{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-188097","form_type":"8-K","ticker":"PHAT","cik":"0001783183","company_name":"Phathom Pharmaceuticals, Inc.","filed_at":"2023-07-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.215716+00:00","generated_at":"2026-06-13T07:49:09.971761+00:00","sec_items":["5.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Phathom completes stock option exchange; 99.2% of eligible options surrendered for RSUs","bullets":["2,406,622 options surrendered (~99.2% of eligible) for 1,203,341 new RSUs at 2-for-1 ratio.","Terrie Curran exchanged 400,000 options for 200,000 RSUs; Azmi Nabulsi exchanged 220,000 for 110,000 RSUs.","New RSUs vest in three equal annual installments; program expired July 14, 2023.","Options were deeply underwater; exchange intended to retain employees and align incentives."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-188097","json":"https://secwatch.observer/filing/0001193125-23-188097.json","markdown":"https://secwatch.observer/filing/0001193125-23-188097.md","text":"https://secwatch.observer/filing/0001193125-23-188097.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1783183/000119312523188097/0001193125-23-188097-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1783183/000119312523188097/d513142d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T07:49:09.971761+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}