Sana Biotechnology (SANA) CEO granted 200,000 RSUs and 900,000 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sana Biotechnology President & CEO Steve Harr received new equity awards. On March 5, he was granted 200,000 restricted stock units and stock options for 900,000 shares of Sana common stock, both at a per-share exercise price of $0.00.
The 200,000 restricted stock units each represent a right to receive one share of Sana common stock and vest in four equal installments on March 5 of 2027, 2028, 2029 and 2030, if he continues to serve the company. The 900,000-share stock option vests as to 25% of the underlying shares on March 5, 2027, then in 36 equal monthly installments thereafter, also conditioned on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Harr Steve
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 200,000 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 900,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 200,000 shares (Direct);
Stock Option (Right to Buy) — 900,000 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Sana Biotechnology, Inc. ("Sana") common stock. The restricted stock units vest in four equal installments on each of March 5, 2027, 2028, 2029 and 2030, provided that the reporting person provides continuous service to Sana as an employee, consultant, director or officer of Sana through each such date. The option vests and becomes exercisable as to 25% of the underlying shares on March 5, 2027 and in 36 equal monthly installments thereafter, provided that the reporting person provides continuous service to Sana as an employee, consultant, director or officer of Sana through each such date.
FAQ
What equity awards did Sana Biotechnology (SANA) CEO Steve Harr receive?
Sana Biotechnology’s CEO Steve Harr received 200,000 restricted stock units and stock options for 900,000 shares. The RSUs convert into common stock if vesting conditions are met, while the options give him the right to buy Sana shares once they vest and become exercisable.
How do the new restricted stock units for Sana (SANA) CEO vest?
The 200,000 restricted stock units granted to Sana’s CEO vest in four equal installments on March 5 of 2027, 2028, 2029 and 2030. Vesting requires his continuous service to Sana as an employee, consultant, director or officer through each vesting date.
What is the vesting schedule for Steve Harr’s 900,000 Sana (SANA) stock options?
The 900,000-share stock option for Steve Harr vests 25% on March 5, 2027, with the remaining shares vesting in 36 equal monthly installments after that date. Vesting is conditioned on his continued service to Sana in an eligible role throughout the vesting period.
What does each restricted stock unit for Sana Biotechnology (SANA) represent?
Each restricted stock unit granted to Steve Harr represents a contingent right to receive one share of Sana Biotechnology common stock. These units only convert into shares if the specified time-based vesting conditions and continuous service requirements are satisfied on each vesting date.
Are Steve Harr’s new Sana (SANA) awards direct or indirect ownership?
The Form 4 indicates Steve Harr’s newly granted restricted stock units and stock options are held as direct ownership. There are no footnotes stating that another entity holds voting or investment power, so the awards are attributed directly to him under the filing’s disclosures.