Parabilis (NASDAQ: PBLS) CFO discloses multi-year stock option grants
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Parabilis Medicines, Inc. Chief Financial Officer Thomas Rodolpho Kotarakos reported his existing stock option holdings in a Form 3. He holds options over 292,416 shares of common stock at an exercise price of $3.14 expiring on February 17, 2036, which are fully vested. He also holds options over 165,702 shares at $1.48 per share expiring on March 27, 2034, vesting in 48 equal monthly installments from January 1, 2024, and 48,736 shares at $4.82 per share expiring on December 18, 2031, vesting in 48 equal monthly installments from February 9, 2026. The filing reflects holdings only and does not show new purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Kotarakos Thomas Rodolpho
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 48,736 shares (Direct, null)
Footnotes (1)
- The shares subject to this option are fully vested. The shares subject to this option shall vest and become exercisable in forty-eight (48) equal monthly installments commencing from January 1, 2024, subject to the Reporting Person's continued service on each such vesting date. The shares subject to this option shall vest and become exercisable in forty-eight (48) equal monthly installments commencing from February 9, 2026, subject to the Reporting Person's continued service on each such vesting date.
Key Figures
Underlying shares (option 1): 292,416 shares
Exercise price (option 1): $3.14/share
Underlying shares (option 2): 165,702 shares
+3 more
6 metrics
Underlying shares (option 1)
292,416 shares
Stock option at $3.14 exercise price, expires February 17, 2036
Exercise price (option 1)
$3.14/share
Stock option over 292,416 common shares, expires February 17, 2036
Underlying shares (option 2)
165,702 shares
Stock option at $1.48 exercise price, expires March 27, 2034
Exercise price (option 2)
$1.48/share
Vests in 48 monthly installments from January 1, 2024
Underlying shares (option 3)
48,736 shares
Stock option at $4.82 exercise price, expires December 18, 2031
Exercise price (option 3)
$4.82/share
Vests in 48 monthly installments from February 9, 2026
Key Terms
Stock Option (right to buy), underlying security shares, vest and become exercisable, equal monthly installments, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)" for each derivative holding"
vest and become exercisable financial
"The shares subject to this option shall vest and become exercisable in forty-eight (48) equal monthly installments"
equal monthly installments financial
"forty-eight (48) equal monthly installments commencing from January 1, 2024"
fully vested financial
"The shares subject to this option are fully vested."
FAQ
What does Parabilis Medicines (PBLS) CFO report in this Form 3?
The CFO reports his existing stock option holdings in Parabilis Medicines. The filing lists three option grants over common stock, detailing underlying share amounts, exercise prices, expiration dates, and vesting schedules, without disclosing any new purchase, sale, or exercise activity.
What are the exercise prices of the Parabilis (PBLS) CFO’s stock options?
The reported stock options have exercise prices of $3.14, $1.48, and $4.82 per share. Each price applies to a distinct grant, paired with different expiration dates and vesting schedules, indicating multiple option awards granted at different times and valuation levels.
When do the Parabilis (PBLS) CFO’s reported stock options expire?
The disclosed options expire on December 18, 2031, March 27, 2034, and February 17, 2036. These long-dated expirations show the options are intended as multi-year incentives, with some tranches already vested and others vesting monthly over four-year periods.
How do the Parabilis (PBLS) CFO’s options vest according to the Form 3?
One option grant is fully vested, meaning all related shares are currently exercisable. Two other grants vest in forty-eight equal monthly installments, starting January 1, 2024 and February 9, 2026, respectively, contingent on the CFO’s continued service each month.