Tonix (NASDAQ: TNXP) director receives grant of 22,700 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tonix Pharmaceuticals Holding Corp. director David L. Grange received a grant of stock options covering 22,700 shares of common stock. The options have an exercise price of $13.28 per share, vest on the earlier of one year from grant or the 2027 annual stockholders meeting, and expire in 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GRANGE DAVID L
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
Options granted: 22,700 options
Exercise price: $13.28 per share
Expiration date: May 12, 2036
+1 more
4 metrics
Options granted
22,700 options
Stock option award to director on May 12, 2026
Exercise price
$13.28 per share
Strike price for Tonix common stock under the option
Expiration date
May 12, 2036
Option term end date for granted stock options
Underlying shares
22,700 shares
Tonix common stock underlying the stock options
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" and underlying_security_title: "Common Stock""
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 of the grant date 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 insider transaction did Tonix (TNXP) report for David L. Grange?
Tonix reported that director David L. Grange received a grant of 22,700 stock options. These options relate to Tonix common stock and were reported as a compensation award, not an open-market purchase or sale of existing shares.
What is the exercise price of the new Tonix (TNXP) stock options?
The newly granted Tonix stock options have an exercise price of $13.28 per share. This is the price at which the director can buy Tonix common stock when the options are exercised, subject to vesting and expiration terms.
When do David L. Grange’s Tonix (TNXP) options vest?
The options vest on the earlier of the one-year anniversary of the grant date or Tonix’s 2027 Annual Meeting of Stockholders. This means vesting depends either on time elapsed or on the timing of that specific shareholder meeting.
When do the newly granted Tonix (TNXP) stock options expire?
The options granted to David L. Grange expire on May 12, 2036. After that expiration date, the options can no longer be exercised to purchase Tonix common shares at the agreed exercise price of $13.28.
Under which plan were the Tonix (TNXP) options to David L. Grange granted?
The options were granted pursuant to Tonix’s 2026 Stock Incentive Plan. This plan governs equity-based compensation awards, including stock options, granted to eligible participants such as directors and other service providers.
How many Tonix (TNXP) derivative securities does David L. Grange hold after this grant?
Following the reported transaction, David L. Grange holds 22,700 stock options. These options each relate to one share of Tonix common stock, reflecting his full derivative position shown in this Form 4 filing.