SpyGlass Pharma (SGP) awards CFO 17,500 stock options at $16
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SpyGlass Pharma, Inc. granted its Chief Financial Officer, Jean-Frederic Viret, a stock option covering 17,500 shares of common stock at an exercise price of $16 per share on February 5, 2026.
According to the vesting terms, 25% of the option vests on the one-year anniversary of the February 5, 2026 vesting commencement date, with the remaining shares vesting in equal monthly installments over the following three years, contingent on continued service. After this grant, Viret directly holds derivative securities representing 17,500 underlying shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Viret Jean-Frederic
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 17,500 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 17,500 shares (Direct)
Footnotes (1)
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FAQ
What did SpyGlass Pharma (SGP) disclose in this Form 4 filing?
SpyGlass Pharma disclosed a stock option grant to its Chief Financial Officer, Jean-Frederic Viret. The option covers 17,500 shares of common stock at a $16 exercise price, awarded on February 5, 2026, as part of his equity compensation.
What is the exercise price of the SpyGlass Pharma (SGP) CFO’s stock option?
The exercise price of the CFO’s stock option is $16 per share. This means he can buy up to 17,500 shares at $16 once the option vests, regardless of the market price at future exercise dates.
How does the stock option granted to SpyGlass Pharma (SGP)’s CFO vest?
The option vests over four years, starting February 5, 2026. Twenty-five percent vests on the one-year anniversary of that date, with the remaining shares vesting in equal monthly installments over the next 36 months, conditioned on continued service.
What role does Jean-Frederic Viret hold at SpyGlass Pharma (SGP)?
Jean-Frederic Viret serves as Chief Financial Officer of SpyGlass Pharma. The Form 4 shows he received a stock option grant tied to this role, aligning part of his compensation with the company’s common stock performance over a multi-year vesting period.
Is the SpyGlass Pharma (SGP) CFO’s new option a purchase or an award?
The transaction is an award, not an open-market purchase. It is coded as a grant or other acquisition of a derivative security, providing a stock option to buy 17,500 shares at $16, subject to the specified vesting schedule and continued service.