Stoke Therapeutics (STOK) awards options and RSUs to Chief Patient Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stoke Therapeutics reported that Chief Patient Officer Jason Hoitt received new equity awards. He was granted employee stock options covering 72,000 shares at an exercise price of $0.0000 per share and 48,000 restricted stock units, each representing one share of common stock.
The option award vests monthly over four years, beginning with 1/48 of the total on March 15, 2026. The RSU award vests in four equal annual installments, with the first quarter vesting on February 15, 2027, in each case subject to his continued service.
Positive
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Negative
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hoitt Jason
Role
Chief Patient Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 72,000 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 48,000 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 72,000 shares (Direct);
Restricted Stock Units — 48,000 shares (Direct)
Footnotes (1)
- The option shall vest as to 1/48 of the total award on March 15, 2026, with 1/48 vesting on each monthly anniversary thereafter, subject to the reporting person's continued service to the issuer through each vesting date. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock upon settlement. The RSU award shall vest as to 1/4 of the total award annually with the first tranche vesting on February 15, 2027, subject to the reporting person's continued service to the issuer through each vesting date.
FAQ
What equity awards did Jason Hoitt receive from Stoke Therapeutics (STOK)?
Jason Hoitt received stock options on 72,000 shares and 48,000 restricted stock units. The options give him the right to buy common stock, while each RSU converts into one share upon vesting and settlement, subject to continued service conditions.
How do the new stock options for Jason Hoitt at Stoke Therapeutics (STOK) vest?
The 72,000-share option grant vests in 48 equal monthly installments. Vesting begins with 1/48 of the total on March 15, 2026, with an additional 1/48 vesting on each monthly anniversary, contingent on Jason Hoitt’s continued service to the company.
What is the vesting schedule for Jason Hoitt’s RSUs at Stoke Therapeutics (STOK)?
Jason Hoitt’s 48,000 restricted stock units vest in four equal annual tranches. The first 1/4 of the award vests on February 15, 2027, with remaining annual tranches also requiring his continued service through each respective vesting date.
What does each RSU granted to Jason Hoitt by Stoke Therapeutics (STOK) represent?
Each restricted stock unit represents a contingent right to receive one share of Stoke Therapeutics common stock. Shares are delivered upon settlement after vesting, assuming all service-based conditions are met, effectively functioning as deferred stock-based compensation for the executive.
Are Jason Hoitt’s new equity awards at Stoke Therapeutics (STOK) dependent on continued employment?
Yes, both the stock options and RSUs require continued service. The options vest monthly starting March 15, 2026, and the RSUs vest annually starting February 15, 2027, with each vesting installment conditioned on Jason Hoitt remaining with Stoke Therapeutics.