Director at Tectonic Therapeutic (TECX) awarded 10,200 options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tectonic Therapeutic, Inc. reported that director and 10% owner Timothy A. Springer received a grant of stock options covering 10,200 shares of common stock. The options have an exercise price of $28.56 per share and expire on June 8, 2036.
The award vests in full on the earliest of June 9, 2027, the company’s 2027 annual stockholder meeting, or a defined change in control, provided he continues to serve the company through that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SPRINGER TIMOTHY A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 10,200 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 10,200 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 10,200 options
Exercise price: $28.56 per share
Underlying shares: 10,200 shares
+3 more
6 metrics
Option grant size
10,200 options
Stock Option (Right to Buy) granted to Timothy A. Springer
Exercise price
$28.56 per share
Exercise price of stock options
Underlying shares
10,200 shares
Common Stock underlying the options
Expiration date
June 8, 2036
Option expiration
Total options after grant
10,200 options
Total derivative securities following transaction
Primary vesting date
June 9, 2027
Earliest scheduled vesting date, subject to service
Key Terms
Stock Option (Right to Buy), Change in Control, 2024 Equity Incentive Plan, Form 4, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
Change in Control financial
"or (iii) a "Change in Control" (as defined in the Issuer's 2024 Equity Incentive Plan)"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
2024 Equity Incentive Plan financial
"as defined in the Issuer's 2024 Equity Incentive Plan"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
10% owner financial
"is_ten_percent_owner": 1"
FAQ
What insider transaction did Tectonic Therapeutic (TECX) report for Timothy A. Springer?
Tectonic Therapeutic reported that director and 10% owner Timothy A. Springer received a grant of stock options for 10,200 shares. These options are a compensation award, not an open-market purchase or sale, and give him the right to buy common shares at a set price later.
How large is Timothy A. Springer’s new stock option award at Tectonic Therapeutic (TECX)?
The new award covers 10,200 shares of Tectonic Therapeutic common stock through stock options. This means he can choose to buy up to 10,200 shares in the future at the fixed exercise price defined in the grant, subject to the vesting conditions being satisfied.
What is the exercise price and expiration date of the new TECX stock options?
The stock options granted to Timothy A. Springer have an exercise price of $28.56 per share and expire on June 8, 2036. He can only exercise them after they vest, and any unexercised options lapse after the stated expiration date if not used.
When do Timothy A. Springer’s Tectonic Therapeutic (TECX) options vest?
The options vest in full on the earliest of June 9, 2027, the company’s 2027 annual meeting of stockholders, or a defined change in control. Vesting requires that he continue providing service to Tectonic Therapeutic through whichever of these specified trigger dates occurs first.