Shattuck Labs (STTK) director Clay B. Siegall awarded 81,000 stock options at $5.95
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shattuck Labs, Inc. director Clay B. Siegall received a grant of stock options covering 81,000 shares of common stock. The options have an exercise price of $5.95 per share and expire on May 29, 2036. They vest in full on the earlier of the one-year anniversary of the grant date or immediately before the company’s next annual stockholder meeting, as long as he continues serving the company. This is a compensation-related award, not an open-market purchase or sale, and results in 81,000 derivative securities held after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SIEGALL CLAY B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 81,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 81,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 81,000 options
Exercise price: $5.95 per share
Shares underlying options: 81,000 shares
+2 more
5 metrics
Options granted
81,000 options
Stock Option (Right to Buy) grant to director
Exercise price
$5.95 per share
Conversion or exercise price for options
Shares underlying options
81,000 shares
Underlying common stock linked to option grant
Expiration date
May 29, 2036
Option expiration for director grant
Post-transaction derivative holdings
81,000 options
Total derivative securities following this grant
Key Terms
Stock Option (Right to Buy), exercise price, expiration date, vest in full, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
exercise price financial
"conversion_or_exercise_price: 5.9500"
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.
expiration date financial
"expiration_date: 2036-05-29T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
vest in full financial
"which will vest in full on the earlier of the one-year anniversary"
annual meeting of stockholders financial
"immediately prior to the Issuer's next annual meeting of stockholders"
FAQ
What did the Form 4 for Shattuck Labs (STTK) report for Clay B. Siegall?
The Form 4 reports that director Clay B. Siegall received a grant of stock options for 81,000 shares of Shattuck Labs common stock. These options are part of his compensation and give him the right to buy shares at a fixed exercise price in the future.
How many Shattuck Labs (STTK) options did Clay B. Siegall receive and at what price?
Clay B. Siegall received options on 81,000 shares of Shattuck Labs common stock with an exercise price of $5.95 per share. This means he can later purchase those shares at $5.95, regardless of the market price at the time of exercise.
When do Clay B. Siegall’s Shattuck Labs (STTK) stock options vest?
The options vest in full on the earlier of the one-year anniversary of the grant date or immediately before Shattuck Labs’ next annual stockholder meeting. Vesting is conditional on his continued service to the company during this period.
Do the reported Shattuck Labs (STTK) option grants involve open-market buying or selling?
No, the reported transaction is a grant of stock options as compensation, not an open-market purchase or sale. Siegall did not buy or sell shares in the market; he received the right to buy 81,000 shares at a set price in the future.
What is the expiration date of Clay B. Siegall’s Shattuck Labs (STTK) stock options?
The stock options granted to Clay B. Siegall expire on May 29, 2036. If he does not exercise them by that date, his right to buy the 81,000 shares at the $5.95 exercise price will lapse and become worthless.
How many derivative securities does Clay B. Siegall hold after this Shattuck Labs (STTK) grant?
After the grant, Clay B. Siegall holds 81,000 derivative securities in the form of stock options. Each option corresponds to one share of Shattuck Labs common stock, giving him the right to purchase that share at the specified exercise price.