First Tracks Biotherapeutics (TRAX) director awarded options and RSUs
Rhea-AI Filing Summary
First Tracks Biotherapeutics director Ware J. Anthony reported new equity compensation awards. On May 12, 2026, he received stock options covering 7,000 shares of common stock at an exercise price of $17.81 per share, expiring on May 11, 2036. These options vest in equal monthly installments, with 1/12 of the total vesting each month starting June 12, 2026, as long as he continues serving the company.
He was also granted 2,500 restricted stock units, each representing one share of common stock for no cash payment. These RSUs vest 100% on the date of First Tracks’ 2027 annual meeting of shareholders, subject to his continued service.
Positive
- None.
Negative
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Ware J. Anthony
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 2,500 | $0.00 | -- |
| Grant/Award | Stock Option (right to buy) | 7,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 2,500 shares (Direct);
Stock Option (right to buy) — 7,000 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration. 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. 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
+3 more
6 metrics
Stock options granted
7,000 options
Grant to director on May 12, 2026
Option exercise price
$17.81 per share
Stock option grant to director
Option expiration
May 11, 2036
End of option term
RSUs granted
2,500 RSUs
Equity award to director on May 12, 2026
RSU vesting date
2027 annual meeting
100% of RSUs vest at 2027 shareholder meeting
Option vesting start
June 12, 2026
1/12 of options vest monthly from this date
Key Terms
Restricted Stock Unit, RSU, stock option, vests, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit ("RSU") represents a contingent right to receive 1 share"
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.
RSU financial
"Each restricted stock unit ("RSU") represents a contingent right to receive 1 share"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
stock option financial
"The stock option vests as to 1/12 of the total shares monthly"
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.
vests financial
"The RSUs vests as to 100% of the total RSUs on the date"
contingent right financial
"Each restricted stock unit ("RSU") represents a contingent right to receive 1 share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did First Tracks Biotherapeutics (TRAX) report in this Form 4/A?
The filing shows director Ware J. Anthony received equity compensation. He was granted stock options for 7,000 shares at a $17.81 exercise price and 2,500 restricted stock units, all tied to continued service with First Tracks Biotherapeutics.
How many stock options did TRAX director Ware J. Anthony receive and on what terms?
Ware J. Anthony received options on 7,000 shares of First Tracks common stock. The options have a $17.81 exercise price, expire on May 11, 2036, and vest in 12 equal monthly installments starting June 12, 2026, contingent on continued service.
What restricted stock unit (RSU) award did TRAX disclose for its director?
The filing reports a grant of 2,500 restricted stock units to director Ware J. Anthony. Each RSU equals one share of common stock for no cash consideration and will vest in full at the company’s 2027 annual meeting of shareholders, subject to his continued service.
When do Ware J. Anthony’s TRAX equity awards start and finish vesting?
The stock options start vesting June 12, 2026, with 1/12 of the 7,000 options vesting monthly until fully vested. The 2,500 RSUs vest 100% on the date of First Tracks Biotherapeutics’ 2027 annual meeting of shareholders, assuming he continues to serve the company.