Research Summary
AI-generated summary of this SEC filing
Curis (CRIS) CDO Jonathan B. Zung Receives Equity Award
What Happened
Jonathan B. Zung, Chief Development Officer of Curis, received an equity award (reported as a derivative grant) for 48,285 shares on July 7, 2026. The grant is reported at a per-share price of $5.29, for a reported total value of $255,428. This was an award/grant (not an open-market purchase or sale).
Key Details
- Transaction date: July 7, 2026; Form 4 filed July 9, 2026 (filed within the required Form 4 window).
- Transaction type/code: Award/Grant (derivative) — reported as "A".
- Shares/count: 48,285 shares; reported grant price $5.29; reported value $255,428.
- Shares owned after transaction: Not specified in this filing.
- Footnote: Grant vests 25% on July 7, 2027, then an additional 6.25% of the original shares each quarter thereafter until July 7, 2030.
- Exhibit: Power of Attorney (24.1) included.
Context
This filing documents a time‑based equity award (vesting over three years) rather than an immediate purchase or sale. Such grants are common as compensation and do not indicate an immediate buy/sell market action. The vesting schedule means shares will become owned over time if employment conditions are met.