secwatch.observer — SEC 8-K summary
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Issuer:     Cabaletta Bio, Inc. (CABA)
CIK:        0001759138
Form:       8-K
Filed at:   2025-05-19T23:59:59+00:00
Accession:  0000950170-25-074589
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Cabaletta Bio reprices underwater employee stock options to $1.92 per share
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- Repricing effective May 19, 2025; applies to options with exercise price >1.5x May 19 closing price.
- New exercise price set at $1.92; repriced options subject to a one-year retention period.
- Approximately 75% of employee/director/consultant stock options were underwater before repricing.
- Eligible participants include CEO Steven Nichtberger, CFO Anup Marda, and other executives/directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759138/000095017025074589/0000950170-25-074589-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759138/000095017025074589/caba-20250515.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-074589

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer