BillionToOne (NASDAQ: BLLN) CFO discloses 250K stock options and IPO reclassification
Rhea-AI Filing Summary
BillionToOne, Inc. (BLLN) filed a Form 4 reporting equity award activity for its Chief Financial Officer. The filing shows stock options with exercise prices of $11.55 and $30.78 covering 175,000 and 75,000 shares, respectively. These options are listed both before and after a reclassification in connection with the company’s initial public offering of Class A common stock.
The filing explains that, under a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically converted into one share of Class A common stock immediately prior to completion of the IPO. The $11.55 options vest over four years, with 25% vested on January 8, 2025 and the rest in monthly installments over three years. The $30.78 options vest in equal monthly installments over four years starting September 15, 2025, contingent on continued service.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Stock Option (right to buy) | 175,000 | $0.00 | -- |
| Other | Stock Option (right to buy) | 175,000 | $0.00 | -- |
| Other | Stock Option (right to buy) | 75,000 | $0.00 | -- |
| Other | Stock Option (right to buy) | 75,000 | $0.00 | -- |
Footnotes (1)
- Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically reclassified into one share of Class A common stock immediately prior to the completion of the Issuer's initial public offering of Class A common stock. The options are subject to a service-based vesting requirement, which shall be satisfied over a four-year period. Twenty-five percent of the options vested on January 8, 2025. The remaining 75% vest and become exercisable in equal monthly installments over the following three years, subject to the Reporting Person's continuous service with the Issuer through each such vesting date. The options are subject to a service-based vesting requirement, which shall be satisfied over a four-year period. The options vest and become exercisable in equal monthly installments commencing on September 15, 2025, subject to the Reporting Person's continuous service with the Issuer through each such vesting date.