Form 4: MAIA Biotechnology CEO Vlad Vitoc Transfers Stock Options to Irrevocable Trusts for Children
SEC Form 4
Vlad Vitoc, CEO of MAIA Biotechnology, gifted stock options to irrevocable trusts for the benefit of his children, disclaiming beneficial ownership except for his pecuniary interest.
Summary
- On November 5, 2024, Vlad Vitoc, CEO of MAIA Biotechnology, Inc., reported gifting stock options to several irrevocable trusts for the benefit of his children.
- The transactions involved options granted under the company's 2018 and 2021 Stock Option Plans.
- The options transferred had exercise prices of $1.8 and $2.5.
- Mr. Vitoc disclaims beneficial ownership of the securities held by these trusts, except to the extent of his pecuniary interest.
- The trusts include the Leia Violeta Ioana Vitoc 2022 MAIA Irrevocable Trust, the Lidia Maria Vitoc 2024 MAIA Irrevocable Trust, and the Maia Laetitia Cristian Vitoc 2022 MAIA Irrevocable Trust.
- The options fully vested on April 30, 2020, or May 31, 2023, and expire on April 1, 2030, or May 30/31, 2033.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock option transfers. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and provides transparency regarding the holdings of company executives. It is common for executives to use trusts for estate planning purposes.
Key Dates
| Date | Description |
|---|---|
| 04/30/2020 | Options granted under the 2018 Stock Option Plan fully vested. |
| 05/31/2023 | Options granted under the 2021 Stock Option Plan fully vested. |
| 11/05/2024 | Date of the stock option gifts to irrevocable trusts. |
| 11/06/2024 | Date of signature on the Form 4 filing. |
| 04/01/2030 | Expiration date for some of the gifted stock options. |
| 05/30/2033 | Expiration date for some of the gifted stock options. |
| 05/31/2033 | Expiration date for some of the gifted stock options. |
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