Structure Therapeutics (NASDAQ: GPCR) awards new options and RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Structure Therapeutics Inc. Chief Development Officer Ashley Hall reported compensation-related equity grants. Hall received an option to buy 59,073 ordinary shares at an exercise price of $16.82 per share, expiring on March 18, 2036, and now holds 59,073 derivative shares from this grant.
Hall was also awarded 47,706 restricted stock units, each representing one ordinary share, bringing direct ordinary share holdings to 155,187 shares after the award. The RSUs vest 1/4 each year on the anniversaries of March 1, 2026, while the option vests 1/4 on March 1, 2027 and monthly thereafter, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hall Ashley
Role
Chief Development Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (right to buy) | 59,073 | $0.00 | -- |
| Grant/Award | Ordinary Shares | 47,706 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 59,073 shares (Direct);
Ordinary Shares — 155,187 shares (Direct)
Footnotes (1)
- The Ordinary Shares of the Issuer may be represented by American Depositary Shares ('ADSs"). Each ADS represents three Ordinary Shares of the Issuer. Represents the grant of restricted stock units ("RSUs"), each of which represents a contingent right to receive one ordinary share of the Issuer. The RSUs vest 1/4th annually on each anniversary of March 1, 2026, subject to Reporting Person's continued service on such dates. The option exercise price per share is equal to the fair market value per Ordinary Share on the grant date based on the trading price of the Issuer's ADSs. 1/4th of the shares subject to the option shall vest March 1, 2027, and the remaining shares shall vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continued service through each such vesting date.
FAQ
What equity awards did GPCR executive Ashley Hall receive in this Form 4?
Ashley Hall received two equity awards: an option for 59,073 ordinary shares at a $16.82 exercise price and 47,706 restricted stock units. Both awards are compensation-related and vest over several years, subject to Hall’s continued service with Structure Therapeutics.
What are the vesting terms of Ashley Hall’s new GPCR stock options?
The option for 59,073 ordinary shares vests 1/4 on March 1, 2027, with the remaining shares vesting in 36 equal monthly installments thereafter. Vesting is conditioned on Hall’s continued service through each vesting date, aligning incentives with long-term employment at Structure Therapeutics.
When do Ashley Hall’s restricted stock units in Structure Therapeutics vest?
The 47,706 restricted stock units vest in four equal annual installments. One quarter of the RSUs vests on each anniversary of March 1, 2026, provided Ashley Hall continues in service on each vesting date, gradually delivering ordinary shares over four years.
What is the exercise price and expiration date of Ashley Hall’s GPCR stock options?
The granted stock option has an exercise price of $16.82 per ordinary share and expires on March 18, 2036. The exercise price is based on the fair market value of Structure Therapeutics’ ordinary shares derived from the trading price of its American Depositary Shares.