Sana Biotechnology (SANA) director granted 90,000 stock options at $2.96 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sana Biotechnology director Robert L. Rosiello received a grant of stock options covering 90,000 shares of common stock. The options have an exercise price of $2.96 per share and expire on June 3, 2036. They vest in full on the earlier of June 4, 2027 or immediately before Sana’s 2027 annual stockholder meeting, assuming he remains in continuous service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rosiello Robert L.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 90,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 90,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 90,000 shares
Exercise price: $2.96 per share
Total options after grant: 90,000 options
+2 more
5 metrics
Option grant size
90,000 shares
Stock Option (Right to Buy) underlying common stock
Exercise price
$2.96 per share
Conversion or exercise price of stock options
Total options after grant
90,000 options
Total derivative securities following transaction
Expiration date
June 3, 2036
Option expiration date
Vesting date
June 4, 2027
Earlier of this date or 2027 annual meeting
Key Terms
Stock Option (Right to Buy), exercise price, expiration date, vests and becomes exercisable, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
exercise price financial
"conversion_or_exercise_price: "2.9600""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: "2036-06-03T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
vests and becomes exercisable financial
"The option vests and becomes exercisable as to 100% of the underlying shares"
continuous service financial
"provided that the reporting person provides continuous service to Sana"
FAQ
What did Sana Biotechnology (SANA) director Robert Rosiello report on this Form 4?
Robert L. Rosiello reported receiving a grant of stock options for 90,000 Sana Biotechnology common shares. These options are a compensation award, not an open-market purchase or sale, and give him the right to buy shares in the future at a fixed price.
What is the exercise price and expiration date of Robert Rosiello’s SANA options?
The options have an exercise price of $2.96 per share and expire on June 3, 2036. This fixed price lets him buy shares at that level after vesting, regardless of the market price at that time.
When do Robert Rosiello’s Sana Biotechnology option awards vest?
The options vest 100% on the earlier of June 4, 2027 or immediately before Sana’s 2027 annual stockholder meeting. Vesting is conditioned on Rosiello continuing to provide service to Sana Biotechnology through the applicable vesting date.
Is this Sana Biotechnology (SANA) Form 4 an insider purchase or a compensation grant?
This Form 4 reflects a compensation grant, not an open-market purchase. The transaction code “A” and description show it is a stock option award, giving Rosiello rights to acquire shares in the future at $2.96 per share, subject to vesting.