Chavez Margarita 4
Research Summary
AI-generated summary
Aligos (ALGS) Director Margarita Chavez Receives 5,860-Share Option Award
What Happened
- Margarita Chavez, a director of Aligos Therapeutics (ALGS), was granted a derivative award on 2026-06-25 covering 5,860 shares. The reported transaction shows an acquisition of 5,860 shares at $0.00 (total $0), identified as a derivative (option) grant rather than a market purchase or sale.
- The award will vest and become exercisable 100% on the earlier of the first anniversary of the grant date or immediately prior to the issuer’s 2027 annual meeting, subject to continuous service.
Key Details
- Transaction date: 2026-06-25; Form 4 filed: 2026-06-29 (filed within required reporting window).
- Grant type: Derivative/option (code A — award/grant); reported price: $0.00 per share; reported value: $0.
- Vesting: 100% on earlier of one-year anniversary or just before 2027 annual meeting (subject to continued service).
- Shares owned after transaction: not specified in the filing.
- No tax-withholding, sale, or exercise reported in this filing.
Context
- This was a compensation award (option grant) to a director, not a purchase or sale. Such grants are common for board compensation and do not by themselves indicate buying/selling sentiment.
- The option is not reported as exercised or sold; it becomes exercisable upon vesting per the disclosed schedule.