SpyGlass Pharma (SGP) awards 105,000 stock options to director-officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SpyGlass Pharma, Inc. director and officer Malik Y. Kahook received a grant of stock options covering 105,000 shares of common stock on February 5, 2026 at an exercise price of $16 per share. These options are held as direct beneficial ownership.
The options vest over time: 25% of the shares vest 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. The options expire on February 5, 2036, and this grant brings his total derivative holdings from this award to 105,000 options.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kahook Malik Y.
Role
See remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 105,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 105,000 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did SpyGlass Pharma (SGP) report for Malik Y. Kahook?
SpyGlass Pharma reported a grant of stock options to Malik Y. Kahook. He received 105,000 options to buy common shares at $16 per share, classified as a direct, derivative security award under the company’s equity incentive arrangements.
How many SpyGlass Pharma (SGP) stock options were granted in this Form 4 filing?
The filing reports a grant of 105,000 stock options. These options give the right to purchase SpyGlass Pharma common stock at a fixed $16 exercise price, representing a significant equity-based compensation award to the reporting person.
What is the exercise price and expiration date of the SpyGlass Pharma (SGP) options?
The stock options have an exercise price of $16 per share and expire on February 5, 2036. This means the holder can buy SpyGlass Pharma common shares at $16 any time during the option term, once vested and subject to plan conditions.
What is the vesting schedule for Malik Y. Kahook’s SpyGlass Pharma (SGP) option grant?
The vesting schedule is time-based and service-dependent. Twenty-five percent of the 105,000 options vest on the one-year anniversary of February 5, 2026, with one-forty-eighth of the total vesting monthly thereafter, assuming continued service to SpyGlass Pharma.
What roles does Malik Y. Kahook hold at SpyGlass Pharma (SGP) in this filing?
The filing identifies Malik Y. Kahook as both a director and an officer of SpyGlass Pharma. The remarks section specifies his titles as President, Chief Medical Officer, and Executive Chair, indicating multiple key leadership responsibilities at the company.
Is the SpyGlass Pharma (SGP) option grant reported as direct or indirect ownership?
The option grant is reported as direct ownership. The Form 4 classifies the 105,000 stock options as directly held derivative securities, without any noted intermediary entity or indirect ownership structure in the ownership or footnote disclosures.