Geron (NASDAQ: GERN) director granted 270,000 stock options at $1.57 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Geron Corp director Constantine Chinoporos received a grant of stock options, not an open-market share purchase. The award covers 270,000 options to buy Geron common stock at an exercise price of $1.57 per share and expires on March 24, 2036.
The options will vest in three equal annual installments starting on March 25, 2027, subject to his continuous service with the company through each vesting date. Following this grant, he holds 270,000 stock options directly according to the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chinoporos Constantine
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 270,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 270,000 shares (Direct)
Footnotes (1)
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FAQ
What did Geron (GERN) director Constantine Chinoporos report in this Form 4?
He reported receiving a grant of 270,000 stock options, not buying shares on the market. These options give him the right to purchase Geron common stock at a fixed exercise price of $1.57 per share before expiration.
Is the Geron (GERN) Form 4 transaction a stock purchase or an option grant?
The transaction is an option grant, coded “A” for award, not an open-market stock purchase. Chinoporos was awarded 270,000 options as compensation, with an exercise price of $1.57 per share and future vesting conditions attached.
What are the vesting terms of Constantine Chinoporos’ options at Geron (GERN)?
The 270,000 options vest in three equal annual installments starting on March 25, 2027. Vesting is contingent on his continuous service with Geron through each vesting date, as defined in the company’s 2018 Equity Incentive Plan.
When do Constantine Chinoporos’ Geron (GERN) stock options expire?
The stock options granted to Chinoporos expire on March 24, 2036. After expiration, any unexercised options become worthless, so they must be exercised before that date for him to acquire Geron common shares at $1.57 per share.
How many Geron (GERN) stock options does Constantine Chinoporos hold after this filing?
After this grant, he directly holds 270,000 stock options according to the Form 4. Each option represents the right to buy one share of Geron common stock at an exercise price of $1.57, subject to vesting and the stated expiration date.