TRAX insider receives 136,000 shares in stock awards
By AlphaYouPublished Form 4
Faga Daniel
Reporting filer
Faga Daniel reported 136,000 shares of Common Stock (derivative) in First Tracks Biotherapeutics, Inc. as grants or awards dated 2026-11-01. The Form 4 was disclosed on Nov 3, 2026. These were stock awards, not open-market purchases.
- Disclosed
- Nov 3, 2026
Reported details
1 entry| Security | Owner | Date | Code | Action | Quantity | Price | Following holdings | Reporting delay | Filed terms and references |
|---|---|---|---|---|---|---|---|---|---|
| Common Stock (derivative) | Faga Daniel | 2026-11-01 | A | Grant or award | 136000 | 0 | 136,000 | 2 days | Filed terms
|
Common Stock (derivative)
- Owner
- Faga Daniel
- Date
- 2026-11-01
- Code
- A
- Action
- Grant or award
- Quantity
- 136000
- Price
- 0
- Following holdings
- 136,000
- Reporting delay
- 2 days
- Filed terms and references
Filed terms
- security Title: Common Stock
- id: F1
- transaction Date: 2026-11-01
- transaction Form Type: 4
- transaction Code: A
- equity Swap Involved: 0
- transaction Shares: 136000
- transaction Price Per Share: 0
- transaction Acquired Disposed Code: A
- id: F2
- id: F3
- id: F2
- id: F3
- underlying Security Title: Common Stock
- underlying Security Shares: 136000
- shares Owned Following Transaction: 136000
- direct Or Indirect Ownership: D
- nature Of Ownership:
Purchases, sales, grants and option exercises are different transactions. The reported code identifies the action; it does not establish a motive.
Filing context
- Quantities and prices are shown in the units filed. No trade value is inferred from their product.
- Faga Daniel: President, CEO, Director.
- F1: Each performance stock unit ("PSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- F2: Shares earned upon the vesting of a percentage of the PSUs granted to the Reporting Person on November 1, 2026. Each PSU represents a contingent right to receive one share of Issuer common stock upon the Issuer's achievement of certain share price metrics ("Performance Metrics"). Once an applicable Performance Metric has been met, the PSUs subject to such Performance Metric (an "Achieved PSU") shall vest as follows: 50% of the Achieved PSUs for each satisfied tranche shall vest on the one-year anniversary of the Certification Date of the achievement of the applicable Performance Metric, and the remaining 50% of the Achieved PSUs shall vest on the two-year anniversary of the applicable Certification Date.
- F3: (cont'd from Footnote 2) Notwithstanding the foregoing, all Achieved PSUs that have not previously vested pursuant to the vesting schedule will vest on December 15, 2030 (or, if a Share Price Target is achieved on December 15, 2030, vesting will occur on its Certification Date), subject to the Reporting Person's service to the Issue on each vesting date.
Original sources
Prepared automatically from public filing data. Report a correction.