Binder Gwendolyn 4
4 · Instil Bio, Inc. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Instil Bio (TIL) Director Gwendolyn Binder Receives Stock Award
What Happened
Gwendolyn Binder, a director of Instil Bio, was granted a 6,500-share equity award (reported as a derivative option) on 2026-06-11. The acquisition price is reported as $0. This is a grant of an award rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-11; Form 4 filed 2026-06-12 (timely filing).
- Transaction type/code: A (award/grant of a derivative instrument).
- Shares/units granted: 6,500 shares (derivative option); acquisition price reported as $0.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: The option vests in 12 substantially equal monthly installments beginning July 11, 2026, subject to Continuous Service. Any portion unvested by the next annual meeting will vest in full (subject to service). The option also vests in full upon death, Disability, or a Change in Control.
Context
This was a compensation equity grant to a director, which is common and intended for retention/incentive. Such awards are different from open-market buys (which some investors view as a stronger positive signal) and do not reflect an immediate cash investment by the insider.
Insider Transaction Report
Form 4
Binder Gwendolyn
Director
Transactions
- Award
Stock Option (Right to Buy)
[F1]2026-06-11+6,500→ 6,500 totalExercise: $7.93Exp: 2036-06-10→ Common Stock (6,500 underlying)
Footnotes (1)
- [F1]The option will vest in 12 substantially equal monthly installments commencing on July 11, 2026, subject to the Reporting Person's Continuous Service (as defined in the company's 2021 Equity Incentive Plan, the "Plan") through the vesting dates. Any portion of the option not vested on the date of the next annual stockholder meeting will vest in full, subject to the Reporting Person's Continuous Service through such date. The option will also vest in full in the event of the Reporting Person's death, Disability (as defined in the Plan) or upon a Change in Control (as defined in the Plan).
Signature
/s/ Sandeep Laumas, M.D. Attorney-in-Fact for Gwendolyn Binder|2026-06-12