TRAX director granted options and RSUs
First Tracks Biotherapeutics director Dennis M. Fenton received new equity awards.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4/A
Rhea-AI Filing Summary
First Tracks Biotherapeutics director Dennis M. Fenton received new equity awards. On May 12, 2026, he was granted stock options for 7,000 shares of common stock at an exercise price of $17.81 per share, vesting monthly over one year starting June 12, 2026.
He was also granted 2,500 restricted stock units, each representing one share of common stock for no cash payment. These RSUs vest in full at the company’s 2027 annual meeting of shareholders, if he continues providing service through that date.
Insider Trade Summary
Grant/Award: 9,500 shares
Grant/Award
2 txns
Insider
FENTON DENNIS M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 2,500 | $0.00 | $0.00 |
| Grant/Award | Stock Option (right to buy) | 7,000 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 2,500 contracts (Direct);
Stock Option (right to buy) — 7,000 contracts (Direct)
Footnotes (3)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- F2. The RSUs vests as to 100% of the total RSUs on the date of the Issuer's 2027 annual meeting of shareholders, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
- F3. The stock option vests as to 1/12 of the total shares monthly commencing on June 12, 2026 until fully vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
Key Figures
Stock options granted: 7,000 options
Option exercise price: $17.81 per share
Option expiration: May 11, 2036
+5 more
8 metrics
Stock options granted
7,000 options
Grant on May 12, 2026 to director Dennis M. Fenton
Option exercise price
$17.81 per share
Exercise price for 7,000 stock options
Option expiration
May 11, 2036
Expiration date of granted stock options
RSUs granted
2,500 RSUs
Restricted stock units granted May 12, 2026
Option vesting start
June 12, 2026
Monthly vesting begins, 1/12 each month
RSU vesting event
2027 annual meeting
RSUs vest 100% on 2027 shareholder meeting date
Shares underlying options
7,000 shares
Common stock underlying the stock options
Shares underlying RSUs
2,500 shares
Common stock underlying the restricted stock units
Key Terms
Stock Option (right to buy), Restricted Stock Unit, exercise price, annual meeting of shareholders, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
Restricted Stock Unit financial
"security_title: Restricted Stock Unit"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
exercise price financial
"conversion_or_exercise_price: 17.8100"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vests financial
"The stock option vests as to 1/12 of the total shares monthly"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Dennis M. Fenton acquire in this First Tracks Biotherapeutics (TRAX) Form 4/A?
Dennis M. Fenton received two equity awards: stock options for 7,000 shares of common stock at a $17.81 exercise price, and 2,500 restricted stock units, each convertible into one share of common stock for no cash consideration upon settlement.
How do the new TRAX stock options granted to Dennis M. Fenton vest?
The stock options for 7,000 shares vest in 1/12 increments monthly, beginning on June 12, 2026. Vesting continues each month until fully vested, provided Fenton continues to provide service to First Tracks Biotherapeutics on each vesting date.
When do Dennis M. Fenton’s restricted stock units in First Tracks Biotherapeutics (TRAX) vest?
Fenton’s 2,500 restricted stock units vest as to 100% of the total units on the date of First Tracks Biotherapeutics’ 2027 annual meeting of shareholders, so long as he continues to provide service to the company through that vesting date.
What is the exercise price and expiration for Dennis M. Fenton’s TRAX stock options?
The granted stock options carry an exercise price of $17.81 per share and are scheduled to expire on May 11, 2036. These options give Fenton the right to buy First Tracks Biotherapeutics common stock at that fixed price until expiration.
Does Dennis M. Fenton pay cash to receive the TRAX restricted stock units?
No cash payment is required to receive the RSUs. Each restricted stock unit represents a contingent right to receive one share of First Tracks Biotherapeutics common stock upon settlement for no consideration, assuming the vesting conditions are satisfied.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates