Director at vTv Therapeutics (VTVT) awarded 6,000 stock options grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
vTv Therapeutics Inc. director Srinivas Akkaraju received a grant of stock options covering 6,000 shares of Class A common stock. The options have an exercise price of $35.08 per share and expire on June 26, 2036. According to the terms, the award vests on the earlier of June 26, 2027 and the date of the 2027 annual general meeting of shareholders, provided he continues serving on the board. Following this grant, his total directly held option awards reported in this filing increased to 16,983 derivative securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
AKKARAJU SRINIVAS
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Director stock option (right to buy) | 6,000 | $35.08 | $210K |
Holdings After Transaction:
Director stock option (right to buy) — 16,983 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 6,000 options
Exercise price: $35.08 per share
Expiration date: June 26, 2036
+2 more
5 metrics
Options granted
6,000 options
Director stock option grant on June 26, 2026
Exercise price
$35.08 per share
Strike price of director stock option grant
Expiration date
June 26, 2036
Option term for director grant
Holdings after grant
16,983 derivative securities
Total options held following this transaction
Vesting date trigger
Earlier of June 26, 2027 or 2027 AGM
Vesting condition for director stock options
Key Terms
Director stock option (right to buy), Class A Common Stock, exercise price, vests, +1 more
5 terms
Director stock option (right to buy) financial
"Director stock option (right to buy)"
Class A Common Stock financial
"underlying security title: Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
exercise price financial
"conversion or exercise price of $35.08 per share"
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 option vests on the earlier of June 26, 2027, and the 2027 annual meeting"
FAQ
What did director Srinivas Akkaraju receive in this vTv Therapeutics (VTVT) Form 4 filing?
Director Srinivas Akkaraju received a grant of stock options covering 6,000 shares of vTv Therapeutics Class A common stock. These options are a compensation award, not an open-market share purchase or sale, and give him the right to buy shares at a fixed price.
What is the exercise price of the new vTv Therapeutics (VTVT) stock options?
The granted stock options have an exercise price of $35.08 per share. This means Akkaraju can buy each underlying share at $35.08 once the options vest, regardless of the market price at that time, until they expire.
When do Srinivas Akkaraju’s new vTv Therapeutics (VTVT) options vest?
The options vest on the earlier of June 26, 2027, and the date of vTv Therapeutics’ 2027 annual general meeting of shareholders. Vesting also requires that Akkaraju continue serving on the company’s board of directors through that vesting date.
When do the newly granted vTv Therapeutics (VTVT) stock options expire?
The granted stock options expire on June 26, 2036. After that expiration date, Akkaraju would no longer be able to exercise the options to purchase vTv Therapeutics Class A common stock at the fixed exercise price of $35.08 per share.
How many vTv Therapeutics (VTVT) derivative securities does Akkaraju hold after this grant?
After the stock option grant, Akkaraju is reported as directly holding 16,983 derivative securities. This total reflects his option holdings following the 6,000-share award and helps show the size of his reported option position with vTv Therapeutics.
Is this vTv Therapeutics (VTVT) Form 4 transaction an open-market trade?
No, this Form 4 shows a grant or award of director stock options rather than an open-market trade. The transaction is coded as an acquisition (code A), indicating compensation-related options, not a purchase or sale of existing vTv Therapeutics shares in the market.