4//SEC Filing
Merendino Lauren 4
Accession 0001855298-25-000005
CIK 0001845337other
Filed
Nov 6, 7:00 PM ET
Accepted
Nov 7, 5:58 PM ET
Size
18.5 KB
Accession
0001855298-25-000005
Insider Transaction Report
Form 4
Merendino Lauren
Chief Commercial Officer
Transactions
- Disposition to Issuer
Stock Option (right to buy Common Stock)
2025-11-06−330,200→ 0 totalExercise: $12.54Exp: 2033-06-11→ Common Stock (330,200 underlying) - Award
Stock Option (right to buy Common Stock)
2025-11-06+330,200→ 330,200 totalExercise: $8.99Exp: 2033-06-11→ Common Stock (330,200 underlying) - Disposition to Issuer
Stock Option (right to buy Common Stock)
2025-11-06−90,000→ 0 totalExercise: $14.44Exp: 2034-01-04→ Common Stock (90,000 underlying) - Award
Stock Option (right to buy Common Stock)
2025-11-06+90,000→ 90,000 totalExercise: $8.99Exp: 2034-01-04→ Common Stock (90,000 underlying) - Disposition to Issuer
Stock Option (right to buy Common Stock)
2025-11-06−90,000→ 0 totalExercise: $11.87Exp: 2035-01-14→ Common Stock (90,000 underlying) - Award
Stock Option (right to buy Common Stock)
2025-11-06+90,000→ 90,000 totalExercise: $8.99Exp: 2035-01-14→ Common Stock (90,000 underlying)
Footnotes (5)
- [F1]On October 7, 2025, the Issuer's Board of Directors approved an option repricing (the "Repricing") whereby the Reporting Person's options were repriced on November 6, 2025 (the "Effective Date") with a new exercise price of $8.99 (if lower than the original exercise price), the closing price on Nasdaq as of the Effective Date. In order to exercise the repriced options at the new exercise price, the Reporting Person is required to remain in service with the Issuer through the Retention Period; provided that the additional premium payment will not be required if the Reporting Person's service to the Issuer is terminated by reason of death or Disability (as defined in the Company's 2021 Equity Incentive Plan ("the Plan")).
- [F2](Continued from Footnote 1) The "Retention Period" commenced on the Effective Date and ends upon the earliest of (i) the 12-month anniversary of the Effective Date and (ii) a Corporate Transaction (as defined in the Plan). All of the other terms of the options remain unchanged. Such transactions were exempt pursuant to Rule 16b-6(d) and Rule 16b-3 of the Exchange Act, as applicable.
- [F3]The option vests as to 25% of the total shares on June 12, 2024 and then 2.0833% of the total shares vest monthly thereafter, with 100% of the total shares vested on June 12, 2027, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
- [F4]The option vests as to 1/48th of the total shares monthly, commencing February 5, 2024, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
- [F5]The option vests as to 1/48th of the total shares monthly, commencing February 15, 2025, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
Documents
Issuer
Day One Biopharmaceuticals, Inc.
CIK 0001845337
Entity typeother
Related Parties
1- filerCIK 0001855298
Filing Metadata
- Form type
- 4
- Filed
- Nov 6, 7:00 PM ET
- Accepted
- Nov 7, 5:58 PM ET
- Size
- 18.5 KB