vTv Therapeutics (VTVT) CFO granted 44,969 stock options at $36.92
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
vTv Therapeutics Inc. executive vice president and CFO Michael Stephen Tung received a grant of employee stock options reported as a Form 4 transaction. The award covers 44,969 options with an exercise price of $36.92 per share, increasing his directly held option position to 89,969 options following the grant. According to the footnote, the options vest 25% on the first anniversary of the grant date and then in equal quarterly installments afterward, spreading the ability to exercise over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tung Michael Stephen
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee stock option (right to buy) | 44,969 | $36.92 | $1.66M |
Holdings After Transaction:
Employee stock option (right to buy) — 89,969 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did vTv Therapeutics (VTVT) report for Michael Stephen Tung?
vTv Therapeutics reported that EVP and CFO Michael Stephen Tung received an option grant for 44,969 shares. The grant is an employee stock option award, not an open-market purchase, and is structured as equity compensation for his executive role.
How many options were granted to the vTv Therapeutics (VTVT) CFO and at what price?
The CFO was granted 44,969 employee stock options with an exercise price of $36.92 per share. This price is the amount he must pay per share to exercise the options once they become vested and exercisable under the grant terms.
What is Michael Stephen Tung’s total vTv Therapeutics (VTVT) option holdings after this grant?
After the reported grant, Michael Stephen Tung holds a total of 89,969 employee stock options directly. This figure reflects all options reported as beneficially owned following the transaction, combining the newly granted award with his prior option holdings.
How do the newly granted vTv Therapeutics (VTVT) options vest for the CFO?
The granted options vest 25% on the first anniversary of the grant date, then in equal quarterly installments thereafter. This schedule gradually makes portions of the award exercisable over time, encouraging continued service and alignment with company performance.
Is the vTv Therapeutics (VTVT) CFO’s reported option grant a buy or sell transaction?
The transaction is an acquisition of derivative securities through a grant, not a market buy or sell. It is coded as a grant, award, or other acquisition, reflecting standard equity compensation rather than trading vTv Therapeutics shares on the open market.
Does the vTv Therapeutics (VTVT) Form 4 indicate direct or indirect ownership of the options?
The Form 4 shows the options as held with direct ownership by Michael Stephen Tung. The ownership code is listed as direct, and there is no indication of holding through a trust, LLC, or other indirect ownership entity in the reported transaction.