Sutro Biopharma (STRO) director receives 10,000 stock options at $26.09
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SUTRO BIOPHARMA, INC. director Jon Marc Wigginton received a grant of stock options covering 10,000 shares of common stock on June 5, 2026. The options have an exercise price of $26.09 per share and represent equity-based compensation rather than an open-market trade.
According to the vesting terms, 8.33% of the award vests monthly starting on July 5, 2026, subject to his continued service. The options will be fully vested and exercisable on the earlier of the company’s 2027 annual stockholders meeting or June 5, 2027. Following this grant, he holds 10,000 options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wigginton Jon Marc
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 options
Exercise price: $26.09 per share
Underlying shares: 10,000 shares
+3 more
6 metrics
Option grant size
10,000 options
Stock Option (right to buy) granted June 5, 2026
Exercise price
$26.09 per share
Exercise price for 10,000 option shares
Underlying shares
10,000 shares
Common Stock underlying granted options
Post-grant holdings
10,000 options
Total options held following transaction
Expiration date
June 5, 2036
Option expiration for this grant
Monthly vesting rate
8.33% of award
Vests monthly beginning July 5, 2026
Key Terms
Stock Option (right to buy), exercise price, vesting, annual stockholders meeting
4 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 financial
"The option shall vest, subject to the reporting person's provision of service"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual stockholders meeting financial
"the issuer's 2027 annual stockholders meeting"
FAQ
What did Sutro Biopharma (STRO) director Jon Marc Wigginton report on this Form 4?
Jon Marc Wigginton reported receiving a grant of stock options for 10,000 shares of Sutro Biopharma common stock. The options are part of his equity compensation and do not reflect an open-market purchase or sale of existing STRO shares.
How many Sutro Biopharma (STRO) options were granted to Jon Marc Wigginton and at what price?
He was granted stock options covering 10,000 shares of Sutro Biopharma common stock at an exercise price of $26.09 per share. This means he can buy shares at $26.09 once the options vest and become exercisable under the grant terms.
What are the vesting terms of Jon Marc Wigginton’s Sutro Biopharma (STRO) option grant?
The option vests as to 8.33% of the total 10,000-share award each month, starting July 5, 2026. Vesting is conditioned on his continued service, with full vesting by the earlier of the 2027 annual stockholders meeting or June 5, 2027.
Is Jon Marc Wigginton buying or selling Sutro Biopharma (STRO) stock in this filing?
This filing reflects a grant of stock options, not a market purchase or sale of Sutro Biopharma shares. The transaction is categorized as a grant or award acquisition and is typical equity compensation for a company director.
How many Sutro Biopharma (STRO) options does Jon Marc Wigginton hold after this grant?
After this transaction, Jon Marc Wigginton holds 10,000 stock options directly according to the filing. These options give him the right to acquire 10,000 shares of common stock at an exercise price of $26.09 per share once vested.