Director Anne Phillips receives 39,567 Sagimet (SGMT) stock options at $6.48 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sagimet Biosciences Inc. director Anne M. Phillips received a grant of stock options covering 39,567 shares of Series A Common Stock at an exercise price of $6.48 per share. These options were awarded as compensation and are held directly.
The options vest and become exercisable in twelve equal monthly installments following June 12, 2026, contingent on her continued service on each vesting date. Following this grant, she holds stock options for 39,567 underlying shares, all from this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Phillips Anne M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 39,567 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 39,567 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 39,567 shares
Exercise price: $6.48 per share
Underlying shares: 39,567 shares
+3 more
6 metrics
Options granted
39,567 shares
Stock Option (Right to Buy) granted to director
Exercise price
$6.48 per share
Conversion or exercise price of stock option
Underlying shares
39,567 shares
Series A Common Stock covered by option
Total derivatives after grant
39,567 options
Total shares following transaction
Option expiration
June 11, 2036
Expiration date of the granted option
Vesting schedule
12 monthly installments
Equal monthly vesting after June 12, 2026
Key Terms
Stock Option (Right to Buy), Series A Common Stock, exercise price, vesting
4 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
Series A Common Stock financial
"underlying_security_title: Series A Common Stock"
Series A common stock is a specific class of a company’s ordinary shares issued during an early formal funding round, carrying the ownership rights and voting power tied to that class. For investors it signals an early-stage equity claim with potential upside if the business grows, but also greater risk and typically less liquidity than shares in mature, publicly traded firms—imagine buying a seat on a startup’s team before the company has proven itself.
exercise price financial
"conversion_or_exercise_price: 6.4800"
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.
vesting financial
"shares underlying this option shall vest and become exercisable over twelve (12) equal monthly installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Sagimet Biosciences (SGMT) report for Anne M. Phillips?
Sagimet Biosciences reported that director Anne M. Phillips received a grant of stock options for 39,567 shares of Series A Common Stock at a $6.48 exercise price. This is a compensation-related award, not an open-market share purchase or sale.
What is the exercise price and expiration date of Anne M. Phillips’ Sagimet (SGMT) options?
The granted stock options have a $6.48 per share exercise price and expire on June 11, 2036. This long-dated award gives the director the right to buy shares at that price if the options vest and are later exercised.
How do Anne M. Phillips’ Sagimet (SGMT) stock options vest?
The options vest in twelve equal monthly installments after June 12, 2026, subject to Anne M. Phillips’ continued service. Each month a portion becomes exercisable, aligning the award with ongoing board service over the one-year vesting period.
Is Anne M. Phillips buying or selling Sagimet Biosciences (SGMT) stock in this Form 4?
This Form 4 shows an acquisition of stock options as a grant, not an open-market buy or sale of shares. The transaction is coded as an award, reflecting equity-based compensation rather than a discretionary stock trade.