Eli Casdin, a major owner of CM Life Sciences III Inc. and a director of the company, just received 101,010 options from the company. The strike price of the options received was $4.95, and these expire on September 30, 2032. Casdin now owns at least 101,010 options on the company.
Some additional info was provided as follows:
The shares underlying this option shall vest and become exercisable in full September 30, 2023, the one-year anniversary of the grant date, subject to the Reporting Person's continuous service on such vesting date, and subject to full acceleration upon the consummation of a Sale Event (as defined in the Issuer's 2021 Stock Option and Incentive Plan).
The above information was disclosed in a filing to th e SEC. To see the filing, click here.
To receive a free e-mail notification whenever CM Life Sciences III Inc. makes a similar move, sign up!
