Varney Michael David 4
4 · Erasca, Inc. · Filed Jan 30, 2026
Research Summary
AI-generated summary of this filing
Erasca (ERAS) Director Michael Varney Receives 96,000-Share Award
What Happened
- Michael David Varney, a director of Erasca, Inc. (ERAS), was granted a derivative award of 96,000 shares on 2026-01-29. The award is reported at $0.00 per share (no cash paid) and is a compensatory equity grant rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-01-29 (reported 2026-01-30).
- Amount: 96,000 shares; reported price: $0.00 per share (derivative award).
- Shares owned after transaction: Not specified in the Form 4 filing.
- Vesting/footnote: The award vests 1/48th each month (monthly on the 29th or the last day of February), beginning February 2026, subject to continuous service.
- Filing timeliness: No late filing indicated in the reported Form 4.
Context
- This is a compensatory equity grant to a board member and not a market buy or sale. The award vests over four years, tying value to continued service; such grants are common for directors and do not, by themselves, indicate an immediate market action (e.g., sale).
Insider Transaction Report
Form 4
Erasca, Inc.ERAS
Varney Michael David
Director
Transactions
- Award
Stock option (right to buy)
[F1]2026-01-29+96,000→ 96,000 totalExercise: $10.31Exp: 2036-01-29→ Common Stock (96,000 underlying)
Footnotes (1)
- [F1]1/48th of the shares subject to the option vest monthly on the 29th day of each month (or the last day of February), starting in February 2026, subject to the Reporting Person's continuous service to the issuer on each such vesting date.
Signature
/s/ Ebun S. Garner, as Attorney-in-Fact|2026-01-30