Tenaya Therapeutics (TNYA) director receives 120,000 stock options grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tenaya Therapeutics, Inc. reported that director Amy L. Burroughs received a grant of stock options covering 120,000 shares of common stock. The options have an exercise price of $0.7989 per share, were granted as compensation under the company’s Amended and Restated 2021 Equity Incentive Plan, and vest in full on May 28, 2027 or earlier, the day before the next annual stockholder meeting after the grant date, if sooner. The options expire on May 27, 2036, and this filing does not reflect any open‑market buying or selling of Tenaya shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Burroughs Amy L.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to buy) | 120,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to buy) — 120,000 shares (Direct, null)
Footnotes (1)
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Key Figures
Stock options granted: 120,000 options
Exercise price: $0.7989 per share
Vesting date: May 28, 2027
+3 more
6 metrics
Stock options granted
120,000 options
Grant to director Amy L. Burroughs
Exercise price
$0.7989 per share
Strike price for the 120,000 options
Vesting date
May 28, 2027
Full vesting or earlier before next annual meeting
Expiration date
May 27, 2036
Option term end if unexercised
Underlying shares
120,000 shares
Common stock underlying the options
Options held after grant
120,000 options
Total derivative securities following this transaction
Key Terms
Stock Option, Equity Incentive Plan, vesting, service provider
4 terms
Stock Option financial
"Stock Option (Right to buy)"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
Equity Incentive Plan financial
"Amended and Restated Tenaya Therapeutics, Inc. 2021 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
vesting financial
"Option will vest in full May 28, 2027, or, if earlier, the day immediately before the date of the next annual meeting"
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.
service provider financial
"subject to the Reporting Person continuing to be a service provider to the Issuer through each applicable vesting date"
FAQ
What did Amy L. Burroughs report in this Tenaya Therapeutics (TNYA) Form 4?
Amy L. Burroughs reported receiving a grant of 120,000 stock options. These options give her the right to buy Tenaya common shares at $0.7989, reflecting equity-based director compensation rather than an open-market stock purchase or sale.
What are the key terms of Amy Burroughs’ 120,000 Tenaya stock options?
The options cover 120,000 Tenaya shares at a $0.7989 exercise price. They were granted at no cost, vest in full by May 28, 2027 (or earlier as specified), and expire on May 27, 2036, if not exercised before then.
When do Amy Burroughs’ Tenaya Therapeutics stock options vest?
The stock options vest in full on May 28, 2027, or earlier, the day immediately before the next annual stockholder meeting after the grant date, if that comes sooner, assuming she continues as a service provider to Tenaya through the vesting date.
Under which plan were Amy Burroughs’ Tenaya stock options granted?
The options were granted under the Amended and Restated Tenaya Therapeutics, Inc. 2021 Equity Incentive Plan. This plan is used by Tenaya to provide equity-based awards, such as stock options, as part of compensation for eligible service providers.