Form 4: Annexon Director Jung Choi Acquires 44,000 Stock Options
SEC Form 4 Filing
Director Jung Choi acquired 44,000 stock options in Annexon, Inc. on June 5, 2024.
Summary
- On June 5, 2024, Jung Choi, a director of Annexon, Inc., acquired 44,000 stock options.
- The exercise price of these options is $6.79.
- The options vest on the earlier of June 5, 2025, or the next Annual Meeting following June 5, 2024, contingent upon continuous service as a director.
- The options expire on June 5, 2034.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock option grants, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock option grants to a company director, which is a common practice in publicly traded companies to incentivize and align the interests of directors with those of shareholders.
Stakeholder Impact
- The granting of stock options aligns the director's interests with those of the shareholders, incentivizing them to work towards increasing the company's value.
Key Dates
| Date | Description |
|---|---|
| 06/05/2024 | Date of transaction: Jung Choi acquired 44,000 stock options. |
| 06/05/2024 | Date the options vest: earlier of June 5, 2025, or the next Annual Meeting following June 5, 2024. |
| 06/05/2034 | Expiration date of the stock options. |
| 06/07/2024 | Date of signature by Attorney-in-Fact. |
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