SLNO · Soleno Therapeutics Inc
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 3, 4 and 5. Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2026-05-18 | Yen Kristen |
SEE REMARKS |
Other↓
Filing footnotes — Common Stock (Direct)
Certain of these shares are represented by previously reported restricted stock units ("RSUs"). Pursuant to the Agreement and Plan of Merger, dated as of April 5, 2026, by and among Soleno Therapeutics, Inc. (the "Company"), Neocrine Biosciences, Inc. ("Parent") and Sigma Merger Sub, Inc. ("Merger Sub"), on May 18, 2026, Merger Sub merged with and into the Company (the "Merger"), with the Company continuing as the surviving corporation and a wholly owned subsidiary of Parent. In connection with the Merger, each issued and outstanding vested and unvested RSU was cancelled and converted into the right to receive an amount equal to $53.00 in cash (the "Merger Consideration"). In connection with the Merger, each issued and outstanding share of the Company's Common Stock was cancelled and converted into the right to receive an amount in cash equal to the Merger Consideration. |
Common Stock
|
37,639 |
| 2026-05-18 | Anish Bhatnagar |
Director, CHIEF EXECUTIVE OFFICER |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
23,332 |
| 2026-05-18 | Norrett Kevin |
Chief Business Officer |
Other↓
Filing footnotes — Common Stock (Direct)
These shares are represented by previously reported restricted stock units ("RSUs"). Pursuant to the Agreement and Plan of Merger, dated as of April 5, 2026, by and among Soleno Therapeutics, Inc. (the "Company"), Neocrine Biosciences, Inc. ("Parent") and Sigma Merger Sub, Inc. ("Merger Sub"), on May 18, 2026, Merger Sub merged with and into the Company (the "Merger"), with the Company continuing as the surviving corporation and a wholly owned subsidiary of Parent. In connection with the Merger, each issued and outstanding vested and unvested RSU was cancelled and converted into the right to receive an amount equal to $53.00 in cash (the "Merger Consideration"). In connection with the Merger, each issued and outstanding share of the Company's Common Stock was cancelled and converted into the right to receive an amount in cash equal to the Merger Consideration. |
Common Stock
|
17,786 |
| 2026-05-18 | Anish Bhatnagar |
Director, CHIEF EXECUTIVE OFFICER |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
8,473 |
| 2026-05-18 | Volck Birgitte |
Director |
Other↓
Filing footnotes — Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Stock Option (Right to buy)
|
2,666 |
| 2026-05-18 | Manning Meredith |
Chief Commercial Officer |
Other↓
Filing footnotes — Common Stock (Direct)
Certain of these shares are represented by previously reported restricted stock units ("RSUs"). Pursuant to the Agreement and Plan of Merger, dated as of April 5, 2026, by and among Soleno Therapeutics, Inc. (the "Company"), Neocrine Biosciences, Inc. ("Parent") and Sigma Merger Sub, Inc. ("Merger Sub"), on May 18, 2026, Merger Sub merged with and into the Company (the "Merger"), with the Company continuing as the surviving corporation and a wholly owned subsidiary of Parent. In connection with the Merger, each issued and outstanding vested and unvested RSU was cancelled and converted into the right to receive an amount equal to $53.00 in cash (the "Merger Consideration"). In connection with the Merger, each issued and outstanding share of the Company's Common Stock was cancelled and converted into the right to receive an amount in cash equal to the Merger Consideration. |
Common Stock
|
64,507 |
| 2026-05-18 | Yen Kristen |
SEE REMARKS |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
16,000 |
| 2026-05-18 | Hirano Patricia C |
SEE REMARKS |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
11,667 |
| 2026-05-18 | Yen Kristen |
SEE REMARKS |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
11,900 |
| 2026-05-18 | Manning Meredith |
Chief Commercial Officer |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
32,800 |
| 2026-05-18 | Sinclair Andrew |
Director |
Other↓
Filing footnotes — Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Stock Option (Right to buy)
|
635 |
| 2026-05-18 | Joshi Manher |
Chief Development Officer |
