Sutro Biopharma (STRO) director receives 10,000-share stock option grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sutro Biopharma director Jagpal Sukhi received a new stock option grant for 10,000 shares of common stock. The option has an exercise price of $26.09 per share and expires on June 5, 2036. This is a compensation-related award rather than an open-market trade.
The option vests over time, with 8.33% of the total award vesting monthly, starting on July 5, 2026. The grant will be fully vested and exercisable on the earlier of the company’s 2027 annual stockholders meeting or June 5, 2027, assuming continued service. After this grant, Sukhi holds options to acquire 10,000 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jagpal Sukhi
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 10,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 10,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 10,000 shares
Exercise price: $26.09 per share
Post-grant option holdings: 10,000 options
+4 more
7 metrics
Option grant size
10,000 shares
Stock option award to director Jagpal Sukhi
Exercise price
$26.09 per share
Stock option strike price
Post-grant option holdings
10,000 options
Total derivative securities following transaction
Vesting rate
8.33% monthly
Monthly vesting of total option award
Vesting start date
July 5, 2026
First vesting tranche date
Full vesting date
Earlier of 2027 meeting or June 5, 2027
Award fully vested and exercisable
Option expiration
June 5, 2036
Option term end date
Key Terms
Stock Option (right to buy), exercise price, vesting date, annual stockholders meeting, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
exercise price financial
"conversion_or_exercise_price: 26.0900"
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.
vesting date financial
"shall vest ... on each vesting date, as to 8.33% of the total award monthly"
annual stockholders meeting regulatory
"the issuer's 2027 annual stockholders meeting"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Sutro Biopharma (STRO) director Jagpal Sukhi report on this Form 4?
Director Jagpal Sukhi reported receiving a stock option grant for 10,000 shares of Sutro Biopharma common stock. The award is a compensation-related option, not an open-market purchase or sale, and establishes potential future ownership at a fixed exercise price.
What are the key terms of Jagpal Sukhi’s stock option grant at Sutro Biopharma (STRO)?
The option covers 10,000 shares of common stock at an exercise price of $26.09 per share and expires on June 5, 2036. It represents a right to buy shares in the future, subject to vesting conditions and continued service with the company.
Is Jagpal Sukhi’s Form 4 for STRO an open-market stock purchase or sale?
No, the Form 4 reports a grant of stock options, not an open-market trade. The transaction code “A” reflects a grant or award, giving Sukhi the right to buy 10,000 shares at $26.09 per share if and when the options vest.