Septerna (SEPN) director Shalini Sharp receives stock options on 15,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Septerna, Inc. director Shalini Sharp received a grant of stock options covering 15,000 shares of common stock. The options have an exercise price of $37.34 per share and expire on June 25, 2036. They vest in full on the earlier of June 26, 2027 or the company’s next annual meeting of stockholders, subject to her continued service. Following this compensation grant, she holds 15,000 derivative securities directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sharp Shalini
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 15,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 15,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 15,000 options
Exercise price: $37.34 per share
Expiration date: June 25, 2036
+2 more
5 metrics
Option grant size
15,000 options
Underlying common stock shares in new grant
Exercise price
$37.34 per share
Stock option strike price
Expiration date
June 25, 2036
Option term end date
Vesting date trigger
June 26, 2027
Latest vesting date or earlier annual meeting
Post-transaction derivative holdings
15,000 derivative securities
Total options held following grant
Key Terms
Stock Option (Right to Buy), Common Stock, exercise price, vest in full, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
Common Stock financial
"underlying_security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
exercise price financial
"conversion_or_exercise_price: "37.3400""
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.
vest in full financial
"The shares underlying the stock option vest in full upon the earlier of"
annual meeting of stockholders financial
"the date of the Issuer's next annual meeting of stockholders"
FAQ
What insider transaction did Septerna (SEPN) report in this Form 4?
Septerna reported a stock option grant to director Shalini Sharp for 15,000 underlying common shares. This is a compensation award rather than an open-market trade, documented as an “A” code acquisition on the Form 4.
What is the exercise price and expiration date of the Septerna (SEPN) option grant?
The stock option has an exercise price of $37.34 per share and expires on June 25, 2036. After that expiration date, any unexercised portion of the option will no longer be exercisable.
When do Shalini Sharp’s Septerna (SEPN) stock options vest?
The options vest in full on the earlier of June 26, 2027 or the date of Septerna’s next annual stockholder meeting. Vesting is conditioned on her continued service to the company through the applicable vesting date.
How many Septerna (SEPN) derivative securities does Shalini Sharp hold after this transaction?
After the reported transaction, Shalini Sharp holds 15,000 derivative securities related to this stock option. This reflects the full size of the newly granted option position reported in the Form 4.