Tyra Biosciences (TYRA) director option grant tied to RA Capital funds
Rhea-AI Filing Summary
Tyra Biosciences, Inc. reported a Form 4 showing a grant of stock options to non-employee director Jake Simson, held for the benefit of RA Capital-managed entities. The award covers 13,160 options for common stock at an exercise price of $32.68 per share and was received for no cash cost.
The options were granted under the company’s Non-Employee Director Compensation Program. One-twelfth of the award vests monthly after May 28, 2026, with any remaining unvested portion vesting at the next annual stockholder meeting if it occurs within a year, subject to Mr. Simson’s continued service.
Under Mr. Simson’s arrangement with RA Capital Management, any net cash or stock from exercising these options must be turned over to the adviser for the benefit of RA Capital Healthcare Fund, RA Capital Nexus Fund, and a separately managed account, and the reporting persons disclaim beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 13,160 | $0.00 | -- |
Footnotes (1)
- The option was granted pursuant to the Issuer's Non-Employee Director Compensation Program. 1/12th of the total number of shares of common stock subject to the option vest monthly following May 28, 2026, the date of grant. In the event the next occurring annual meeting of the Issuer's stockholders occurs prior to the first anniversary of the date of grant, any remaining unvested portion of the option will vest on the date of such annual meeting of the Issuer's stockholders, subject to Jake Simson's continuous service to the Issuer through each vesting date. RA Capital Management, L.P. (the "Adviser") is the investment manager for RA Capital Healthcare Fund, L.P. (the "Fund"), RA Capital Nexus Fund, L.P. (the "Nexus Fund") and a separately managed account (the "Account"). The general partner of the Adviser is RA Capital Management GP, LLC (the "Adviser GP"), of which Dr. Peter Kolchinsky and Mr. Rajeev Shah are the managing members. Each of the Adviser, the Adviser GP, the Fund, the Nexus Fund, Dr. Kolchinsky, and Mr. Shah disclaim beneficial ownership of any of the reported securities, except to the extent of its or his respective pecuniary interest therein. Under Mr. Simson's arrangement with the Adviser, Mr. Simson holds the option for the benefit of the Fund, the Nexus Fund, and the Account. Mr. Simson is obligated to turn over to the Adviser any net cash or stock received upon exercise of the option, which will offset advisory fees owed by the Fund, the Nexus Fund, and the Account to the Adviser. The Reporting Persons therefore disclaim beneficial ownership of the option and underlying common stock.