Tonix (NASDAQ: TNXP) grants director 22,700 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tonix Pharmaceuticals Holding Corp. reported that director Carolyn E. Taylor received a grant of stock options covering 22,700 shares of common stock. The options have an exercise price of $13.28 per share and expire on May 12, 2036.
The award was granted under Tonix’s 2026 Stock Incentive Plan and vests on the earlier of the one-year anniversary of the May 12, 2026 grant date and the company’s 2027 Annual Meeting of Stockholders. Following this grant, Taylor holds stock options for 22,700 shares as reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Taylor Carolyn E.
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
Options held after grant: 22,700 options
+2 more
5 metrics
Option grant size
22,700 shares
Stock options granted on May 12, 2026
Exercise price
<money>$13.28</money> per share
Stock option strike price
Options held after grant
22,700 options
Total derivative holdings following transaction
Expiration date
<date>May 12, 2036</date>
Option term under 2026 Stock Incentive Plan
Vesting trigger
Earlier of 1-year anniversary or 2027 meeting
Vesting condition from plan footnote
Key Terms
Stock Option, 2026 Stock Incentive Plan, exercise price, vesting, +1 more
5 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"
exercise price financial
"conversion_or_exercise_price: "13.2800""
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
"vests on the earlier of the one year anniversary of the grant date"
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
"expiration_date: "2036-05-12T00:00:00.000Z""
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 did Tonix (TNXP) director Carolyn E. Taylor receive in this Form 4 filing?
Carolyn E. Taylor received a grant of stock options for 22,700 shares of Tonix common stock. The award is a compensation-related option grant under the 2026 Stock Incentive Plan, not an open-market purchase or sale, and increases her derivative holdings accordingly.
What is the exercise price of Carolyn E. Taylor’s Tonix (TNXP) stock options?
The stock options granted to Carolyn E. Taylor have an exercise price of $13.28 per share. This is the price she must pay to purchase each share upon exercise, as long as the options are vested and exercised before their expiration date in 2036.
When do Carolyn E. Taylor’s Tonix (TNXP) stock options vest?
The options vest on the earlier of the one-year anniversary of the May 12, 2026 grant date and Tonix’s 2027 Annual Meeting of Stockholders. This means vesting is tied to both time in service and the timing of the 2027 stockholder meeting.
When do the Tonix (TNXP) stock options granted to Carolyn E. Taylor expire?
The options granted to Carolyn E. Taylor expire on May 12, 2036. She may exercise vested options any time before that expiration date, subject to the terms of Tonix’s 2026 Stock Incentive Plan and any applicable service or board requirements.
How many Tonix (TNXP) stock options does Carolyn E. Taylor hold after this grant?
After this grant, Carolyn E. Taylor is reported as holding stock options covering 22,700 shares of Tonix common stock. The entire amount comes from this single award, as reflected by the total derivative holdings figure in the Form 4 filing.