Tonix Pharmaceuticals (TNXP) grants director 22,700 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tonix Pharmaceuticals Holding Corp. director Hunter James Randolph Jr reported receiving a grant of stock options as part of his compensation. He was awarded options covering 22,700 shares of common stock at an exercise price of $13.28 per share, with no cash paid at grant.
The options were granted under the company’s 2026 Stock Incentive Plan and vest on the earlier of one year from the grant date or the company’s 2027 Annual Meeting of Stockholders. Following this grant, Randolph holds options for 22,700 underlying shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hunter James Randolph Jr
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 22,700 | $0.00 | -- |
Holdings After Transaction:
Stock Option — 22,700 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 22,700 shares
Exercise price: $13.28 per share
Total options after grant: 22,700 shares
+3 more
6 metrics
Option grant size
22,700 shares
Underlying common stock for new stock option grant
Exercise price
$13.28 per share
Stock option exercise price
Total options after grant
22,700 shares
Options held following this transaction
Expiration date
May 12, 2036
Option expiration
Vesting condition
Earlier of 1 year or 2027 meeting
Vests by one-year anniversary or 2027 Annual Meeting
Transaction code
A (grant/award acquisition)
Form 4 transaction code indicating option grant
Key Terms
Stock Option, 2026 Stock Incentive Plan, grant date, Annual Meeting of Stockholders
4 terms
Stock Option financial
"security_title: Stock Option"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
2026 Stock Incentive Plan financial
"The option was granted pursuant to the Issuer's 2026 Stock Incentive Plan"
grant date financial
"vests on the earlier of the one year anniversary of the 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.
Annual Meeting of Stockholders financial
"and the Issuer's 2027 Annual Meeting of Stockholders"
FAQ
What did Tonix Pharmaceuticals (TNXP) director Hunter Randolph report on this Form 4?
Director Hunter James Randolph Jr reported receiving a grant of stock options for 22,700 underlying shares of Tonix Pharmaceuticals common stock. The options were awarded as compensation and did not involve any cash purchase at the time of grant.
What is the exercise price of the Tonix (TNXP) director’s new stock options?
The stock options were granted with an exercise price of $13.28 per share. This means the director can purchase Tonix common stock at $13.28 per share upon exercise, provided the options have vested and have not expired beforehand.
When do the new Tonix Pharmaceuticals (TNXP) stock options vest?
The options vest on the earlier of one year after the grant date or the company’s 2027 Annual Meeting of Stockholders. This time-based vesting schedule is typical for director equity compensation and links vesting to continued board service.
What is the expiration date of the Tonix (TNXP) director’s stock options?
The stock options expire on May 12, 2036, giving the director a long window to exercise once vested. After that expiration date, any unexercised options will lapse and can no longer be used to purchase Tonix common shares.
Were these Tonix Pharmaceuticals (TNXP) options granted under a specific plan?
Yes. The options were granted under Tonix Pharmaceuticals’ 2026 Stock Incentive Plan. Such plans are standard frameworks companies use to award equity-based compensation to directors, executives, and employees under predefined terms approved by stockholders.