Other↓
Filing footnotes — Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Stock Option (Right to buy)
|
72,321 |
| 2026-05-18 | Hirano Patricia C |
SEE REMARKS |
Other↓
Filing footnotes — Warrant (Right to buy) (Direct)
At the effective time of the Merger, this warrant was cancelled in exchange for a cash payment equal to (i) the product of 1,333 warrant shares multiplied by the Merger Consideration minus (ii) the $4.50 per share exercise price of the warrant. |
Warrant (Right to buy)
|
1,333 |
| 2026-05-18 | Pauls Matthew |
Director |
Other↓
Filing footnotes — Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Stock Option (Right to buy)
|
9,063 |
| 2026-05-18 | Yen Kristen |
SEE REMARKS |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
11,667 |
| 2026-05-18 | Manning Meredith |
Chief Commercial Officer |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
29,200 |
| 2026-05-18 | Yen Kristen |
SEE REMARKS |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
666 |
| 2026-05-18 | Anish Bhatnagar |
Director, CHIEF EXECUTIVE OFFICER |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
35,000 |
| 2026-05-18 | Anish Bhatnagar |
Director, CHIEF EXECUTIVE OFFICER |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
131,400 |
| 2026-05-18 | Huang Michael F. |
Sr. VP of Clinical Development |
Other↓
Filing footnotes — Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Stock Option (Right to buy)
|
13,800 |
| 2026-05-18 | Hirano Patricia C |
SEE REMARKS |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
13,800 |
| 2026-05-18 | Anish Bhatnagar |
Director, CHIEF EXECUTIVE OFFICER |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
60 |
| 2026-05-18 | Pauls Matthew |
Director |
Other↓
Filing footnotes — Common Stock (Direct)
Certain of these shares are represented by previously reported restricted stock units ("RSUs"). Pursuant to the Agreement and Plan of Merger, dated as of April 5, 2026, by and among Soleno Therapeutics, Inc. (the "Company"), Neocrine Biosciences, Inc. ("Parent") and Sigma Merger Sub, Inc. ("Merger Sub"), on May 18, 2026, Merger Sub merged with and into the Company (the "Merger"), with the Company continuing as the surviving corporation and a wholly owned subsidiary of Parent. In connection with the Merger, each issued and outstanding vested and unvested RSU was cancelled and converted into the right to receive an amount equal to $53.00 in cash (the "Merger Consideration"). In connection with the Merger, each issued and outstanding share of the Company's Common Stock was cancelled and converted into the right to receive an amount in cash equal to the Merger Consideration. |
Common Stock
|
10,491 |
| 2026-05-18 | Sinclair Andrew |
Director |
Other↓
Filing footnotes — Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Stock Option (Right to buy)
|
2,124 |
| 2026-05-18 | Volck Birgitte |
Director |
Other↓
Filing footnotes — Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Stock Option (Right to buy)
|
2,666 |
| 2026-05-18 | Volck Birgitte |
Director |
Other↓
Filing footnotes — Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Stock Option (Right to buy)
|
635 |
| 2026-05-18 | Bir Dawn Carter |
Director |
Other↓
Filing footnotes — Common Stock (Direct)
Certain of these shares are represented by previously reported restricted stock units ("RSUs"). Pursuant to the Agreement and Plan of Merger, dated as of April 5, 2026, by and among Soleno Therapeutics, Inc. (the "Company"), Neocrine Biosciences, Inc. ("Parent") and Sigma Merger Sub, Inc. ("Merger Sub"), on May 18, 2026, Merger Sub merged with and into the Company (the "Merger"), with the Company continuing as the surviving corporation and a wholly owned subsidiary of Parent. In connection with the Merger, each issued and outstanding vested and unvested RSU was cancelled and converted into the right to receive an amount equal to $53.00 in cash (the "Merger Consideration"). In connection with the Merger, each issued and outstanding share of the Company's Common Stock was cancelled and converted into the right to receive an amount in cash equal to the Merger Consideration. |
Common Stock
|
16,991 |
| 2026-05-18 | Hirano Patricia C |
SEE REMARKS |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
