Director at Sagimet Biosciences (NASDAQ: SGMT) receives 39,567 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sagimet Biosciences Inc. director Jennifer Jarrett reported a grant of stock options on Series A Common Stock. She received options for 39,567 shares at an exercise price of $6.48 per share, all held as a direct derivative position following the transaction.
According to the terms, the shares underlying this option will vest and become exercisable in twelve equal monthly installments following June 12, 2026, conditioned on her continued service on each vesting date. The option expires on June 11, 2036, providing a long-dated equity incentive aligned with her board role.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jarrett Jennifer
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
Option grant size: 39,567 shares
Exercise price: $6.48 per share
Post-transaction derivative holdings: 39,567 options
+2 more
5 metrics
Option grant size
39,567 shares
Stock Option (Right to Buy) on Series A Common Stock
Exercise price
$6.48 per share
Conversion or exercise price of granted options
Post-transaction derivative holdings
39,567 options
Total derivative securities following the transaction
Vesting schedule length
12 monthly installments
Vesting begins after June 12, 2026
Option expiration date
June 11, 2036
Expiration of stock option grant
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 per share as exercise price"
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 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 did Sagimet Biosciences (SGMT) director Jennifer Jarrett report on this Form 4?
Jennifer Jarrett reported receiving a stock option grant for 39,567 shares of Sagimet Biosciences Series A Common Stock. The award is a derivative security, providing the right to buy shares at a fixed exercise price under specified vesting terms.
How many Sagimet Biosciences (SGMT) options did Jennifer Jarrett receive and at what exercise price?
She received options covering 39,567 shares with an exercise price of $6.48 per share. These options give her the right to purchase Series A Common Stock at that price if and when the underlying shares vest and the option is exercised.
What is the vesting schedule for Jennifer Jarrett’s Sagimet (SGMT) stock options?
The shares underlying the option vest in twelve equal monthly installments following June 12, 2026. Vesting on each monthly date is subject to her continued service, meaning she must remain in her role to earn each additional portion of the grant.
When do Jennifer Jarrett’s Sagimet Biosciences (SGMT) options expire?
The stock options expire on June 11, 2036. After that expiration date, any unexercised portion of the option will lapse, and she will no longer have the right to purchase the related shares at the $6.48 exercise price.
How many Sagimet Biosciences (SGMT) derivative securities does Jennifer Jarrett hold after this transaction?
Following this reported transaction, she holds 39,567 derivative securities in the form of stock options. This entire position comes from the newly granted options, which are subject to the specified vesting and expiration terms described in the Form 4.