Whitehawk Therapeutics (WHWK) grants CSO 282,340 stock options at $3.54
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Whitehawk Therapeutics, Inc. granted Chief Scientific Officer David Dornan a stock option to acquire 282,340 shares of common stock at an exercise price of $3.54 per share, expiring on April 1, 2036.
According to the vesting terms, if he continues as a service provider, 25% of the option will vest on the one-year anniversary of the Vesting Commencement Date of April 1, 2026, with the remaining shares vesting in equal monthly installments over the following three years.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dornan David
Role
Chief Scientific Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 282,340 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 282,340 shares (Direct)
Footnotes (1)
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Key Figures
Option grant size: 282,340 shares
Exercise price: $3.54 per share
Expiration date: April 1, 2036
+2 more
5 metrics
Option grant size
282,340 shares
Stock Option (right to buy) granted to CSO
Exercise price
$3.54 per share
Conversion/exercise price of stock option
Expiration date
April 1, 2036
Option term end date
Initial vesting portion
25% of shares
Vests one year after April 1, 2026
Monthly vesting cadence
1/48 of shares
Vests monthly after first anniversary until year four
Key Terms
Stock Option (right to buy), Vesting Commencement Date, Equity Incentive Plan
3 terms
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)""
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.
Equity Incentive Plan financial
"as 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.
FAQ
What insider transaction did Whitehawk Therapeutics (WHWK) report for David Dornan?
Whitehawk Therapeutics reported a grant of stock options to Chief Scientific Officer David Dornan. He received options for 282,340 shares of common stock at a $3.54 exercise price, forming part of his equity-based compensation package under the company’s 2021 Equity Incentive Plan.
What is the exercise price of David Dornan’s Whitehawk Therapeutics (WHWK) stock options?
The exercise price for David Dornan’s stock options is $3.54 per share. This means he can buy Whitehawk Therapeutics common stock at $3.54 once options vest and are exercised, regardless of the market price at that future time, subject to plan and option terms.
When do David Dornan’s Whitehawk Therapeutics (WHWK) options start vesting?
The options use a Vesting Commencement Date of April 1, 2026. Twenty-five percent of the shares vest on the one-year anniversary of that date, with the remaining 75% vesting in equal monthly installments over the following three years, contingent on continued service.
What is the expiration date of the Whitehawk Therapeutics (WHWK) options granted to Dornan?
The stock options granted to David Dornan expire on April 1, 2036. If unexercised by that date, the right to buy Whitehawk Therapeutics common shares under this grant will lapse, following the standard long-dated option structure typical for executive equity incentives.
Is the Whitehawk Therapeutics (WHWK) option grant to Dornan an open-market purchase or sale?
The transaction is an option grant classified as an acquisition, not an open-market trade. Dornan received the options as compensation, at no purchase price today, and may later choose to exercise them at $3.54 per share if they vest and conditions are satisfied.