Landsittel Michael 4
Research Summary
AI-generated summary
Damora (DMRA) Director Michael Landsittel Receives Option Award
What Happened
- Michael Landsittel, a director of Damora Therapeutics, was granted a derivative award on March 23, 2026: an option covering 37,313 shares of common stock with an acquisition price reported as $0.00. This filing reports a grant (award) rather than an open‑market purchase or sale, so no cash changed hands at grant.
Key Details
- Transaction date: 2026-03-23; Form 4 filed: 2026-03-25 (appears timely).
- Transaction type/code: A (Award/Grant of derivative).
- Shares/units involved: option to acquire 37,313 shares; reported exercise/acquisition price $0.00 in the filing.
- Vesting: option vests in equal monthly installments through March 23, 2029, subject to continued service (per footnote).
- Shares owned after transaction: not specified in the provided filing excerpt.
- No immediate exercise/sale: this is a grant of an option (not an exercised or sold position) and does not indicate an immediate cashless exercise or disposition.
Context
- As an option grant to a director, this is typically a retention/incentive award tied to future service and vesting, not a present purchase or sale signal. Retail investors should view it as management compensation rather than an immediate endorsement via purchase.