Form 4: BiomX Inc. Director Obtains Stock Options Through Deerfield Management
SEC Form 4
James E. Flynn, a director by deputization of BiomX Inc., reports the acquisition of stock options through Deerfield Management Company, L.P.
Summary
- James E. Flynn, a director by deputization of BiomX Inc., filed a Form 4 indicating changes in beneficial ownership.
- The report details the acquisition of 17,600 stock options with an exercise price of $0.538 on April 14, 2025.
- These options vest over four years, starting with 25% vesting on April 14, 2026, and the remainder vesting in equal quarterly installments over three years.
- The options are held indirectly through Deerfield Management Company, L.P.
- Jonathan S. Leff, a partner in Deerfield Management Company, L.P., serves as a director of BiomX Inc., and the options are granted to him but held for the benefit of Deerfield Management.
- Deerfield Management Company, L.P. is jointly filing the Form 4 with James E. Flynn.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to insider transactions, common in the biotechnology industry where stock options are frequently used as part of compensation packages.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Filing of Form 3 with regard to BiomX Inc. by Deerfield Private Design Fund V, L.P., Deerfield Healthcare Innovations Fund II, L.P., Deerfield Mgmt V, L.P., Deerfield Mgmt HIF II, L.P., Deerfield Management Company, L.P. and James E. Flynn. |
| 04/14/2025 | Date of transaction: Acquisition of stock options. |
| 04/14/2026 | First vesting date for 25% of the stock options. |
| 04/18/2025 | Date of Form 4 signature. |
| 04/14/2035 | Expiration date of the stock options. |
Keywords
Form 4, BiomX Inc., Deerfield Management, Stock Options, Beneficial Ownership, Director, PHGE
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