Sutro Biopharma (STRO) hands director 10,000-share, 2036 option grant
Rhea-AI Filing Summary
Sutro Biopharma director Heidi Hunter 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. Vesting occurs in 8.33% monthly installments starting July 5, 2026, and the award is fully vested by the earlier of the 2027 annual stockholders meeting or June 5, 2027.
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Insights
Routine director option grant with standard time-based vesting.
Sutro Biopharma granted director Heidi Hunter stock options for 10,000 shares of Common Stock at an exercise price of $26.09 per share. The options expire on June 5, 2036, indicating a long-dated incentive.
The footnote shows typical time-based vesting: 8.33% of the award vests monthly beginning July 5, 2026, with full vesting by the earlier of the issuer's 2027 annual stockholders meeting or June 5, 2027. This structure aligns director compensation with shareholder outcomes over time.
No open-market purchases or sales are reported, and this is characterized as a grant/award acquisition. As such, it is a routine compensation event rather than a directional trading signal for investors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 10,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. The option shall vest, subject to the reporting person's provision of service to the issuer on each vesting date, as to 8.33% of the total award monthly, with the first tranche vesting on July 5, 2026, and the award shall be fully vested and exercisable on the earlier of (i) the date of the issuer's 2027 annual stockholders meeting or (ii) June 5, 2027.
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