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[Form 4] CARGO Therapeutics, Inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

CARGO Therapeutics, Inc. (CRGX) â€� Form 4 filing dated 20 June 2025

The filing discloses that non-employee director David Charles Lubner received a routine equity incentive on 18 June 2025: a stock option for 25,000 shares of common stock with an exercise price of $4.35 and an expiration date of 17 June 2035. All 25,000 options will vest 100 % on the earlier of (i) the one-year anniversary of the grant date or (ii) the company’s next annual meeting, conditional upon the director’s continued service. Following this grant, Mr. Lubner beneficially owns 25,000 derivative securities, held directly. No open-market purchases, sales, or changes to non-derivative share ownership were reported.

Because the filing represents a standard board option grant, it does not alter the company’s capital structure or signal insider buying or selling of common shares. The information is therefore operationally routine and financially immaterial for most investors, though it demonstrates continued alignment of director incentives with shareholder value.

CARGO Therapeutics, Inc. (CRGX) � Comunicazione Form 4 del 20 giugno 2025

La comunicazione rivela che il direttore non dipendente David Charles Lubner ha ricevuto un incentivo azionario ordinario il 18 giugno 2025: un opzione su 25.000 azioni ordinarie con un prezzo di esercizio di 4,35 $ e scadenza il 17 giugno 2035. Tutte le 25.000 opzioni matureranno al 100% alla prima tra (i) il primo anniversario della data di concessione o (ii) la prossima assemblea annuale della società, a condizione che il direttore continui il suo servizio. Dopo questa assegnazione, il Sig. Lubner detiene direttamente 25.000 titoli derivati. Non sono state segnalate operazioni di acquisto o vendita sul mercato aperto né variazioni nella proprietà di azioni non derivate.

Poiché la comunicazione riguarda una concessione standard di opzioni del consiglio, non modifica la struttura del capitale della società né indica acquisti o vendite da parte di insider di azioni ordinarie. L'informazione è quindi operativamente routine e finanziariamente irrilevante per la maggior parte degli investitori, pur dimostrando un continuo allineamento degli incentivi dei direttori con il valore per gli azionisti.

CARGO Therapeutics, Inc. (CRGX) � Presentación Formulario 4 fechada el 20 de junio de 2025

La presentación revela que el director externo David Charles Lubner recibió un incentivo de capital rutinario el 18 de junio de 2025: una opción sobre 25,000 acciones ordinarias con un precio de ejercicio de $4.35 y fecha de vencimiento el 17 de junio de 2035. Las 25,000 opciones se consolidarán al 100% en la fecha que ocurra primero entre (i) el primer aniversario de la concesión o (ii) la próxima junta anual de la empresa, condicionado a que el director continúe en su cargo. Tras esta concesión, el Sr. Lubner posee directamente 25,000 valores derivados. No se reportaron compras o ventas en el mercado abierto ni cambios en la propiedad de acciones no derivadas.

Dado que la presentación representa una concesión estándar de opciones del consejo, no altera la estructura de capital de la empresa ni indica compras o ventas internas de acciones ordinarias. Por lo tanto, la información es operativamente rutinaria y financieramente irrelevante para la mayoría de los inversores, aunque demuestra la continua alineación de los incentivos de los directores con el valor para los accionistas.

CARGO Therapeutics, Inc. (CRGX) â€� 2025ë…� 6ì›� 20ì¼ìž Form 4 제출

해당 제출서류ì—� 따르ë©� 비임ì›� ì´ì‚¬ David Charles Lubnerê°€ 2025ë…� 6ì›� 18ì¼ì— 정기 ì£¼ì‹ ì¸ì„¼í‹°ë¸Œë¥� 받았습니ë‹�: 보통ì£� 25,000ì£¼ì— ëŒ€í•� 스톡옵션으로 í–‰ì‚¬ê°€ê²©ì€ $4.35, 만료ì¼ì€ 2035ë…� 6ì›� 17ì¼ìž…니다. 모든 25,000 ì˜µì…˜ì€ (i) 부여ì¼ë¡œë¶€í„� 1주년 ë˜ëŠ” (ii) 회사ì� ë‹¤ìŒ ì—°ë¡€ 주주ì´íšŒ ì¤� 빠른 시ì ì—� 100% 베스팅ë˜ë©�, ì´ì‚¬ì� ê³„ì† ê·¼ë¬´ê°€ 조건입니ë‹�. ì´ë²ˆ ë¶€ì—� í›� Lubner ì´ì‚¬ëŠ� ì§ì ‘ì ìœ¼ë¡� 25,000ê°œì˜ íŒŒìƒ ì¦ê¶Œì� 보유하고 있습니다. 공개 시장ì—서ì� 매수, ë§¤ë„ ë˜ëŠ” 비파ìƒ� ì£¼ì‹ ì†Œìœ ê¶� ë³€ê²½ì€ ë³´ê³ ë˜ì§€ 않았습니ë‹�.

