Solid Biosciences (NASDAQ: SLDB) grants 77,500 director stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Solid Biosciences Inc. reported that director Nagendran Sukumar 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 expire on June 10, 2036.
The grant vests in full on the earlier of the one-year anniversary of June 10, 2026 or immediately before the company’s next annual stockholder meeting after that date. Any remaining unvested portion will also vest automatically upon specified change in control events, aligning the director’s compensation with company performance and potential strategic transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nagendran Sukumar
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
+2 more
5 metrics
Option grant size
77,500 options
Director stock option grant to Nagendran Sukumar
Exercise price
$6.61 per share
Exercise price of director stock option grant
Expiration date
June 10, 2036
Option term for director stock option grant
Shares underlying options
77,500 shares
Common stock underlying granted options
Vesting trigger
Earlier of one year or next annual meeting
Vesting schedule for director option grant
Key Terms
Director Stock Option, grant/award acquisition, exercise price, change in control events
4 terms
Director Stock Option financial
"security_title: "Director Stock Option (Right to Buy)""
grant/award acquisition financial
"transaction_action: "grant/award acquisition""
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% ... upon specified change in control events"
FAQ
What did Solid Biosciences (SLDB) disclose in this Form 4 filing?
Solid Biosciences disclosed that director Nagendran Sukumar received a grant of stock options for 77,500 shares. These options are part of his director compensation and give him the right to buy common stock at a fixed exercise price in the future.
How many stock options did Nagendran Sukumar receive from Solid Biosciences (SLDB)?
Nagendran Sukumar received stock options on 77,500 shares of Solid Biosciences common stock. This entire amount reflects a single grant made as director compensation, increasing his potential future equity stake if he chooses to exercise the options.
What is the exercise price of the new Solid Biosciences (SLDB) director options?
The newly granted director stock options have an exercise price of $6.61 per share. This means Sukumar can buy up to 77,500 shares at $6.61 each once the options vest, regardless of the market price at that time.
When do Nagendran Sukumar’s Solid Biosciences (SLDB) options vest?
The options vest in full on the earlier of the one-year anniversary of June 10, 2026 or immediately prior to Solid Biosciences’ next annual stockholder meeting after that date. This structure links vesting to both time and the company’s annual governance cycle.
Do the Solid Biosciences (SLDB) director options have change in control protection?
Yes. Any unvested portion of the option will vest automatically upon specified change in control events. This provision ensures the director’s compensation opportunity is preserved if Solid Biosciences undergoes a qualifying merger, acquisition, or similar control transaction before normal vesting.
When do the newly granted Solid Biosciences (SLDB) options expire?
The director stock options expire on June 10, 2036. After that date, any unexercised options will lapse and can no longer be used to purchase Solid Biosciences common stock, giving the director a long-term window to decide if and when to exercise.