Theriva Biologics (TOVX) director gets 75,000 stock options grant
Rhea-AI Filing Summary
Theriva Biologics, Inc. reported a new equity award to one of its directors. On 01/05/2026, the director received 75,000 stock options to purchase common stock at an exercise price of $0.241 per share. These options are classified as derivative securities and are held directly by the reporting person.
The options begin to vest on 02/01/2026 and expire on 01/04/2033. They vest on a pro rata monthly basis over 12 months, meaning the award is spread evenly across a one-year period. Following this grant, the reporting person beneficially owns 75,000 derivative securities linked to Theriva Biologics common stock.
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FAQ
What insider transaction was reported for Theriva Biologics (TOVX)?
A director of Theriva Biologics, Inc. reported receiving 75,000 stock options to buy common stock at an exercise price of $0.241 per share.
When were the Theriva Biologics (TOVX) stock options granted and when do they expire?
The stock options were granted on 01/05/2026 and are scheduled to expire on 01/04/2033, giving the director several years to exercise them.
How do the 75,000 Theriva Biologics (TOVX) stock options vest?
The 75,000 stock options vest pro rata on a monthly basis over 12 months, starting from their initial exercisability date.
When do the Theriva Biologics (TOVX) director options become exercisable?
The options become exercisable starting on 02/01/2026, after which the director can begin exercising vested portions at the $0.241 exercise price.
How many Theriva Biologics (TOVX) derivative securities does the director own after this transaction?
After this stock option grant, the reporting director beneficially owns 75,000 derivative securities related to Theriva Biologics common stock, held directly.
What role does the reporting person have at Theriva Biologics (TOVX)?
The reporting person is identified as a director of Theriva Biologics, Inc. and filed the form as a single reporting person.