Whitehawk Therapeutics (WHWK) grants 283,157 stock options to Chief Medical Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Whitehawk Therapeutics, Inc. reported that its Chief Medical Officer, Margaret Dugan, received a grant of stock options covering 283,157 shares of common stock. The options have an exercise price of $3.54 per share and expire on April 1, 2036.
These options were granted as compensation and will vest over four years. Twenty five percent of the shares will vest on the one-year anniversary of the April 1, 2026 vesting commencement date, with the remaining shares vesting in equal monthly installments until fully vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dugan Margaret
Role
Chief Medical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 283,157 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 283,157 shares (Direct)
Footnotes (1)
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Key Figures
Option grant size: 283,157 options
Exercise price: $3.54 per share
Expiration date: April 1, 2036
+2 more
5 metrics
Option grant size
283,157 options
Stock Option grant to Chief Medical Officer
Exercise price
$3.54 per share
Conversion or exercise price of stock options
Expiration date
April 1, 2036
Option term end date
Initial vesting cliff
25% after 1 year
Vests on one-year anniversary of April 1, 2026
Monthly vesting rate
1/48th per month
Remaining options vest monthly after first year
Key Terms
Stock Option (right to buy), Equity Incentive Plan, Vesting Commencement Date, Service Provider
4 terms
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)""
Equity Incentive Plan financial
"defined in the Issuer's 2021 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Vesting Commencement Date financial
""Vesting Commencement Date" shall mean April 1, 2026."
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
Service Provider financial
"Subject to the Reporting Person continuing to be a Service Provider"
FAQ
What insider transaction did Whitehawk Therapeutics (WHWK) report for Margaret Dugan?
Whitehawk Therapeutics reported that Chief Medical Officer Margaret Dugan received a grant of 283,157 stock options. These options give her the right to buy common shares at a fixed exercise price of $3.54 per share if and when they vest over time.
What is the size and exercise price of the stock options granted at WHWK?
The grant consists of 283,157 stock options with an exercise price of $3.54 per share. This means Dugan can buy up to 283,157 shares at $3.54 each once the options vest, regardless of the future market price.
How do the newly granted Whitehawk Therapeutics options vest?
The options vest over four years starting from the April 1, 2026 Vesting Commencement Date. Twenty five percent vest on the one-year anniversary, then 1/48th of the total options vest monthly until all 283,157 options are fully vested.
When do Margaret Dugan’s stock options at WHWK expire?
The stock options granted to Margaret Dugan expire on April 1, 2036. She can only exercise vested options before this expiration date. After the expiration date, any unexercised options, even if vested, will no longer be exercisable.
Is the reported WHWK Form 4 transaction a market purchase or sale?
The Form 4 reports a grant of stock options, not a market buy or sell. Dugan did not purchase or sell common shares in the open market; she received options as compensation with an exercise price of $3.54 per share.