Summit Therapeutics (SMMT) grants CAO stock option for 30,000 shares
Rhea-AI Filing Summary
Summit Therapeutics Inc. reported that its Chief Accounting Officer, Anand Bhaskar, received a stock option grant. On January 8, 2026, Bhaskar was awarded an option to purchase 30,000 shares of Summit Therapeutics common stock at an exercise price of $18.83 per share.
The option becomes exercisable over time, vesting in four equal annual installments, with the first installment scheduled to vest on January 8, 2027. The option expires on January 8, 2036. Following this grant, Bhaskar beneficially owns 30,000 derivative securities directly in the form of this stock option.
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FAQ
What insider transaction did Summit Therapeutics (SMMT) report for Anand Bhaskar?
Summit Therapeutics reported that Chief Accounting Officer Anand Bhaskar received a grant of a stock option to buy 30,000 shares of the company’s common stock.
What is the exercise price of Anand Bhaskar’s Summit Therapeutics (SMMT) stock option?
The stock option granted to Anand Bhaskar has an exercise price of $18.83 per share for the underlying Summit Therapeutics common stock.
How does the 30,000-share stock option for Summit Therapeutics (SMMT) vest?
The 30,000-share option granted on January 8, 2026 vests in four equal annual installments, with the first installment vesting on January 8, 2027.
When does Anand Bhaskar’s Summit Therapeutics (SMMT) stock option expire?
The stock option granted to Anand Bhaskar is scheduled to expire on January 8, 2036, if not exercised earlier in accordance with its terms.
How many Summit Therapeutics (SMMT) derivative securities does Anand Bhaskar own after this Form 4?
After the reported transaction, Anand Bhaskar beneficially owns 30,000 derivative securities, all in the form of this directly held stock option.
What does this Form 4 filing for Summit Therapeutics (SMMT) represent?
This Form 4 reports an option grant to a company officer, disclosing the number of shares, exercise price, vesting schedule, and expiration date of the award.