Tonix Pharmaceuticals (TNXP) director receives 22,700-share stock option grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tonix Pharmaceuticals Holding Corp. director Richard Newcomb Stillwell received a stock option grant covering 22,700 shares of common stock. The options have an exercise price of $13.28 per share and expire on May 12, 2036. They were granted under the company’s 2026 Stock Incentive Plan and will vest on the earlier of the one-year anniversary of the grant date or the company’s 2027 Annual Meeting of Stockholders. After this compensation award, Stillwell holds 22,700 derivative securities linked to common stock directly, with no open-market purchase or sale reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stillwell Richard Newcomb
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
Expiration date: May 12, 2036
+1 more
4 metrics
Option grant size
22,700 shares
Underlying common stock for new stock option award
Exercise price
$13.28 per share
Strike price of stock options granted on May 12, 2026
Expiration date
May 12, 2036
Final expiration for the granted stock options
Derivative holdings after grant
22,700 options
Total derivative securities following this transaction
Key Terms
Stock Option, 2026 Stock Incentive Plan, vests, 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"
vests financial
"and vests on the earlier of the one year anniversary of the grant date"
Annual Meeting of Stockholders financial
"and the Issuer's 2027 Annual Meeting of Stockholders."
FAQ
What insider transaction did Tonix Pharmaceuticals (TNXP) report for Richard Newcomb Stillwell?
Tonix Pharmaceuticals reported that director Richard Newcomb Stillwell received a grant of stock options for 22,700 shares. These options are a compensation award, not an open-market purchase or sale, and give the right to buy common stock at a fixed exercise price.
What is the exercise price of the new Tonix Pharmaceuticals (TNXP) stock options?
The stock options granted to director Richard Newcomb Stillwell have an exercise price of $13.28 per share. This is the price at which he may purchase Tonix Pharmaceuticals common stock upon exercise of the options, subject to vesting conditions being satisfied.
When do the newly granted Tonix Pharmaceuticals (TNXP) options vest?
The options vest on the earlier of the one-year anniversary of the May 12, 2026 grant date and Tonix Pharmaceuticals’ 2027 Annual Meeting of Stockholders. Vesting must occur before the options can be exercised to acquire common shares.
What is the expiration date of Richard Newcomb Stillwell’s new Tonix Pharmaceuticals (TNXP) options?
The reported stock options expire on May 12, 2036. After this expiration date, the options can no longer be exercised, even if they had vested, so any unexercised rights to purchase Tonix Pharmaceuticals common stock would lapse.
Are Richard Newcomb Stillwell’s Tonix Pharmaceuticals (TNXP) options a market purchase or a compensation grant?
The Form 4 shows these options as a compensation grant under the 2026 Stock Incentive Plan, coded as an acquisition award. No open-market buying or selling occurred; instead, the director received options as part of his service-related compensation.