Tilly's officer receives 40,000 stock options
TILLY'S, INC. officer Michael Joseph Cingolani received a grant of stock options covering 40,000 shares of Class A Common Stock.
Rhea-AI Filing Summary
TILLY'S, INC. officer Michael Joseph Cingolani received a grant of stock options covering 40,000 shares of Class A Common Stock. The options have an exercise price of $4.20 per share and expire on April 1, 2036.
The options were awarded as compensation and are not an open-market purchase. According to the terms, they vest in four equal annual installments on each anniversary of the April 1, 2026 grant date, as long as he continues employment or service with the company through each vesting date. Following this grant, he holds 40,000 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 40,000 shares
Grant/Award
1 txn
Insider
Cingolani Michael Joseph
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 40,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 40,000 contracts (Direct)
Footnotes (1)
- F1. The options vest in four equal annual installments on each of the next four anniversaries of the April 1, 2026 grant date, subject to the Reporting Person's continued employment with or service to the Issuer through the applicable vesting date.
Key Figures
Option grant size: 40,000 options
Exercise price: $4.20 per share
Underlying shares: 40,000 shares
+3 more
6 metrics
Option grant size
40,000 options
Stock Option (Right to Buy) granted April 1, 2026
Exercise price
$4.20 per share
Exercise price for Class A Common Stock underlying options
Underlying shares
40,000 shares
Class A Common Stock underlying granted options
Expiration date
April 1, 2036
Option term end date
Post-grant derivative holdings
40,000 options
Total stock options held following this transaction
Vesting schedule
4 equal annual installments
Each anniversary of April 1, 2026, subject to continued service
Key Terms
Stock Option (Right to Buy), Class A Common Stock, exercise price, vesting, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
Class A Common Stock financial
"underlying_security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
exercise price financial
"conversion_or_exercise_price: "4.2000""
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
"The options vest in four equal annual installments"
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.
grant date financial
"anniversaries of the April 1, 2026 grant date"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did the TILLY'S (TLYS) insider transaction report for Michael Joseph Cingolani?
The filing shows Michael Joseph Cingolani received stock options for 40,000 shares of TILLY'S Class A Common Stock. These compensation-related options give him the right to buy shares at a fixed price in the future, rather than reflecting an open-market stock purchase.
What is the exercise price of the new TILLY'S (TLYS) stock options?
The granted stock options carry an exercise price of $4.20 per share. This means Cingolani can buy Class A Common Stock at $4.20 if he exercises vested options before they expire, regardless of the market price at that time.
When do Michael Joseph Cingolani’s TILLY'S (TLYS) options vest?
The options vest in four equal annual installments on each anniversary of the April 1, 2026 grant date. Vesting is conditioned on his continued employment or service with TILLY'S through each applicable vesting date, spreading the benefit over four years.
When do the newly granted TILLY'S (TLYS) stock options expire?
The stock options expire on April 1, 2036. Cingolani must exercise any vested options before this expiration date to acquire shares at the $4.20 exercise price; after that date, any unexercised options will lapse.
Is Cingolani’s TILLY'S (TLYS) Form 4 transaction a stock purchase or a grant?
The Form 4 reflects a grant or award acquisition of derivative securities, not an open-market stock purchase. Cingolani received 40,000 stock options as compensation, giving him the right to buy shares later rather than immediately buying stock in the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
