4//SEC Filing
Hecht Peter M 4
Accession 0001209191-20-022657
CIK 0001755237other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 4:59 PM ET
Size
9.5 KB
Accession
0001209191-20-022657
Insider Transaction Report
Form 4
Hecht Peter M
Director10% Owner
Transactions
- Award
Employee Stock Option (Right to Buy)
2020-03-31$2.65/sh+153,846$407,692→ 153,846 totalExercise: $2.65Exp: 2030-03-31→ Common Stock (153,846 underlying)
Holdings
- 485(indirect: By Trust)
Common Stock
- 223,736
Common Stock
- 485(indirect: By Trust)
Common Stock
- 485(indirect: By Trust)
Common Stock
Footnotes (4)
- [F1]Due to administrative error, the Reporting Person's last filed Form 4 under-reported the shares beneficially owned by 2,000 shares. This Form 4 reflects the corrected total beneficial ownership for this Reporting Person.
- [F2]These shares are held in the referenced trust for the benefit of the reporting person's child. The reporting person's spouse is the trustee of this trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or any other purpose.
- [F3]The Compensation Committee approved the stock option award to the reporting person in order to offset his low-to-market total cash compensation and provide him with a market-aligned total compensation package for 2019, 2020, and 2021. 36,436 options under the award are intended to offset his below-market total cash salary for 2019, and 58,705 options under the award are intended to offset his below-market total cash compensation for each of 2020 and 2021.
- [F4]The options, granted as an annual performance award, vests in seventy-two equal monthly installments over a six year period on each monthly anniversary of January 1, 2020 until fully vested.
Documents
Issuer
Cyclerion Therapeutics, Inc.
CIK 0001755237
Entity typeother
Related Parties
1- filerCIK 0001478485
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 4:59 PM ET
- Size
- 9.5 KB