Zevra Therapeutics (ZVRA) director awarded 30,000 options at $11.17 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zevra Therapeutics director Douglas W. Calder received a grant of stock options as board compensation. The award covers 30,000 options to buy common stock at an exercise price of $11.17 per share, matching the Nasdaq closing price on June 4, 2026.
All 30,000 options vest 100% on the earlier of the first anniversary of grant, the day before the first annual stockholders meeting after the grant date, or immediately before a change in control, subject to continued service. Following this grant, Calder holds 30,000 options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Calder Douglas W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 30,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 30,000 shares (Direct, null)
Footnotes (1)
- The exercise price is equal to the closing price of the Issuer's common stock on the Nasdaq Global Select Market on the date of grant, June 4, 2026. This grant was awarded as compensation for the Reporting Person's service on the Issuer's board of directors pursuant to the Issuer's tenth amended and restated non-employee director compensation policy. One hundred percent (100%) of the shares subject to the option shall vest on the earlier of (i) the first anniversary of the date of grant, (ii) the date that is one day prior to the first annual stockholders meeting occurring after the grant date or (iii) immediately prior to a change in control of the Issuer, subject in each case to the Reporting Person's continued service on such vesting date.
Key Figures
Option grant size: 30,000 options
Exercise price: $11.17 per share
Options after transaction: 30,000 options
+1 more
4 metrics
Option grant size
30,000 options
Stock Option (right to buy) granted on June 4, 2026
Exercise price
$11.17 per share
Equal to Nasdaq closing price on June 4, 2026
Options after transaction
30,000 options
Total options held directly following the grant
Option expiration
June 3, 2036
Expiration date of the granted stock options
Key Terms
Stock Option (right to buy), exercise price, non-employee director compensation policy, change in control
4 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
exercise price financial
"The exercise price is equal to the closing price of the Issuer's common stock"
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.
non-employee director compensation policy financial
"pursuant to the Issuer's tenth amended and restated non-employee director compensation policy"
change in control financial
"immediately prior to a change in control of the Issuer"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
What did director Douglas W. Calder receive from Zevra Therapeutics (ZVRA)?
Douglas W. Calder received a grant of 30,000 stock options as compensation for serving on Zevra’s board. These options give him the right to buy 30,000 shares of common stock at a preset exercise price.
What is the exercise price of the new Zevra (ZVRA) stock options?
The exercise price is $11.17 per share, equal to the Nasdaq closing price of Zevra’s common stock on June 4, 2026. This price is the cost per share if Calder later exercises the options.
When do Douglas Calder’s Zevra (ZVRA) options vest?
All 30,000 options vest 100% on the earliest of three dates: the first anniversary of the grant, the day before the first annual stockholders meeting after grant, or immediately before a change in control, assuming continued board service.
How many Zevra (ZVRA) options does Douglas Calder hold after this grant?
After this grant, Douglas Calder holds 30,000 stock options directly. The filing does not list additional derivative positions, indicating this award represents his visible option holdings in the reported data.
Why did Zevra (ZVRA) grant these stock options to Douglas Calder?
The options were granted under Zevra’s tenth amended and restated non-employee director compensation policy. They serve as part of Calder’s compensation for his ongoing service on the company’s board of directors.