[Form 3] Stoke Therapeutics, Inc. Initial Statement of Beneficial Ownership
Rhea-AI Filing Summary
Stoke Therapeutics (STOK) – Form 3 initial beneficial ownership disclosure
Chief Patient Officer Jason Hoitt has filed his first Section 16 statement. He directly owns 1,802 common shares of Stoke Therapeutics. In addition, he holds 480,000 employee stock options across four grants: 265,000 options at $12.21 expiring 04/14/2034; 65,000 at $14.25 expiring 08/14/2034; 60,000 at $8.33 expiring 03/19/2035; and 90,000 at $11.70 expiring 06/15/2035. Vesting schedules follow the standard 25% cliff after one year, with the remainder vesting monthly, subject to continued employment. Hoitt was also granted 40,000 restricted stock units (RSUs) that vest 25% annually starting 03/15/2026.
The filing is informational only—no shares were bought or sold. While the equity package is meaningful for the executive, it represents a small fraction of the company’s total shares outstanding and is unlikely to move the market. Nonetheless, the disclosure demonstrates alignment of management incentives with shareholder interests.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine Form 3; establishes Hoitt’s holdings, indicates incentive alignment, but no immediate market impact.
This Form 3 simply records Jason Hoitt’s initial ownership now that he is a Section 16 officer. The mix of common shares, options, and RSUs is typical for biotech executives and ensures long-term alignment with shareholders. No transactions occurred, so there is no bullish or bearish signal. Materiality is low because the stake is modest relative to Stoke’s float, and vesting is time-based, not performance-based. Investors should view the filing as standard corporate-governance housekeeping rather than a catalyst.
TL;DR: Disclosure neutral; 480k options at strikes near recent trading range, but small versus shares outstanding.
The options’ strike prices ($8.33–$14.25) bracket STOK’s recent price action, offering Hoitt upside if programs succeed. However, 480k potential shares remain below 2% of the basic share count, limiting dilution risk. The RSU vesting from 2026 onward adds retention value. From a valuation standpoint, today’s filing neither alters cash flows nor capital structure. Impact to near-term trading is therefore negligible.