Tyra Biosciences (TYRA) director awarded 13,160 stock options at $32.68 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tyra Biosciences director Rehan Verjee received a stock option grant covering 13,160 shares of common stock, with an exercise price of $32.68 per share. The option was granted under the Non-Employee Director Compensation Program and vests in 12 equal monthly installments after May 28, 2026, with any remaining unvested portion vesting at the next annual stockholder meeting if it occurs within a year and service continues. Following this award, Verjee holds options for 13,160 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Verjee Rehan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 13,160 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 13,160 shares (Direct, null)
Footnotes (1)
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Key Figures
Option grant size: 13,160 shares
Exercise price: $32.68 per share
Post-grant option holdings: 13,160 shares
+2 more
5 metrics
Option grant size
13,160 shares
Stock Option (Right to Buy) granted May 28, 2026
Exercise price
$32.68 per share
Conversion or exercise price for granted options
Post-grant option holdings
13,160 shares
Total derivative securities following transaction
Option expiration date
May 27, 2036
Expiration date of the stock option grant
Monthly vesting fraction
1/12 per month
Vesting schedule after May 28, 2026
Key Terms
Non-Employee Director Compensation Program, stock option, vesting, expiration date
4 terms
Non-Employee Director Compensation Program financial
"The option was granted pursuant to the Issuer's Non-Employee Director Compensation Program."
stock option financial
"The option was granted pursuant to the Issuer's Non-Employee Director Compensation Program."
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.
vesting financial
"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."
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.
expiration date financial
"expiration_date": "2036-05-27T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What did Tyra Biosciences (TYRA) director Rehan Verjee report on this Form 4?
Rehan Verjee reported receiving a stock option grant for 13,160 shares of Tyra Biosciences common stock. The option was awarded as part of the company’s Non-Employee Director Compensation Program, reflecting routine equity-based compensation for board service rather than an open-market stock purchase or sale.
What is the exercise price of the new Tyra Biosciences (TYRA) stock options?
The exercise price of the new stock options is $32.68 per share. This means the director can purchase Tyra Biosciences common stock at $32.68 once the options vest, regardless of the market price at that time, provided all vesting and service conditions are met.
How do the Tyra Biosciences (TYRA) director’s options vest under this grant?
One-twelfth of the 13,160-share option vests monthly after May 28, 2026, the grant date. If the next annual stockholder meeting occurs before the first anniversary of the grant, any remaining unvested options vest at that meeting, assuming continuous service through each vesting date.
When do the newly granted Tyra Biosciences (TYRA) stock options expire?
The newly granted stock options expire on May 27, 2036. After this expiration date, any unexercised portion of the option will lapse and can no longer be used to purchase Tyra Biosciences common shares, even if previously vested under the compensation program.