Tonix (TNXP) COO awarded two stock option grants under 2020 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tonix Pharmaceuticals Holding Corp. reported that Chief Operating Officer Jessica Edgar Morris received two grants of stock options. One grant covers 39,012 stock options and the other covers 39,011 stock options, both awarded at an exercise price of $0.00 per share.
According to the vesting terms, one-third of each option grant vests on the first anniversary of issuance, with the remaining portion vesting in equal monthly installments over the following 36 months. The options were granted under the company’s Amended and Restated 2020 Stock Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MORRIS JESSICA EDGAR
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 39,012 | $0.00 | -- |
| Grant/Award | Stock Option | 39,011 | $0.00 | -- |
Holdings After Transaction:
Stock Option — 39,012 shares (Direct)
Footnotes (1)
- One-third of the option vests on the first anniversary of issuance and 1/48th each month thereafter for 36 months. The option was granted pursuant to the Issuer's Amended and Restated 2020 Stock Incentive Plan, as amended.
FAQ
What insider transaction did TNXP report for Jessica Edgar Morris?
Tonix Pharmaceuticals reported that Chief Operating Officer Jessica Edgar Morris received two stock option grants. One grant covers 39,012 options and the other 39,011 options, both at an exercise price of $0.00 per share as part of her equity compensation.
Are the TNXP stock options granted to Jessica Edgar Morris immediately vested?
The stock options are not immediately vested. One-third of each grant vests on the first anniversary of issuance, while the remaining two-thirds vest in equal monthly installments over the following 36 months, creating a multi-year retention and incentive structure.
Under which plan were Jessica Edgar Morris’s TNXP stock options granted?
The option grants were made under Tonix Pharmaceuticals’ Amended and Restated 2020 Stock Incentive Plan, as amended. This plan governs the terms of equity-based awards, aligning executive compensation with the company’s long-term performance and shareholder interests through structured vesting.
What is the exercise price of the TNXP stock options granted to the COO?
Both stock option grants to the Chief Operating Officer have an exercise price of $0.00 per share. This indicates they are compensatory awards rather than open-market purchases, designed to provide potential upside if the company’s share value increases over time.
How many TNXP stock option grants did the COO receive in this filing?
The filing shows two separate stock option grants to the Chief Operating Officer. One grant is for 39,012 options and the other for 39,011 options, each subject to identical time-based vesting conditions spanning up to four years from issuance.