ì� ì œì¶œì€ ì´ì‚¬íš� 표준 옵션 ë¶€ì—¬ì— í•´ë‹¹í•˜ë¯€ë¡� 회사ì� ìžë³¸ 구조ë¥� 변경하지 않으ë©� ë‚´ë¶€ìž� 보통ì£� 매매 신호ë� 아닙니다. ë”°ë¼ì„� ì� ì •ë³´ëŠ� 대부ë¶� 투ìžìžì—ê²� ìš´ì˜ìƒìœ¼ë¡� ì¼ìƒì ì´ë©� 재무ì ìœ¼ë¡� 중요하지 ì•Šì€ ë‚´ìš©ì´ì§€ë§�, ì´ì‚¬ ì¸ì„¼í‹°ë¸Œê°€ 주주 가치와 ì§€ì†ì ìœ¼ë¡œ ì¼ì¹˜í•¨ì„ ë³´ì—¬ì¤ë‹ˆë‹�.

CARGO Therapeutics, Inc. (CRGX) � Dépôt du Formulaire 4 en date du 20 juin 2025

Le dépôt révèle que le directeur non salarié David Charles Lubner a reçu une incitation en actions de routine le 18 juin 2025 : une option d'achat de 25 000 actions ordinaires au prix d'exercice de 4,35 $ et une date d'expiration au 17 juin 2035. Les 25 000 options seront entièrement acquises au premier des deux événements suivants : (i) le premier anniversaire de la date d'attribution ou (ii) la prochaine assemblée générale annuelle de la société, sous réserve de la poursuite du service du directeur. Suite à cette attribution, M. Lubner détient directement 25 000 titres dérivés. Aucun achat, vente ou modification de la détention d'actions non dérivées sur le marché ouvert n'a été signalé.

Étant donné qu'il s'agit d'une attribution d'options standard du conseil d'administration, ce dépôt ne modifie pas la structure du capital de la société ni ne signale d'achat ou de vente d'actions ordinaires par des initiés. L'information est donc opérationnellement courante et financièrement non significative pour la plupart des investisseurs, tout en démontrant l'alignement continu des incitations des administrateurs avec la valeur pour les actionnaires.

CARGO Therapeutics, Inc. (CRGX) � Form 4 Einreichung vom 20. Juni 2025

Die Einreichung zeigt, dass der nicht-geschäftsführende Direktor David Charles Lubner am 18. Juni 2025 eine routinemäßige Aktienanreizgewährung erhielt: eine Optionszusage über 25.000 Stammaktien mit einem Ausübungspreis von 4,35 $ und einem Verfallsdatum am 17. Juni 2035. Alle 25.000 Optionen werden zu 100 % zum früheren Zeitpunkt von (i) dem einjährigen Jahrestag des Gewährungsdatums oder (ii) der nächsten Hauptversammlung des Unternehmens fällig, vorausgesetzt, der Direktor bleibt im Amt. Nach dieser Gewährung besitzt Herr Lubner direkt 25.000 derivativen Wertpapiere. Es wurden keine Käufe oder Verkäufe am offenen Markt oder Änderungen im Besitz nicht-derivativer Aktien gemeldet.

Da es sich um eine standardmäßige Optionsgewährung des Vorstands handelt, ändert die Einreichung nicht die Kapitalstruktur des Unternehmens und signalisiert keinen Insider-Kauf oder -Verkauf von Stammaktien. Die Information ist daher für die meisten Investoren betrieblich routinemäßig und finanziell unerheblich, zeigt jedoch weiterhin die Ausrichtung der Anreize der Direktoren am Aktionärswert.

Positive
  • Director incentive alignment: the at-the-money option grant links compensation directly to future share performance, supporting shareholder alignment.
Negative
  • None.

Insights

TL;DR: Routine 25k-share option grant to CRGX director; neutral impact.

The transaction is a standard onboarding/annual equity award for an outside director. At $4.35 strike (roughly market price), the option is at-the-money, conveying upside only if CRGX appreciates. Vesting over one year or at the next AGM is consistent with prevailing governance norms and introduces no unusual acceleration clauses. No cash outflow, dilution is de minimis (â‰�0.06 % of basic shares assuming ~40 m shares outstanding). Absence of open-market buying or selling means the filing offers limited signal about insider sentiment. Overall, investors should view this as routine incentive alignment rather than a catalyst.

