Evommune (EVMN) Chief Scientific Officer awarded 69,315 stock options at $26.77
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Patel Jeegar Pravinkumar reported acquisition or exercise transactions in this Form 4 filing.
Evommune, Inc. Chief Scientific Officer Jeegar Pravinkumar Patel received an employee stock option grant for 69,315 shares of common stock. The option has a strike price of $26.77 per share and expires on April 15, 2036, with no cash paid for the grant itself.
According to the vesting terms, one quarter of the option vests on the first anniversary of the grant date. The remaining three quarters vest in 36 equal monthly installments, contingent on Patel’s continuous service with the company. After this award, he holds 69,315 derivative securities directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Patel Jeegar Pravinkumar
Role
Chief Scientific Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 69,315 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 69,315 shares (Direct)
Footnotes (1)
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Key Figures
Options granted: 69,315 options
Exercise price: $26.77 per share
Underlying shares: 69,315 shares
+4 more
7 metrics
Options granted
69,315 options
Employee stock option grant to Chief Scientific Officer
Exercise price
$26.77 per share
Strike price for employee stock options
Underlying shares
69,315 shares
Evommune common stock underlying the options
Expiration date
April 15, 2036
Option term end for this grant
Holdings after transaction
69,315 derivative securities
Total options held by Patel following grant
Initial vesting portion
25% of options
Vests on first anniversary of grant date
Remaining vesting schedule
36 monthly installments
After first anniversary, subject to continuous service
Key Terms
Employee Stock Option (Right to Buy), vesting, grant date, Chief Scientific Officer
4 terms
Employee Stock Option (Right to Buy) financial
"security_title: "Employee Stock Option (Right to Buy)""
vesting financial
"shares subject to the option award shall vest on the first anniversary"
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 date financial
"on the first anniversary of the grant date and the remaining shares"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
Chief Scientific Officer financial
"officer_title: "Chief Scientific Officer""
FAQ
What insider transaction did Evommune (EVMN) report for Jeegar Patel?
Evommune reported that Chief Scientific Officer Jeegar Pravinkumar Patel received an employee stock option grant for 69,315 shares. These options give him the right to buy Evommune common stock at a fixed price in the future, subject to a multi-year vesting schedule.
How many Evommune (EVMN) options were granted and at what price?
Jeegar Patel was granted 69,315 employee stock options tied to Evommune common stock. The options have an exercise price of $26.77 per share, meaning he can purchase shares at this fixed price once they vest, regardless of future market price.
When do Jeegar Patel’s Evommune (EVMN) stock options vest?
One quarter of the 69,315 options vest on the first anniversary of the grant date. The remaining options vest in 36 equal monthly installments afterward, provided Patel continues serving Evommune throughout the entire vesting period.
What is the expiration date of the Evommune (EVMN) stock options granted to Patel?
The employee stock options granted to Jeegar Patel expire on April 15, 2036. If unexercised by that date, the options lapse. This long-dated term gives him a lengthy window to exercise after vesting, subject to company and plan rules.