Edris Badreddin 4
Research Summary
AI-generated summary
Edgewise (EWTX) Director Edris Badreddin Receives Awards
What Happened
- Edris Badreddin, a director of Edgewise Therapeutics (EWTX), was granted two equity awards on June 5, 2026: 5,619 restricted stock units (RSUs) and 8,188 stock options. Both grants are reported as derivative awards with an acquisition price of $0 in the Form 4 filing.
Key Details
- Transaction date: June 5, 2026 (Form 4 filed June 16, 2026).
- Awards: 5,619 RSUs and 8,188 stock options; acquisition price reported as $0 (grant/award).
- Vesting (footnotes):
- RSUs: 100% vest on the earlier of June 5, 2027 or the business day prior to the 2027 annual meeting.
- Stock options: 100% vest on the earlier of June 5, 2027 or the business day prior to the 2027 annual meeting.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Timeliness: The Form 4 was filed 11 days after the transaction date; this is later than the typical two-business-day filing requirement for Form 4s.
Context
- These awards are compensation-style grants to a director (common for board pay) rather than purchases or sales. RSUs convert to common shares upon vesting; options give the holder the right to buy shares under the option terms (exercise price not shown in the provided summary).
- Such grants are routine corporate compensation and do not by themselves indicate a buy/sell decision by the insider.