Septerna (SEPN) director Bernard Coulie receives 15,000 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Septerna, Inc. director Bernard Coulie 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. All 15,000 options vest in full on the earlier of June 26, 2027 or the date of Septerna’s next annual stockholders’ meeting, as long as he continues serving the company through that date. This is a compensation-related award, not an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Coulie Bernard
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
Total options after grant: 15,000 options
+2 more
5 metrics
Option grant size
15,000 options
Stock Option (Right to Buy) grant on June 26, 2026
Exercise price
$37.34 per share
Exercise price for 15,000 stock options
Total options after grant
15,000 options
Total derivative securities following this transaction
Expiration date
June 25, 2036
Option expiration for 15,000 stock options
Vesting date trigger
June 26, 2027 or next annual meeting
Full vesting contingent on continued service
Key Terms
Stock Option (Right to Buy), exercise price, vest in full, annual meeting of stockholders, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
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"
annual meeting of stockholders financial
"the date of the Issuer's next annual meeting of stockholders"
expiration date financial
"expiration_date: 2036-06-25T00:00:00.000Z"
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.
FAQ
What did Septerna (SEPN) director Bernard Coulie report in this Form 4?
Bernard Coulie reported receiving a grant of stock options for 15,000 shares of Septerna common stock. These options were awarded as compensation and give him the right to buy shares at a fixed exercise price if and when they vest in the future.
How many Septerna (SEPN) stock options did Bernard Coulie receive and at what price?
He received stock options covering 15,000 shares of Septerna common stock with an exercise price of $37.34 per share. This means he can buy up to 15,000 shares at $37.34 each once the options have vested and before they expire.
When do Bernard Coulie’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 meeting of stockholders. Vesting is contingent on Bernard Coulie continuing to serve the company through whichever of these dates occurs first.
When do the newly granted Septerna (SEPN) stock options expire?
These stock options expire on June 25, 2036. After that expiration date, Bernard Coulie will no longer be able to exercise the options to purchase Septerna common shares, even if they have vested and were not previously exercised.
Is this Septerna (SEPN) Form 4 an open-market stock purchase or sale?
No, this Form 4 reflects a compensation-related grant of stock options, not an open-market trade. Bernard Coulie did not buy or sell shares in the market; he received options giving him the future right to purchase shares at a fixed price.