Solid Biosciences (NASDAQ: SLDB) grants director 77,500 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Solid Biosciences Inc. director Adam Leo Stone received a grant of stock options covering 77,500 shares of common stock. The options have an exercise price of $6.61 per share and were awarded at no cost as a compensation grant.
The option grant vests in full on the earlier of the one-year anniversary of the June 10, 2026 grant date or immediately before the company’s next annual stockholder meeting after that date. Any unvested portion will vest automatically upon specified change in control events, and the options expire on June 10, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stone Adam Leo
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Director Stock Option (Right to Buy) | 77,500 | $0.00 | -- |
Holdings After Transaction:
Director Stock Option (Right to Buy) — 77,500 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 77,500 options
Exercise price: $6.61 per share
Expiration date: June 10, 2036
+1 more
4 metrics
Option grant size
77,500 options
Director stock option grant on June 10, 2026
Exercise price
$6.61 per share
Exercise price for director stock options
Expiration date
June 10, 2036
Option expiration for director grant
Shares underlying options
77,500 shares
Common stock underlying the director options
Key Terms
Director Stock Option (Right to Buy), exercise price, expiration date, change in control events
4 terms
Director Stock Option (Right to Buy) financial
"security_title: Director Stock Option (Right to Buy)"
exercise price financial
"conversion_or_exercise_price: 6.6100"
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: 2036-06-10T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised.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.
change in control events financial
"will vest automatically as to 100% of the unvested portion of such option upon specified change in control events"
FAQ
What did Solid Biosciences (SLDB) report in this Form 4 filing?
Solid Biosciences reported a compensation-related stock option grant to director Adam Leo Stone. He received options for 77,500 shares of common stock at a $6.61 exercise price, vesting over time and expiring in 2036, with no open-market stock purchase or sale involved.
How many Solid Biosciences (SLDB) options were granted to the director?
Adam Leo Stone was granted stock options on 77,500 underlying shares of Solid Biosciences common stock. This entire amount represents a new award, bringing his total options reported in this filing to 77,500 shares following the transaction, all held directly as a director compensation grant.
What is the exercise price and term of the SLDB director stock options?
The director stock options have a $6.61 per share exercise price and expire on June 10, 2036. They were granted at no cost to the director and may be exercised for common shares once vested, subject to the specified vesting conditions and expiration date.
How do the Solid Biosciences (SLDB) options granted to the director vest?
The options vest in full on the earlier of the one-year anniversary of the June 10, 2026 grant date or immediately before the next annual meeting of stockholders after that date. Any unvested portion also fully vests automatically upon specified change in control events affecting the company.
How many Solid Biosciences (SLDB) derivative securities does the director hold after this grant?
Following this grant, Adam Leo Stone holds 77,500 director stock options as reported in the filing. These options relate to an equal number of underlying common shares and represent his position from this award, which will become exercisable as the vesting conditions are satisfied over time.