17,340 Sionna Therapeutics (SION) options granted via OrbiMed-linked agreement
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sionna Therapeutics director Peter A. Thompson reported a grant of 17,340 non-qualified stock options linked to Sionna Therapeutics, Inc. common stock. The options have an exercise price of $36.73 per share and expire on June 16, 2036. They vest in full on the earlier of June 17, 2027 or the date of the next annual meeting of Sionna Therapeutics, Inc., contingent on his continued service. Under an agreement with OrbiMed Advisors LLC and OrbiMed Capital GP VIII LLC, any securities or economic benefits from these options are to be transferred so that the economic benefit is provided to OrbiMed Private Investments VIII, LP.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Thompson Peter A.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualified Stock Option (right to buy) | 17,340 | $0.00 | -- |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 17,340 shares (Direct, null)
Footnotes (1)
- Pursuant to an agreement with OrbiMed Advisors LLC and OrbiMed Capital GP VIII LLC, the Reporting Person is obligated to transfer any securities issued under any such stock options or other awards, or the economic benefit thereof, to OrbiMed Advisors LLC and OrbiMed Capital GP VIII LLC, which will in turn ensure that such securities or economic benefits are provided to OrbiMed Private Investments VIII, LP. This option vests in full upon the earlier of June 17, 2027 or the date of the next annual meeting of Sionna Therapeutics, Inc., subject to the Reporting Person's continued service on such vesting date.
Key Figures
Options granted: 17,340 options
Exercise price: $36.73 per share
Expiration date: June 16, 2036
+2 more
5 metrics
Options granted
17,340 options
Non-qualified stock option grant to director
Exercise price
$36.73 per share
Exercise price of Sionna Therapeutics options
Expiration date
June 16, 2036
Option term end date
Vesting timing
Earlier of June 17, 2027 or next annual meeting
Full vesting trigger, service-based
Post-transaction derivative holdings
17,340 options
Total derivative securities following transaction
Key Terms
Non-Qualified Stock Option (right to buy), grant, award, or other acquisition, economic benefit, OrbiMed Advisors LLC, +1 more
5 terms
Non-Qualified Stock Option (right to buy) financial
"security_title: "Non-Qualified Stock Option (right to buy)""
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
economic benefit financial
"transfer any securities or the economic benefit thereof to OrbiMed"
OrbiMed Advisors LLC financial
"agreement with OrbiMed Advisors LLC and OrbiMed Capital GP VIII LLC"
annual meeting financial
"earlier of June 17, 2027 or the date of the next annual meeting"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
FAQ
What insider transaction did Sionna Therapeutics (SION) disclose in this Form 4?
Sionna Therapeutics disclosed a grant of 17,340 non-qualified stock options to director Peter A. Thompson. These options relate to common stock, represent a compensation award, and increase his reported derivative holdings to 17,340 options following the transaction.
What is the exercise price and expiry of the new SION stock options?
The granted SION options have an exercise price of $36.73 per share and an expiration date of June 16, 2036. This means they can be exercised at $36.73 any time after vesting until that expiration date, subject to the award’s terms.
When do the newly granted Sionna Therapeutics (SION) options vest?
The options vest in full on the earlier of June 17, 2027 or the next annual meeting of Sionna Therapeutics, Inc. Vesting is contingent on Peter A. Thompson’s continued service through that vesting date under the award’s conditions.
How many SION derivative securities does the insider hold after this grant?
After the transaction, the Form 4 shows 17,340 derivative securities held, all from this non-qualified stock option grant. There are no additional remaining derivative positions listed in the filing’s derivative position summary section.
What role do OrbiMed entities play in this Sionna Therapeutics (SION) option grant?
Under an agreement, any securities or economic benefits from the options must be transferred so that OrbiMed Advisors LLC and OrbiMed Capital GP VIII LLC ensure the economic benefit is provided to OrbiMed Private Investments VIII, LP.
Is this Sionna Therapeutics (SION) Form 4 an open-market purchase or a compensation grant?
The Form 4 reflects a compensation-related option grant, not an open-market share purchase. The transaction code is “A,” described as a grant, award, or other acquisition, with a transaction price per option of $0.00.