Wilson Mark Andrew 4
Research Summary
AI-generated summary
Septerna (SEPN) CLO Mark Wilson Receives Option Award
What Happened Mark Andrew Wilson, Chief Legal Officer of Septerna, was granted a derivative award (stock option) covering 165,000 shares on February 6, 2026. The grant is reported at $0.00 (no cash paid at grant); this was an award/grant (transaction code A), not a sale or open‑market purchase.
Key Details
- Transaction date: 2026-02-06; Form 4 filed 2026-02-10 (timely filing).
- Instrument: derivative award / option for 165,000 shares; reported acquisition price $0.00.
- Vesting (footnote): 25% of the option vests on January 5, 2027; the remaining 75% vests in 36 substantially equal monthly installments thereafter, subject to continued service.
- Filing does not list total shares owned following the grant in the summary provided.
- Transaction code: A = Award/Grant (not an exercise or sale).
Context This was a compensation grant to an executive — a common way companies incentivize retention and performance. Because it is a time‑vesting option award (not an immediate purchase or exercise), it does not reflect an immediate change in market exposure; the shares become exercisable/owned only as they vest according to the schedule above.