Sutro Biopharma (STRO) director granted 10,000 stock options at $26.09
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sutro Biopharma director Daniel H. Petree received a grant of stock options for 10,000 shares of Common Stock on June 5, 2026. The options have an exercise price of $26.09 per share and expire on June 5, 2036.
The award vests monthly as to 8.33% of the total, starting July 5, 2026, provided he continues to provide services. The options will be fully vested and exercisable on the earlier of the company’s 2027 annual stockholders meeting or June 5, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Petree Daniel H
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
Underlying shares: 10,000 shares
Exercise price: $26.09 per share
+4 more
7 metrics
Option grant size
10,000 options
Stock Option grant on June 5, 2026
Underlying shares
10,000 shares
Common Stock underlying granted options
Exercise price
$26.09 per share
Conversion or exercise price of options
Expiration date
June 5, 2036
Option expiration
Monthly vesting rate
8.33% of award
Vests monthly starting July 5, 2026
Full vesting date
Earlier of 2027 meeting or June 5, 2027
Fully vested and exercisable cutoff
Post-transaction options
10,000 options
Total options held after this grant
Key Terms
Stock Option, exercise price, vesting, annual stockholders meeting
4 terms
Stock Option financial
"Stock Option (right to buy)"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
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 Daniel H. Petree report on this Form 4?
Director Daniel H. Petree reported receiving a grant of stock options for 10,000 shares of Sutro Biopharma Common Stock. The options were granted on June 5, 2026, as a compensation-related award rather than an open-market stock purchase or sale.
What are the key terms of Daniel Petree’s new Sutro Biopharma stock options?
The grant covers 10,000 shares of Common Stock at an exercise price of $26.09 per share. These stock options expire on June 5, 2036, giving a long exercise window once they have vested according to the specified schedule.
How do Daniel Petree’s Sutro Biopharma options vest over time?
The options vest as to 8.33% of the total award each month, starting July 5, 2026, contingent on continued service. They will be fully vested and exercisable by the earlier of the 2027 annual stockholders meeting or June 5, 2027.
How many Sutro Biopharma options does Daniel Petree hold after this grant?
Following the reported transaction, Daniel Petree holds 10,000 stock options related to Sutro Biopharma Common Stock. These options correspond to 10,000 underlying shares once vested and exercised at the $26.09 per share exercise price.