Sagimet Biosciences (SGMT) director receives 39,567 stock options at $6.48
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sagimet Biosciences Inc. director Elizabeth A. Grammer received a grant of stock options covering 39,567 shares of Series A Common Stock. The options have an exercise price of $6.48 per share and expire on June 11, 2036.
The shares underlying this option are scheduled to vest in twelve equal monthly installments following June 12, 2026, contingent on her continued service on each vesting date. This is a compensation-related award and does not reflect any open-market buying or selling of Sagimet stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GRAMMER ELIZABETH A
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 options
Exercise price: $6.48 per share
Expiration date: June 11, 2036
+2 more
5 metrics
Option grant size
39,567 options
Stock Option grant to director Elizabeth A. Grammer
Exercise price
$6.48 per share
Exercise price of Series A Common Stock options
Expiration date
June 11, 2036
Option term for director grant
Post-grant derivative holdings
39,567 options
Total options held following the reported transaction
Vesting schedule
12 monthly installments
Vests over twelve equal monthly installments after June 12, 2026
Key Terms
Stock Option (Right to Buy), exercise price, expiration date, vesting
4 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
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.
expiration date financial
"expiration_date: "2036-06-11T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised.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.
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 did Sagimet Biosciences (SGMT) director Elizabeth Grammer report in this Form 4?
Elizabeth A. Grammer reported receiving a stock option grant for 39,567 shares of Sagimet Biosciences Series A Common Stock at a $6.48 exercise price, expiring June 11, 2036, as part of her director compensation package.
Is the Sagimet (SGMT) Form 4 a buy or sell of common stock?
The Form 4 does not show any open-market buy or sell. It reports a grant of stock options as compensation, giving the director the right to buy 39,567 shares at $6.48 per share in the future, subject to vesting.
How do the Sagimet Biosciences (SGMT) options granted to the director vest?
The options vest over twelve equal monthly installments following June 12, 2026. Each monthly tranche vests only if Elizabeth A. Grammer continues serving on the board on the applicable vesting date, aligning the award with ongoing service.
What is the exercise price and expiration date of the SGMT director stock options?
The stock options have a fixed exercise price of $6.48 per share and an expiration date of June 11, 2036. After expiration, any unexercised options will lapse and no longer give the right to purchase Sagimet Biosciences shares.
How many Sagimet (SGMT) options does the director hold after this transaction?
After this transaction, Elizabeth A. Grammer is shown holding 39,567 stock options directly. These options all relate to Series A Common Stock and are subject to the stated vesting schedule and the $6.48 per share exercise price.