4//SEC Filing
Nichtberger Steven 4
Accession 0000950170-25-074826
CIK 0001759138other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 9:40 PM ET
Size
29.7 KB
Accession
0000950170-25-074826
Insider Transaction Report
Form 4
Nichtberger Steven
DirectorPresident & CEO
Transactions
- Award
Stock Option (Right to Buy)
2025-05-19+99,714→ 99,714 totalExercise: $1.92Exp: 2029-10-23→ Common Stock (99,714 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2025-05-19−333,500→ 0 totalExercise: $11.47Exp: 2031-02-28→ Common Stock (333,500 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2025-05-19−300,000→ 0 totalExercise: $14.94Exp: 2030-02-28→ Common Stock (300,000 underlying) - Award
Stock Option (Right to Buy)
2025-05-19+333,500→ 333,500 totalExercise: $1.92Exp: 2031-02-28→ Common Stock (333,500 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2025-05-19−380,000→ 0 totalExercise: $3.21Exp: 2032-01-17→ Common Stock (380,000 underlying) - Award
Stock Option (Right to Buy)
2025-05-19+380,000→ 380,000 totalExercise: $1.92Exp: 2032-01-17→ Common Stock (380,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2025-05-19−353,000→ 0 totalExercise: $23.97Exp: 2034-02-28→ Common Stock (353,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2025-05-19−99,714→ 0 totalExercise: $11.00Exp: 2029-10-23→ Common Stock (99,714 underlying) - Award
Stock Option (Right to Buy)
2025-05-19+353,000→ 353,000 totalExercise: $1.92Exp: 2034-02-28→ Common Stock (353,000 underlying) - Award
Stock Option (Right to Buy)
2025-05-19+300,000→ 300,000 totalExercise: $1.92Exp: 2030-02-28→ Common Stock (300,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2025-05-19−411,600→ 0 totalExercise: $11.09Exp: 2033-01-17→ Common Stock (411,600 underlying) - Award
Stock Option (Right to Buy)
2025-05-19+411,600→ 411,600 totalExercise: $1.92Exp: 2033-01-17→ Common Stock (411,600 underlying)
Footnotes (3)
- [F1]On May 15, 2025, the Issuer's board of directors approved an option repricing (the "Repricing"), to be effective May 19, 2025 (the "Repricing Date"). All of the other terms of the options remain unchanged. The transactions were exempt pursuant to Rule 16b-6(d) and Rule 16b-3 of the Exchange Act of 1934, as amended, as applicable.
- [F2]This stock option award was issued pursuant to the Cabaletta Bio, Inc. 2018 Stock Option and Incentive Plan, as amended (the "2018 Plan") or the Cabaletta Bio, Inc. 2019 Stock Option and Incentive Plan, as amended (the "2019 Plan"), as applicable, and becomes exercisable in accordance with the vesting schedule specified in the award agreement and as previously reported on applicable Form 4, subject to the Reporting Person's continued service with the Issuer as of the applicable vesting date.
- [F3]The exercise price of the option is $1.92 per share, representing the fair market value per share of the Issuer's Common Stock on the Repricing Date. Under the terms of the stock option award repricing, a repriced stock option award will revert to its original exercise price if exercised during the Retention Period. The "Retention Period", through which the option holder must remain in service to the Issuer, commenced on the Repricing Date and ends upon the earliest of (i) the one-year anniversary of the Repricing Date, (ii) a Sale Event (as defined in the 2018 Plan and 2019 Plan, as applicable) and (iii) the termination of the Reporting Person's Service Relationship (as defined in the 2018 Plan and 2019 Plan, as applicable) due to the Reporting Person's death or disability.
Documents
Issuer
Cabaletta Bio, Inc.
CIK 0001759138
Entity typeother
Related Parties
1- filerCIK 0001487989
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 9:40 PM ET
- Size
- 29.7 KB