2,445 |
| 2026-05-18 | Anish Bhatnagar |
Director, CHIEF EXECUTIVE OFFICER |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
100,000 |
| 2026-05-18 | Volck Birgitte |
Director |
Other↓
Filing footnotes — Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Stock Option (Right to buy)
|
1,333 |
| 2026-05-18 | Anish Bhatnagar |
Director, CHIEF EXECUTIVE OFFICER |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
22,452 |
| 2026-05-18 | Yen Kristen |
SEE REMARKS |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
13,800 |
| 2026-05-18 | Yen Kristen |
SEE REMARKS |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
4,000 |
| 2026-05-18 | Huang Michael F. |
Sr. VP of Clinical Development |
Other↓
Filing footnotes — Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Stock Option (Right to buy)
|
11,900 |
| 2026-05-18 | Sinclair Andrew |
Director |
Other↓
Filing footnotes — Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Stock Option (Right to buy)
|
2,666 |
| 2026-05-18 | Joshi Manher |
Chief Development Officer |
Other↓
Filing footnotes — Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Stock Option (Right to buy)
|
4,700 |
| 2026-05-18 | Yen Kristen |
SEE REMARKS |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
55,392 |
| 2026-05-18 | Huang Michael F. |
Sr. VP of Clinical Development |
Other↓
Filing footnotes — Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Stock Option (Right to buy)
|
110,000 |
| 2026-05-18 | Yen Kristen |
SEE REMARKS |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
18,800 |
| 2026-05-18 | Hirano Patricia C |
SEE REMARKS |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
49,262 |
| 2026-05-18 | Manning Meredith |
Chief Commercial Officer |
Other↓
Filing footnotes — Employee stock option (right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee stock option (right to buy)
|
91,000 |
| 2026-05-18 | Yen Kristen |
SEE REMARKS |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
1,741 |
| 2026-05-18 | Anish Bhatnagar |
Director, CHIEF EXECUTIVE OFFICER |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
73,333 |
| 2026-05-18 | Volck Birgitte |
Director |
Other↓
Filing footnotes — Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Stock Option (Right to buy)
|
2,124 |
| 2026-05-18 | Norrett Kevin |
Chief Business Officer |
Other↓
Filing footnotes — Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Stock Option (Right to buy)
|
4,000 |
| 2026-05-18 | Volck Birgitte |
Director |
Other↓
Filing footnotes — Common Stock (Direct)
Certain of these shares are represented by previously reported restricted stock units ("RSUs"). Pursuant to the Agreement and Plan of Merger, dated as of April 5, 2026, by and among Soleno Therapeutics, Inc. (the "Company"), Neocrine Biosciences, Inc. ("Parent") and Sigma Merger Sub, Inc. ("Merger Sub"), on May 18, 2026, Merger Sub merged with and into the Company (the "Merger"), with the Company continuing as the surviving corporation and a wholly owned subsidiary of Parent. In connection with the Merger, each issued and outstanding vested and unvested RSU was cancelled and converted into the right to receive an amount equal to $53.00 in cash (the "Merger Consideration"). In connection with the Merger, each issued and outstanding share of the Company's Common Stock was cancelled and converted into the right to receive an amount in cash equal to the Merger Consideration. |
Common Stock
|
17,536 |
| 2026-05-18 | Anish Bhatnagar |
Director, CHIEF EXECUTIVE OFFICER |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
200,753 |
| 2026-05-18 | Sinclair Andrew |
Director |
Other↓
Filing footnotes — Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Stock Option (Right to buy)
|
10,000 |
| 2026-05-18 | Yen Kristen |
SEE REMARKS |
Other↓
Filing footnotes — Employee Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Employee Stock Option (Right to buy)
|
2,445 |
| 2026-05-18 | Sinclair Andrew |
Director |
Other↓
Filing footnotes — Stock Option (Right to buy) (Direct)
At the effective time of the Merger, this option was cancelled in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of shares covered by the option as of immediately prior to such cancellation. |
Stock Option (Right to buy)
|
2,666 |