Tectonic grants 17,750 options to CBO Schwabish
Tectonic Therapeutic granted its Chief Business Officer 17,750 stock options with time-based vesting through 2030.
Rhea-AI Filing Summary
Tectonic Therapeutic, Inc. (TECX) reported that Chief Business Officer Marc Schwabish received a grant of 17,750 employee stock options on September 3, 2026. The options have an exercise price of $29.92 per share, expire on September 2, 2036, and cover 17,750 shares of common stock.
According to the vesting terms, 1/8 of the options vest on September 3, 2026, with the remaining options vesting in 42 equal monthly installments beginning October 3, 2026, subject to his continued service to the company on each vesting date. No Rule 10b5-1 trading plan is reported.
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Insider Trade Summary
Grant/Award: 17,750 shares
Grant/Award
1 txn
Insider
Schwabish Marc
Role
Chief Business Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) F1 | 17,750 | $0.00 | $0.00 |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 17,750 contracts (Direct)
Footnotes (1)
- F1. 1/8th of the shares subject to the option vest on September 3, 2026 with the remaining shares subject to the option vesting in the following 42 equal monthly installments beginning on October 3, 2026, subject to the Reporting Person's continued service to the Issuer on each such vesting date.
Key Figures
Options granted: 17,750 options
Exercise price: $29.92 per share
Underlying shares: 17,750 shares of common stock
+3 more
6 metrics
Options granted
17,750 options
Employee stock options granted to Marc Schwabish on September 3, 2026
Exercise price
$29.92 per share
Exercise price of the employee stock option grant
Underlying shares
17,750 shares of common stock
Shares of common stock underlying the options
Initial vesting portion
1/8 of granted options
Vests on September 3, 2026, subject to continued service
Remaining vesting installments
42 monthly installments
Vesting begins October 3, 2026, subject to continued service
Option expiration date
September 2, 2036
Expiration of the employee stock option grant
Key Terms
Employee Stock Option (Right to Buy), exercise price, vesting, expiration date
4 terms
Employee Stock Option (Right to Buy) financial
"security title is listed as Employee Stock Option (Right to Buy)"
exercise price financial
"conversion or exercise price is reported as $29.92 per share"
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
"1/8th of the shares subject to the option vest on September 3, 2026"
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.
expiration date financial
"the options carry an expiration date of September 2, 2036"
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.
FAQ
What insider transaction did TECX report for Chief Business Officer Marc Schwabish?
Tectonic Therapeutic reported that Chief Business Officer Marc Schwabish received a grant of 17,750 employee stock options on September 3, 2026. The options relate to 17,750 shares of common stock and are held directly.
What is the exercise price of the new options granted by TECX?
The options granted to Marc Schwabish have an exercise price of $29.92 per share. They are structured as an employee stock option (right to buy) covering Tectonic Therapeutic’s common stock.
How do the TECX options granted to Marc Schwabish vest over time?
The grant vests over time: 1/8 of the shares vest on September 3, 2026, and the remaining shares vest in 42 equal monthly installments starting October 3, 2026, subject to his continued service to Tectonic Therapeutic on each vesting date.
When do Marc Schwabish’s TECX options expire?
The employee stock options granted to Marc Schwabish expire on September 2, 2036. After that date, any unexercised options will no longer be exercisable.
How many TECX options does Marc Schwabish hold after this grant?
Following this reported grant, Marc Schwabish holds 17,750 employee stock options directly. This reflects the full amount of the new grant as reported in the filing.
Were the TECX option grants made under a Rule 10b5-1 trading plan?
No. The filing indicates that the Rule 10b5-1 checkbox is not affirmed, meaning no Rule 10b5-1 trading plan is reported for this option grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.