CFO at Adicet Bio (ACET) receives stock options on 43,361 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Adicet Bio, Inc. reported that Chief Financial Officer Brian Nicholas received a grant of stock options covering 43,361 shares of common stock. The options have an exercise price of $6.81 per share and expire on March 24, 2036. According to the vesting terms, 1/48th of the options vest on each monthly anniversary of the grant over forty-eight months, as long as he continues his service relationship with the company. Following this grant, he holds 43,361 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harvey Brian Nicholas
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 43,361 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 43,361 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Adicet Bio (ACET) report for its CFO?
Adicet Bio reported that its Chief Financial Officer, Brian Nicholas, received a grant of stock options for 43,361 shares of common stock. These options were awarded as a compensation-related grant rather than an open-market purchase or sale of shares.
What are the key terms of the Adicet Bio CFO’s new stock options?
The CFO’s stock options cover 43,361 shares of Adicet Bio common stock at an exercise price of $6.81 per share. The options expire on March 24, 2036, providing a long-dated incentive aligned with the company’s future performance and his continued employment.
How do the Adicet Bio CFO stock options vest over time?
The options vest in equal monthly installments. Specifically, 1/48th of the 43,361 options vests on each of the forty-eight monthly anniversaries of the grant date, provided Brian Nicholas maintains a service relationship with Adicet Bio on each applicable vesting date.
Was the Adicet Bio CFO transaction a stock purchase or sale?
The transaction was neither an open-market purchase nor a sale. It was coded as an “A” transaction, meaning a grant or award of derivative securities. The CFO received stock options as compensation, with no cash transaction in the market reported in this filing.
How many Adicet Bio options does the CFO hold after this grant?
After this grant, the filing shows the CFO directly holding 43,361 stock options. This total matches the number of options awarded in the reported transaction, indicating this grant accounts for the full derivative position disclosed in the document.