CARGO Therapeutics, Inc. (CRGX) � Comunicazione Form 4 del 20 giugno 2025

La comunicazione rivela che il direttore non dipendente David Charles Lubner ha ricevuto un incentivo azionario ordinario il 18 giugno 2025: un opzione su 25.000 azioni ordinarie con un prezzo di esercizio di 4,35 $ e scadenza il 17 giugno 2035. Tutte le 25.000 opzioni matureranno al 100% alla prima tra (i) il primo anniversario della data di concessione o (ii) la prossima assemblea annuale della società, a condizione che il direttore continui il suo servizio. Dopo questa assegnazione, il Sig. Lubner detiene direttamente 25.000 titoli derivati. Non sono state segnalate operazioni di acquisto o vendita sul mercato aperto né variazioni nella proprietà di azioni non derivate.

Poiché la comunicazione riguarda una concessione standard di opzioni del consiglio, non modifica la struttura del capitale della società né indica acquisti o vendite da parte di insider di azioni ordinarie. L'informazione è quindi operativamente routine e finanziariamente irrilevante per la maggior parte degli investitori, pur dimostrando un continuo allineamento degli incentivi dei direttori con il valore per gli azionisti.

CARGO Therapeutics, Inc. (CRGX) � Presentación Formulario 4 fechada el 20 de junio de 2025

La presentación revela que el director externo David Charles Lubner recibió un incentivo de capital rutinario el 18 de junio de 2025: una opción sobre 25,000 acciones ordinarias con un precio de ejercicio de $4.35 y fecha de vencimiento el 17 de junio de 2035. Las 25,000 opciones se consolidarán al 100% en la fecha que ocurra primero entre (i) el primer aniversario de la concesión o (ii) la próxima junta anual de la empresa, condicionado a que el director continúe en su cargo. Tras esta concesión, el Sr. Lubner posee directamente 25,000 valores derivados. No se reportaron compras o ventas en el mercado abierto ni cambios en la propiedad de acciones no derivadas.

Dado que la presentación representa una concesión estándar de opciones del consejo, no altera la estructura de capital de la empresa ni indica compras o ventas internas de acciones ordinarias. Por lo tanto, la información es operativamente rutinaria y financieramente irrelevante para la mayoría de los inversores, aunque demuestra la continua alineación de los incentivos de los directores con el valor para los accionistas.

CARGO Therapeutics, Inc. (CRGX) â€� 2025ë…� 6ì›� 20ì¼ìž Form 4 제출

해당 제출서류ì—� 따르ë©� 비임ì›� ì´ì‚¬ David Charles Lubnerê°€ 2025ë…� 6ì›� 18ì¼ì— 정기 ì£¼ì‹ ì¸ì„¼í‹°ë¸Œë¥� 받았습니ë‹�: 보통ì£� 25,000ì£¼ì— ëŒ€í•� 스톡옵션으로 í–‰ì‚¬ê°€ê²©ì€ $4.35, 만료ì¼ì€ 2035ë…� 6ì›� 17ì¼ìž…니다. 모든 25,000 ì˜µì…˜ì€ (i) 부여ì¼ë¡œë¶€í„� 1주년 ë˜ëŠ” (ii) 회사ì� ë‹¤ìŒ ì—°ë¡€ 주주ì´íšŒ ì¤� 빠른 시ì ì—� 100% 베스팅ë˜ë©�, ì´ì‚¬ì� ê³„ì† ê·¼ë¬´ê°€ 조건입니ë‹�. ì´ë²ˆ ë¶€ì—� í›� Lubner ì´ì‚¬ëŠ� ì§ì ‘ì ìœ¼ë¡� 25,000ê°œì˜ íŒŒìƒ ì¦ê¶Œì� 보유하고 있습니다. 공개 시장ì—서ì� 매수, ë§¤ë„ ë˜ëŠ” 비파ìƒ� ì£¼ì‹ ì†Œìœ ê¶� ë³€ê²½ì€ ë³´ê³ ë˜ì§€ 않았습니ë‹�.

ì� ì œì¶œì€ ì´ì‚¬íš� 표준 옵션 ë¶€ì—¬ì— í•´ë‹¹í•˜ë¯€ë¡� 회사ì� ìžë³¸ 구조ë¥� 변경하지 않으ë©� ë‚´ë¶€ìž� 보통ì£� 매매 신호ë� 아닙니다. ë”°ë¼ì„� ì� ì •ë³´ëŠ� 대부ë¶� 투ìžìžì—ê²� ìš´ì˜ìƒìœ¼ë¡� ì¼ìƒì ì´ë©� 재무ì ìœ¼ë¡� 중요하지 ì•Šì€ ë‚´ìš©ì´ì§€ë§�, ì´ì‚¬ ì¸ì„¼í‹°ë¸Œê°€ 주주 가치와 ì§€ì†ì ìœ¼ë¡œ ì¼ì¹˜í•¨ì„ ë³´ì—¬ì¤ë‹ˆë‹�.

