Protara Therapeutics (TARA) director awarded 31,000 stock options at $3.94 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Protara Therapeutics director Michael Edward Solomon received a stock option grant for 31,000 shares of Common Stock. The option has an exercise price of $3.94 per share and was granted as a Stock Option (Right to Buy). It vests in full on the first anniversary of the grant date, subject to his continued service on the Board, and will also vest in full upon a Change of Control. Following this award, he holds 31,000 option shares related to this grant, which expires on June 14, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Solomon Michael Edward
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 31,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 31,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 31,000 shares
Exercise price: $3.94 per share
Underlying shares: 31,000 shares
+3 more
6 metrics
Option grant size
31,000 shares
Stock Option (Right to Buy) granted to director
Exercise price
$3.94 per share
Stock option exercise price for Common Stock
Underlying shares
31,000 shares
Common Stock underlying the option grant
Total options after grant
31,000 shares
Total option shares held following transaction
Vesting schedule
1-year cliff vesting
Vests in full on first anniversary of grant date
Expiration date
June 14, 2036
Option term end date for this grant
Key Terms
Stock Option (Right to Buy), Change of Control, Annual Grant
3 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
Change of Control financial
"will vest in full upon a Change of Control"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
Annual Grant financial
"The shares subject to the Annual Grant will vest in full"
FAQ
What did Protara Therapeutics (TARA) director Michael Edward Solomon receive in this Form 4?
He received a stock option grant for 31,000 shares of Common Stock. This award is a compensation-related grant, providing the right to buy shares at a fixed exercise price over time.
What is the exercise price of the stock options granted to the TARA director?
The stock options carry an exercise price of $3.94 per share. This means he can purchase Protara Therapeutics Common Stock at $3.94 once the options are vested and exercisable.
When do Michael Edward Solomon’s Protara Therapeutics options vest?
The options vest in full on the first anniversary of the grant date. Vesting is contingent on his continuous service as a member of Protara Therapeutics’ Board through that date.
How does a Change of Control affect the TARA director’s option grant?
The options will vest in full upon a Change of Control. This provision accelerates vesting so the director’s entire 31,000-share option becomes fully vested if such a corporate event occurs.
When do the stock options granted to the Protara Therapeutics director expire?
The stock options expire on June 14, 2036. After this expiration date, the director can no longer exercise the options to purchase Protara Therapeutics Common Stock at the stated exercise price.