SpyGlass Pharma (SGP) CEO Patrick Mooney awarded 300,000 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SpyGlass Pharma, Inc. Chief Executive Officer and director Patrick H. Mooney reported the acquisition of a stock option grant for 300,000 shares of common stock. The option has an exercise price of $16 per share and is held as a direct ownership position.
The grant vests over four years starting from a vesting commencement date of February 5, 2026. Twenty-five percent of the shares vest on the one-year anniversary of that date, and the remaining shares vest in equal monthly installments thereafter, contingent on Mr. Mooney continuing as a service provider.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mooney Patrick H.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 300,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 300,000 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did SpyGlass Pharma (SGP) report for Patrick H. Mooney?
SpyGlass Pharma reported that CEO and director Patrick H. Mooney acquired a stock option grant for 300,000 shares of common stock. The transaction is coded as a grant or award acquisition and is reported as a derivative security on a Form 4 filing.
What are the key terms of Patrick H. Mooney’s 300,000 SpyGlass Pharma (SGP) options?
Patrick H. Mooney received stock options covering 300,000 shares of SpyGlass Pharma common stock at a $16 exercise price per share. The options are reported with zero cost for the grant itself and are classified as directly owned derivative securities.
How do Patrick H. Mooney’s SpyGlass Pharma (SGP) options vest over time?
The options begin vesting from a February 5, 2026 vesting commencement date. Twenty‑five percent vest on the one‑year anniversary, with the remaining shares vesting in equal monthly installments over the following three years, subject to continued service.
What role does continued service play in Patrick H. Mooney’s SGP option vesting?
Vesting of Patrick H. Mooney’s options is conditioned on him continuing as a service provider under SpyGlass Pharma’s 2026 Equity Incentive Plan. If service ends, unvested portions would stop vesting according to the plan’s terms referenced in the filing.
How many SpyGlass Pharma (SGP) derivative securities does Patrick H. Mooney hold after this grant?
After the reported grant, Patrick H. Mooney beneficially owns 300,000 derivative securities in the form of stock options. These options provide the right to purchase an equal number of SpyGlass Pharma common shares at the specified exercise price.
Is Patrick H. Mooney’s ownership in SpyGlass Pharma (SGP) direct or indirect for this option grant?
The filing classifies Patrick H. Mooney’s ownership of the 300,000 stock options as direct. No indirect ownership entity or separate nature of indirect beneficial ownership is identified for this specific derivative security position in the report.