Form 4: Black Diamond Therapeutics Director Prakash Raman Acquires and Disposes of Shares in Lieu of Cash Compensation

Director Prakash Raman acquired and disposed of 2,301 shares of Black Diamond Therapeutics common stock on June 21, 2024, as part of the company's non-employee director compensation policy.

Summary

• On June 21, 2024, Prakash Raman, a director of Black Diamond Therapeutics, Inc., engaged in transactions involving the company's common stock.
• Raman acquired 2,301 shares of common stock at a price of $4.98 per share.
• Simultaneously, Raman disposed of 2,301 shares.
• These transactions were conducted under the Issuer's Fifth Amended and Restated Non-Employee Director Compensation Policy.
• Raman elected to receive shares of the Issuer's common stock in lieu of cash compensation for annual services as a non-employee director of the Issuer.
• The price reported is based on the closing market price of Black Diamond Therapeutics' common stock on June 20, 2024.

Sentiment

Score: 6

Explanation: The document reflects routine director compensation activity, which is neutral to slightly positive as it aligns director interests with shareholders.

Positives

• The director's participation in the stock compensation plan aligns their interests with those of the shareholders.

Industry Context

Director stock compensation is a common practice in the biotech industry to align management interests with shareholder value.

Comparison to Industry Standards

• Many biotech companies use stock options and restricted stock units as part of their compensation packages for directors and executives.
• The specific terms of Black Diamond Therapeutics' non-employee director compensation policy would need to be compared to those of peer companies to assess its competitiveness.
• Companies like Relay Therapeutics and Blueprint Medicines also utilize equity-based compensation for their board members.

Stakeholder Impact

• The stock transactions have a minor impact on shareholders, reflecting standard director compensation practices.

Key Dates