Zura Bio (ZURA) CTO awarded 263,000 share options at $6.03 strike price

Rhea-AI Filing Summary

Zura Bio Ltd reported that Chief Technology Officer Gary Whale received an employee share option grant covering 263,000 Class A Ordinary Shares. The options have an exercise price of $6.03 per share and expire on April 1, 2036.

These options were granted as a compensation award rather than an open-market purchase. One fourth of the shares will vest on April 1, 2027, with the remaining options vesting in equal quarterly installments over time, subject to his continuous service.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Whale Gary

Role Chief Technology Officer

Type	Security	Shares	Price	Value
Grant/Award	Employee Share Option (Right to Buy)	263,000	$0.00	--

Holdings After Transaction: Employee Share Option (Right to Buy) — 263,000 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Option grant size: 263,000 options Exercise price: $6.03 per share Expiration date: April 1, 2036 +3 more

6 metrics

Option grant size 263,000 options Employee share option grant to CTO Gary Whale

Exercise price $6.03 per share Strike price for granted employee share options

Expiration date April 1, 2036 Option term for employee share option award

Initial vesting date April 1, 2027 One fourth of options vest on this date

Shares underlying options 263,000 Class A Ordinary Shares Underlying security for the option grant

Post-transaction derivative holdings 263,000 options Total options held following this grant

Key Terms

Employee Share Option, Class A Ordinary Shares, exercise price, vesting, +1 more

5 terms

Employee Share Option financial

"Employee Share Option (Right to Buy)"

Class A Ordinary Shares financial

"underlying_security_title: Class A Ordinary Shares"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

exercise price financial

"conversion_or_exercise_price: 6.0300"

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.

vesting financial

"shares subject to the option award shall vest on April 1, 2027"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Whale Gary

(Last) (First) (Middle)

C/O ZURA BIO LTD

1489 WEST WARM SPRINGS ROAD, #110

(Street)

HENDERSON NEVADA 89014

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Zura Bio Ltd [ ZURA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Technology Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Share Option (Right to Buy)	$6.03	04/01/2026		A		263,000		(1)	04/01/2036	Class A Ordinary Shares	263,000	$0	263,000	D

Explanation of Responses:

1. One fourth (1/4th) of the shares subject to the option award shall vest on April 1, 2027, and one twelfth (1/12th) of the remaining shares subject to the option award shall vest in equal quarterly installments thereafter, subject to the Reporting Person's continuous service through such vesting date.

	/s/ Kim Davis, Attorney-in-Fact	04/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Zura Bio (ZURA) report for Gary Whale?

Zura Bio reported a grant of employee share options to Chief Technology Officer Gary Whale. He received options over 263,000 Class A Ordinary Shares as part of a compensation award, not an open-market stock purchase or sale.

How many options were granted to the Zura Bio CTO and at what price?

The CTO received options for 263,000 Class A Ordinary Shares at an exercise price of $6.03 per share. This means he can buy shares at $6.03 once the options vest and are exercised in the future.

When do Gary Whale’s Zura Bio (ZURA) options start vesting?

One fourth of the options vest on April 1, 2027. The remaining options then vest in equal quarterly installments, as long as he remains in continuous service with the company through each vesting date.

Is the Zura Bio Form 4 a stock purchase or a compensation grant?

The Form 4 reflects a compensation-related option grant, not a market purchase. The transaction code A indicates a grant or award, giving the CTO rights to buy shares later at a fixed exercise price if vesting conditions are met.

What is the expiration date of the Zura Bio CTO’s option grant?

The employee share options granted to the CTO expire on April 1, 2036. If unexercised by that date, the options lapse and can no longer be used to buy Zura Bio Class A Ordinary Shares at the $6.03 exercise price.