CARGO Therapeutics, Inc. (CRGX) � Dépôt du Formulaire 4 en date du 20 juin 2025

Le dépôt révèle que le directeur non salarié David Charles Lubner a reçu une incitation en actions de routine le 18 juin 2025 : une option d'achat de 25 000 actions ordinaires au prix d'exercice de 4,35 $ et une date d'expiration au 17 juin 2035. Les 25 000 options seront entièrement acquises au premier des deux événements suivants : (i) le premier anniversaire de la date d'attribution ou (ii) la prochaine assemblée générale annuelle de la société, sous réserve de la poursuite du service du directeur. Suite à cette attribution, M. Lubner détient directement 25 000 titres dérivés. Aucun achat, vente ou modification de la détention d'actions non dérivées sur le marché ouvert n'a été signalé.

Étant donné qu'il s'agit d'une attribution d'options standard du conseil d'administration, ce dépôt ne modifie pas la structure du capital de la société ni ne signale d'achat ou de vente d'actions ordinaires par des initiés. L'information est donc opérationnellement courante et financièrement non significative pour la plupart des investisseurs, tout en démontrant l'alignement continu des incitations des administrateurs avec la valeur pour les actionnaires.

CARGO Therapeutics, Inc. (CRGX) � Form 4 Einreichung vom 20. Juni 2025

Die Einreichung zeigt, dass der nicht-geschäftsführende Direktor David Charles Lubner am 18. Juni 2025 eine routinemäßige Aktienanreizgewährung erhielt: eine Optionszusage über 25.000 Stammaktien mit einem Ausübungspreis von 4,35 $ und einem Verfallsdatum am 17. Juni 2035. Alle 25.000 Optionen werden zu 100 % zum früheren Zeitpunkt von (i) dem einjährigen Jahrestag des Gewährungsdatums oder (ii) der nächsten Hauptversammlung des Unternehmens fällig, vorausgesetzt, der Direktor bleibt im Amt. Nach dieser Gewährung besitzt Herr Lubner direkt 25.000 derivativen Wertpapiere. Es wurden keine Käufe oder Verkäufe am offenen Markt oder Änderungen im Besitz nicht-derivativer Aktien gemeldet.

Da es sich um eine standardmäßige Optionsgewährung des Vorstands handelt, ändert die Einreichung nicht die Kapitalstruktur des Unternehmens und signalisiert keinen Insider-Kauf oder -Verkauf von Stammaktien. Die Information ist daher für die meisten Investoren betrieblich routinemäßig und finanziell unerheblich, zeigt jedoch weiterhin die Ausrichtung der Anreize der Direktoren am Aktionärswert.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Lubner David Charles

(Last) (First) (Middle)
C/O CARGO THERAPEUTICS, INC.
835 INDUSTRIAL ROAD, SUITE 400

(Street)
SAN CARLOS CA 94070

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CARGO Therapeutics, Inc. [ CRGX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $4.35 06/18/2025 A 25,000 (1) 06/17/2035 Common Stock 25,000 $0 25,000 D
Explanation of Responses:
1. 100% of the shares subject to the option shall vest on the earlier of (i) the one year anniversary of June 18, 2025 or (ii) the next Annual Meeting following June 18, 2025, subject to the Reporting Person's continued service to the Issuer.
/s/ Halley Gilbert, as attorney-in-fact for David Lubner 06/20/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many CARGO Therapeutics (CRGX) options were granted to Director David Lubner?

He received 25,000 stock options on 18 June 2025.

What is the exercise price of the new CRGX options?

The options are exercisable at $4.35 per share.

When will the 25,000 CRGX options vest?

All options vest 100 % on the earlier of 18 June 2026 or the company’s next annual meeting.

Did the Form 4 report any purchase or sale of CRGX common stock?

No. The filing only reports an option grant; no common shares were bought or sold.

How many derivative securities does David Lubner own after the transaction?

He beneficially owns 25,000 derivative securities following the grant.
Cargo Therapeutics

NASDAQ:CRGX

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CRGX Stock Data

189.99M
44.69M
0.24%
122.58%
7.37%
Biotechnology
Biological Products, (no Disgnostic Substances)
United States
SAN CARLOS