---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-004146"
form_type: "8-K"
ticker: "NWBO"
cik: "0001072379"
company_name: "NORTHWEST BIOTHERAPEUTICS INC"
filed_at: "2026-01-15T23:59:59+00:00"
generated_at: "2026-05-16T10:03:58.818675+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# NWBO settles 2020 option litigation; insurer pays $2.25M, 17% options cancelled

## Summary
- Settlement agreement entered Dec 12, 2025 for litigation over 2020 option awards.
- Insurance carriers to pay $2.25 million to the company.
- 17% of challenged 2020 options will be cancelled.
- Plaintiff may seek up to $3.5M in attorney fees, paid separately by insurers.
- Court approval hearing set for 1:30 pm ET on March 16, 2026 in Delaware.

## SEC filing metadata
- accession: 0001104659-26-004146
- form_type: 8-K
- ticker: NWBO
- cik: 0001072379
- company_name: NORTHWEST BIOTHERAPEUTICS INC
- filed_at: 2026-01-15T23:59:59+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1072379/000110465926004146/0001104659-26-004146-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1072379/000110465926004146/tm263317d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-004146
- JSON: https://secwatch.observer/filing/0001104659-26-004146.json
- Plain text: https://secwatch.observer/filing/0001104659-26-004146.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.