Sagimet (NASDAQ: SGMT) CMO receives 88,000-share option and 44,000 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sagimet Biosciences Chief Medical Officer Eduardo Bruno Martins reported equity awards that increase his direct holdings. He received a stock option covering 88,000 shares of Series A Common Stock at an exercise price of $0.00 per share, and a separate grant of 44,000 shares of Series A Common Stock in the form of restricted stock units (RSUs).
The RSUs will vest in four equal annual installments after February 19, 2026, contingent on continued service. The stock option will vest in forty-eight equal monthly installments after the same date, also subject to continued service. Following these transactions, his reported direct ownership of Series A Common Stock is 147,296 shares, and he holds options for 88,000 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Martins Eduardo Bruno
Role
Chief Medical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 88,000 | $0.00 | -- |
| Grant/Award | Series A Common Stock | 44,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 88,000 shares (Direct);
Series A Common Stock — 147,296 shares (Direct)
Footnotes (1)
- Represents restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Series A Common Stock upon vesting and settlement. The RSUs shall vest over four equal annual installments following February 19, 2026, subject to the Reporting Person's continued service on each such vesting date. The shares underlying this option shall vest and become exercisable over forty-eight equal monthly installments following February 19, 2026, subject to the Reporting Person's continued service on each such vesting date.
FAQ
What equity awards did Sagimet Biosciences (SGMT) grant to its Chief Medical Officer?
Sagimet Biosciences granted its Chief Medical Officer a stock option over 88,000 shares and 44,000 restricted stock units of Series A Common Stock. Both awards were reported at a $0.00 exercise or purchase price and are subject to multi-year vesting schedules tied to continued service.
How do the new RSUs for Sagimet Biosciences (SGMT) CMO vest over time?
The 44,000 RSUs granted to Sagimet’s Chief Medical Officer vest in four equal annual installments after February 19, 2026. Each installment requires the executive to remain in service on the applicable vesting date before receiving the underlying Series A Common Stock shares.
What is the vesting schedule for the new Sagimet Biosciences (SGMT) stock option grant?
The 88,000-share stock option granted to the Chief Medical Officer vests in forty-eight equal monthly installments following February 19, 2026. Each monthly tranche becomes exercisable only if the executive continues in service through the corresponding vesting date.