with a lower exercise price and revised vesting terms.
Rhea-AI Filing Summary
RxSight, Inc. reported that Chief Medical Officer Ronald M. Kurtz, MD adjusted his equity awards on September 5, 2026 in connection with an option exchange program. He returned four outstanding stock option grants to the company and received four replacement options with a lower exercise price of $6.375 per share, each with specified vesting schedules tied to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Kurtz Ronald M MD
Role
Chief Medical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock option (right to buy) F1 | 338,819 | -- | -- |
| Disposition | Stock Option (right to buy) F3, F2 | 200,000 | -- | -- |
| Disposition | Stock Option (right to buy) F5, F4 | 149,000 | -- | -- |
| Disposition | Stock Option (right to buy) F1, F6 | 215,000 | -- | -- |
| Grant/Award | Stock Option (right to buy) F1, F7 | 254,751 | -- | -- |
| Grant/Award | Stock Option (right to buy) F3, F8 | 173,913 | -- | -- |
| Grant/Award | Stock Option (right to buy) F5, F9 | 96,129 | -- | -- |
| Grant/Award | Stock Option (right to buy) F1, F10 | 161,654 | -- | -- |
Holdings After Transaction:
Stock option (right to buy) — 686,447 contracts (Direct)
Footnotes (10)
- F1. On September 5, 2026, in connection with the Issuer's option exchange program, the Issuer exchanged the Reporting Person's outstanding option on a 1.33:1 basis with a post-exchange exercise price of $6.375 per share.
- F2. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, one forty-eighth (1/48th) of the shares subject to the option shall vest each month following the Vesting Commencement Date on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the month). "Vesting Commencement Date" shall mean March 9, 2023.
- F3. On September 5, 2026, in connection with the Issuer's option exchange program, the Issuer exchanged the Reporting Person's outstanding option on a 1.15:1 basis with a post-exchange exercise price of $6.375 per share.
- F4. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, one forty-eighth (1/48th) of the shares subject to the option shall vest each month following the Vesting Commencement Date on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the month). "Vesting Commencement Date" shall mean March 4, 2024.
- F5. On September 5, 2026, in connection with the Issuer's option exchange program, the Issuer exchanged the Reporting Person's outstanding option on a 1.55:1 basis with a post-exchange exercise price of $6.375 per share.
- F6. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, one forty-eighth (1/48th) of the shares subject to the option shall vest each month following the Vesting Commencement Date on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the month). "Vesting Commencement Date" shall mean February 27, 2025.
- F7. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, 25% of the shares subject to the option will vest on February 28, 2027 and the remaining 75% of the shares subject to the option will vest on August 31, 2027.
- F8. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, 25% of the 148,549 shares subject to the option will vest on February 28, 2027 and the remaining 75% of the 148,549 shares subject to the option will vest on August 31, 2027. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, one twenty-fourth (1/24th) of the 25,364 shares subject to the option will vest on February 28, 2027 and in equal monthly installments thereafter.
- F9. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, 25% of the 60,080 shares subject to the option will vest on February 28, 2027 and the remaining 75% of the 60,080 shares subject to the option will vest on August 31, 2027. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, one twenty-fourth (1/24th) of the 36,049 shares subject to the option will vest on February 28, 2027 and in equal monthly installments thereafter.
- F10. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, 25% of the 60,620 shares subject to the option will vest on February 28, 2027 and the remaining 75% of the 60,620 shares subject to the option will vest on August 31, 2027. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, one twenty-fourth (1/24th) of the 101,034 shares subject to the option will vest on February 28, 2027 and in equal monthly installments thereafter.
Key Figures
Options returned at $16.00: 338,819 options
Options returned at $14.95: 200,000 options
Options returned at $56.07: 149,000 options
+5 more
8 metrics
Options returned at $16.00
338,819 options
Options to buy RxSight common stock with a $16.00 exercise price returned to the issuer on September 5, 2026
Options returned at $14.95
200,000 options
Options with a $14.95 exercise price returned to the issuer on September 5, 2026
Options returned at $56.07
149,000 options
Options with a $56.07 exercise price returned to the issuer on September 5, 2026
Options returned at $28.21
215,000 options
Options with a $28.21 exercise price returned to the issuer on September 5, 2026
New options at $6.375
254,751 options
New stock option grant with a $6.375 exercise price expiring September 4, 2033
Additional new options at $6.375
173,913 options
New stock option grant with a $6.375 exercise price expiring September 4, 2033
Cliff vesting date
February 28, 2027
25% of certain new option grants vest on February 28, 2027, subject to continued service
Final vesting date
August 31, 2027
Remaining 75% of certain new option grants vest on August 31, 2027, subject to continued service
Key Terms
option exchange program, Vesting Commencement Date, Service Provider, 2021 Equity Incentive Plan
4 terms
option exchange program financial
"On September 5, 2026, in connection with the Issuer's option exchange program, the Issuer exchanged"
Vesting Commencement Date financial
""Vesting Commencement Date" shall mean March 9, 2023."
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
Service Provider financial
"Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan)"
2021 Equity Incentive Plan financial
"as defined in the Issuer's 2021 Equity Incentive Plan"
FAQ
What insider equity changes were reported for RXST on September 5, 2026?
On September 5, 2026, RxSight’s Chief Medical Officer Ronald M. Kurtz, MD returned four outstanding stock option grants and received four new stock option grants as part of an option exchange program, all with a $6.375 exercise price and updated vesting schedules.
Did the RXST filing show option grants or cancellations for the Chief Medical Officer?
Both. The Chief Medical Officer surrendered four existing stock option awards covering 338,819, 200,000, 149,000 and 215,000 shares and received four new stock option grants covering 254,751, 173,913, 96,129 and 161,654 shares, all at an exercise price of $6.375.
What were the exercise prices of the RXST options affected in this Form 4?
The options returned had exercise prices of $16.00, $14.95, $56.07 and $28.21 per share. All replacement options granted on September 5, 2026 carry a new exercise price of $6.375 per share under the option exchange program.
How do the new RXST options for the Chief Medical Officer vest?
For certain exchanged options, one forty-eighth of the shares vests monthly from Vesting Commencement Dates of March 9, 2023, March 4, 2024, or February 27, 2025. Other new grants vest 25% on February 28, 2027 and 75% on August 31, 2027, with portions vesting monthly thereafter.
Were the RXST insider transactions under a Rule 10b5-1 trading plan?
No. The filing indicates that these option exchanges and grants for the Chief Medical Officer were not reported as being made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.