Director at Solid Biosciences (NASDAQ: SLDB) granted 77,500 options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Solid Biosciences director Ian F. Smith received a grant of stock options covering 77,500 shares of common stock. The Director Stock Option has an exercise price of $6.61 per share and, after this grant, Smith holds options on 77,500 shares directly.
The option was granted on June 10, 2026 and vests in full on the earlier of the one-year anniversary of the grant date or immediately prior to the company’s next annual meeting of stockholders after the grant date. Any remaining unvested portion will also vest automatically upon specified change in control events. The option expires on June 10, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SMITH IAN F
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
Options granted: 77,500 shares
Exercise price: $6.61 per share
Expiration date: June 10, 2036
+3 more
6 metrics
Options granted
77,500 shares
Director Stock Option grant on June 10, 2026
Exercise price
$6.61 per share
Director Stock Option strike price
Expiration date
June 10, 2036
Option term end date
Total options after grant
77,500 shares
Total shares underlying this option following transaction
Vesting trigger
Earlier of 1 year or next annual meeting
Full vesting schedule from grant date June 10, 2026
Change in control vesting
100% of unvested portion
Automatic vesting upon specified change in control events
Key Terms
Director Stock Option, exercise price, change in control events, annual meeting of stockholders
4 terms
Director Stock Option 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.
change in control events financial
"will vest automatically as to 100% of the unvested portion of such option upon specified change in control events"
annual meeting of stockholders financial
"immediately prior to the Issuer's next annual meeting of stockholders occurring after the grant date"
FAQ
What did Ian F. Smith report in this Solid Biosciences (SLDB) Form 4?
Ian F. Smith reported receiving a grant of stock options for 77,500 shares of Solid Biosciences common stock. These director options are a form of equity compensation and give him the right to buy shares at a fixed exercise price in the future.
What is the exercise price of Ian F. Smith’s new Solid Biosciences options?
The Director Stock Option has an exercise price of $6.61 per share. This means Smith can purchase Solid Biosciences common stock at $6.61 for each share covered by the option, subject to vesting and before the option’s expiration date.
When do the new Solid Biosciences (SLDB) director options vest?
The options vest in full on the earlier of one year after June 10, 2026, or immediately before the next annual stockholders’ meeting. Any remaining unvested portion also vests automatically upon specified change in control events affecting the company.
When do Ian F. Smith’s newly granted Solid Biosciences options expire?
The granted Director Stock Option expires on June 10, 2036. Smith may exercise the vested portion any time before that expiration date, subject to the option’s terms and applicable company or regulatory requirements governing such exercises.
Is this Solid Biosciences (SLDB) Form 4 an open-market stock purchase or sale?
No, this Form 4 reflects a grant of stock options as compensation, coded as a grant, award, or other acquisition. It is not an open-market purchase or sale of existing shares, but the creation of a right to buy shares in the future.