ALX Oncology (ALXO) awards CMO 100,000 stock options at $1.68
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ALX Oncology Holdings Inc reported that Chief Medical Officer Barbara Klencke received a grant of stock options covering 100,000 shares of Common Stock. The options have an exercise price of $1.68 per share and expire on April 15, 2036.
One-fourth of the option shares vest on February 25, 2027, and the remaining shares vest in equal monthly installments of 1/48th thereafter. This is a compensation-related award rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Klencke Barbara
Role
Chief Medical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock option (right to buy) | 100,000 | $0.00 | -- |
Holdings After Transaction:
Stock option (right to buy) — 100,000 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 100,000 shares
Exercise price: $1.68 per share
Expiration date: April 15, 2036
+2 more
5 metrics
Option grant size
100,000 shares
Stock options covering Common Stock granted to CMO
Exercise price
$1.68 per share
Conversion or exercise price of granted options
Expiration date
April 15, 2036
Options lapse if not exercised by this date
Initial vesting date
February 25, 2027
One-fourth of option shares vest on this date
Monthly vesting fraction
1/48th of shares
Remaining options vest monthly after initial vesting
Key Terms
Stock option (right to buy), Common Stock, vest, expiration date
4 terms
Stock option (right to buy) financial
"security_title: "Stock option (right to buy)""
Common Stock financial
"underlying_security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
vest financial
"One-fourth of the shares subject to the option vest on February 25, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
expiration date financial
"expiration_date: "2036-04-15T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.