Tonix Pharmaceuticals (NASDAQ: TNXP) director receives 22,700 stock options grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tonix Pharmaceuticals Holding Corp. director Adeoye Y Olukotun reported receiving a stock option grant covering 22,700 shares of common stock. The option has an exercise price of $13.28 per share and expires on May 12, 2036. It was granted under the company’s 2026 Stock Incentive Plan and vests on the earlier of the one-year anniversary of the grant date or the 2027 Annual Meeting of Stockholders. Following this grant, Olukotun holds stock options for 22,700 underlying shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
OLUKOTUN ADEOYE Y
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
Stock option strike price
Expiration date
May 12, 2036
Stock option expiration
Post-grant option holdings
22,700 shares
Total options held following this transaction
Key Terms
Stock Option, 2026 Stock Incentive Plan, Annual Meeting of Stockholders, Grant, award, or other acquisition
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"
Annual Meeting of Stockholders financial
"vests on the earlier of the one year anniversary ... and the Issuer's 2027 Annual Meeting of Stockholders"
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What did Tonix Pharmaceuticals (TNXP) director Adeoye Y Olukotun acquire in this Form 4?
Adeoye Y Olukotun received a grant of stock options for 22,700 shares of Tonix Pharmaceuticals common stock. These options were issued as compensation under the 2026 Stock Incentive Plan and represent the right to buy shares at a fixed exercise price in the future.
What is the exercise price of the TNXP stock options granted to Adeoye Y Olukotun?
The stock options granted to Adeoye Y Olukotun have an exercise price of $13.28 per share. This means he can buy Tonix Pharmaceuticals common stock at $13.28 per share once the options vest and before they expire, regardless of future market price.
When do the TNXP stock options granted to Adeoye Y Olukotun vest?
The options vest on the earlier of the one-year anniversary of the grant date and Tonix Pharmaceuticals’ 2027 Annual Meeting of Stockholders. This schedule links vesting either to time served or the timing of the shareholder meeting, whichever occurs first.
When do Adeoye Y Olukotun’s Tonix Pharmaceuticals stock options expire?
The granted stock options expire on May 12, 2036. After that expiration date, Adeoye Y Olukotun can no longer exercise the options to purchase Tonix Pharmaceuticals common stock at the fixed $13.28 exercise price specified in the award.
Under what plan were the TNXP stock options for Adeoye Y Olukotun granted?
The options were granted pursuant to Tonix Pharmaceuticals’ 2026 Stock Incentive Plan. This plan is used by the company to provide equity-based compensation, such as stock options, to directors and other eligible participants according to its terms.