Whitehawk (WHWK) grants 38,040 stock options to director Aghazadeh
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Whitehawk Therapeutics, Inc. reported that director and 10% owner Behzad Aghazadeh was granted stock options covering 38,040 shares of common stock. The options have an exercise price of $4.16 per share and expire on June 12, 2036.
According to the terms, all 38,040 underlying shares vest in a single tranche if the reporting person continues to be a service provider through the earlier of the one-year anniversary of the grant date or the day immediately before the next annual shareholder meeting, with a grant date of June 12, 2026. The filing is made jointly by Avoro Capital Advisors LLC, Avoro Ventures LLC, and Dr. Aghazadeh, who each disclaim beneficial ownership beyond their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Aghazadeh Behzad, Avoro Capital Advisors LLC, Avoro Ventures LLC
Role
null | null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 38,040 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 38,040 shares (Direct, null)
Footnotes (1)
- Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through such applicable date, one hundred percent (100%) of the shares subject to the option shall vest on the earlier of (i) the one (1) year anniversary of the Date of Grant or (ii) the day immediately prior to the next annual meeting of stockholders following the Date of Grant. "Date of Grant" shall mean June 12, 2026. This Form 4 is filed by Avoro Capital Advisors LLC, a Delaware limited liability company ("Avoro Capital Advisors"), Avoro Ventures LLC, a Delaware limited liability company ("Avoro Ventures") and Behzad Aghazadeh ("Dr. Aghazadeh", and together with Avoro Capital Advisors and Avoro Ventures, the "Reporting Persons"). Dr. Aghazadeh serves as the portfolio manager and controlling person of Avoro Capital Advisors and Avoro Ventures LLC. The filing of this statement shall not be deemed an admission that any Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. Each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.
Key Figures
Option grant size: 38,040 shares
Exercise price: $4.16 per share
Expiration date: June 12, 2036
+2 more
5 metrics
Option grant size
38,040 shares
Stock option grant on June 12, 2026
Exercise price
$4.16 per share
Strike price of granted stock options
Expiration date
June 12, 2036
Option expiration for 38,040-share grant
Shares underlying options after grant
38,040 shares
Total derivative securities following transaction
Vesting schedule
100% cliff vesting
Earlier of one year from grant or before next annual meeting
Key Terms
Stock Option (right to buy), 2021 Equity Incentive Plan, Service Provider, beneficial owner, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
2021 Equity Incentive Plan financial
"as defined in the Issuer's 2021 Equity Incentive Plan"
Service Provider financial
"Subject to the Reporting Person continuing to be a Service Provider"
beneficial owner regulatory
"shall not be deemed an admission that any Reporting Person is the beneficial owner"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interest financial
"disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest"
FAQ
What did the Whitehawk Therapeutics (WHWK) Form 4 disclose?
The Form 4 disclosed a grant of stock options for 38,040 shares of Whitehawk Therapeutics common stock to reporting persons associated with Behzad Aghazadeh, at an exercise price of $4.16 per share, expiring June 12, 2036, as equity-based compensation.
How many Whitehawk Therapeutics (WHWK) options were granted and at what price?
The filing shows a grant of stock options for 38,040 underlying shares of Whitehawk Therapeutics common stock. The options have an exercise price of $4.16 per share, meaning that is the price required to purchase each share upon exercise, subject to vesting.
When do the new Whitehawk Therapeutics (WHWK) options vest?
All 38,040 option shares vest on the earlier of the one-year anniversary of the June 12, 2026 grant date or the day immediately prior to the next annual stockholders’ meeting, provided the reporting person continues as a service provider during this entire vesting period.
Who are the reporting persons in the Whitehawk Therapeutics (WHWK) Form 4?
The reporting persons are Avoro Capital Advisors LLC, Avoro Ventures LLC, and Behzad Aghazadeh. The filing notes that Dr. Aghazadeh is portfolio manager and controlling person of the Avoro entities and that each reporting person disclaims beneficial ownership beyond its or his pecuniary interest.
Does the Whitehawk Therapeutics (WHWK) Form 4 represent a purchase or a grant?
The Form 4 reflects a grant or award acquisition of stock options, coded as transaction type “A” for 38,040 option shares, not an open-market stock purchase or sale. It is compensation-based, with no cash price paid at grant and vesting subject to continued service.