Tenaya Therapeutics (TNYA) director June Lee granted 120,000 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tenaya Therapeutics, Inc. director June Lee received a grant of stock options covering 120,000 shares of common stock. The options have an exercise price of $0.7989 per share and were granted as compensation, not through an open-market purchase.
The options will vest in full on May 28, 2027, or earlier on the day immediately before the next annual stockholder meeting after the grant date, as long as Lee continues as a service provider to the company. The options expire on May 27, 2036, and following this grant Lee holds 120,000 options in total.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lee June
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to buy) | 120,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to buy) — 120,000 shares (Direct, null)
Footnotes (1)
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Key Figures
Options granted: 120,000 options
Exercise price: $0.7989 per share
Underlying shares: 120,000 shares
+3 more
6 metrics
Options granted
120,000 options
Stock Option (Right to buy) grant to director June Lee
Exercise price
$0.7989 per share
Exercise price for the 120,000 stock options
Underlying shares
120,000 shares
Common stock underlying the granted options
Vesting date
May 28, 2027
Scheduled full vesting date, subject to continued service
Expiration date
May 27, 2036
Option expiration date
Holdings after grant
120,000 options
Total options held by June Lee following this grant
Key Terms
Stock Option (Right to buy), Amended and Restated Tenaya Therapeutics, Inc. 2021 Equity Incentive Plan, vesting, service provider
4 terms
Stock Option (Right to buy) financial
"security_title: Stock Option (Right to buy)"
Amended and Restated Tenaya Therapeutics, Inc. 2021 Equity Incentive Plan financial
"Option granted pursuant to the Amended and Restated Tenaya Therapeutics, Inc. 2021 Equity Incentive Plan."
vesting financial
"Option will vest in full May 28, 2027, or, if earlier, the day immediately before the date of the next annual meeting of stockholders"
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.
service provider financial
"subject to the Reporting Person continuing to be a service provider to the Issuer through each applicable vesting date"
FAQ
What did June Lee report in this Form 4 for Tenaya Therapeutics (TNYA)?
June Lee reported receiving a grant of stock options for 120,000 shares of Tenaya Therapeutics common stock. The options were awarded as compensation under the company’s 2021 Equity Incentive Plan at an exercise price of $0.7989 per share.
What is the exercise price of June Lee’s new Tenaya Therapeutics (TNYA) options?
The stock options granted to June Lee have an exercise price of $0.7989 per share. This means Lee can buy Tenaya Therapeutics common stock at $0.7989 once the options vest and before they expire, subject to continued service conditions.
When do June Lee’s Tenaya Therapeutics (TNYA) stock options vest?
The options are scheduled to vest in full on May 28, 2027. They may vest earlier on the day immediately before the next annual meeting of stockholders after the grant date, if Lee continues as a service provider through that time.
When do June Lee’s Tenaya Therapeutics (TNYA) stock options expire?
The options granted to June Lee expire on May 27, 2036. Lee must exercise any vested options before that expiration date to acquire Tenaya Therapeutics common stock at the $0.7989 exercise price.
How many Tenaya Therapeutics (TNYA) options does June Lee hold after this grant?
Following this transaction, June Lee holds 120,000 stock options. All of these options relate to Tenaya Therapeutics common stock and were acquired in this single grant reported in the Form 4 filing.