Cyclerion Therapeutics, Inc. insider just declared owning 9,294 shares of Cyclerion Therapeutics, Inc.

Cheryl Gault, an insider of Cyclerion Therapeutics, Inc., has just filed an initial statement of beneficial ownership where 9,294 shares of Cyclerion Therapeutics, Inc. were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Gault. Gault operates out of Cambridge, MA. Some additional info was provided as follows:


Includes 7,204 shares acquired under the Issuer's 2019 Employee Stock Purchase Plan.
Consists of shares underlying unvested restricted stock units ("RSUs"), each representing the right to receive one share of Common Stock, granted on April 1, 2019, and received as a result of the equitable adjustment of outstanding RSUs held prior to the spin-off of the Issuer from its pre decessor, effective April 1, 2019 (the "Separation") that will vest on November 18, 2021.
These stock options are fully exercisable and were granted by the Issuer's predecessor and were equitably adjusted into stock options of the Issuer pursuant to the Separation.
These stock options were issued under the Issuer's 2019 Equity Incentive Plan and are fully exercisable.
These stock options vest and become exercisable ratably on the thirteenth day of each month until and including February 13, 2021.
These stock options vest and become exercisable ratably on the fifteenth day of each month until and including December 15, 2021.
These stock options vest and become exercisable ratably on the first day of each month until and including January 1, 2022
These stock options vest and become exercisable ratably on the first day of each month until and including January 1, 2023.
These stock options vest and become exercisable ratably on the sixth day of each month until and including September 6, 2023.
These stock options vest and become exercisable upon the attainment of both performance-based and service-based hurdles, as follows: (i) 20% of the shares subject to the option, if the average closing price of the common stock reported by Nasdaq for any thirty (30) consecutive trading days equals or exceeds $10; plus an additional (ii) 40% of the shares, if the average closing price equals or exceeds $20; plus an additional (iii) 40% of the shares, if the average closing price equals or exceeds $30; in each case, subject to the continuous employment or service through the later of the date that the performance hurdles set forth above are attained (but no later than December 31, 2024) and December 31, 2021. To the extent unvested as of December 31, 2024, all of these performance-based options will be cancelled.
These stock options vest and becomes exercisable ratably on the fourth day of each month until and including November 4, 2024.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Current report, items 7.01 and 9.01 - Sept. 30, 2021

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