other material
confidence high
sentiment neutral
materiality 0.50
Boundless Bio reprices options for execs to $3.56; CEO Hornby holds 1.15M repriced options
Boundless Bio, Inc.
- Exercise price reduced to $3.56 (Aug 19, 2024 close) for options originally priced at or above $3.71.
- Repriced options may only be exercised at the lower price if held through the Premium End Date (Aug 19, 2026, or earlier change in control or qualifying termination).
- CEO Zachary D. Hornby: 1,147,242 options repriced (original exercise range $4.10–$16.00).
- CMO Klaus Wagner: 316,893 options; CSO Chris Hassig: 292,821 options repriced.
- Repricing intended to retain key employees without incurring dilution from additional equity grants or cash compensation.