Cocrystal Pharma Inc. filed SEC Form 8-K: Leadership Update
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e)
On January 9, 2026, the Compensation Committee (the “Committee”) of the Board of Directors of Cocrystal Pharma, Inc. (the “Company”) approved the grant of non-qualified stock options to the Company’s directors, executive officers and a certain consultant. The non-qualified stock options are granted under the Company’s 2025 Equity Incentive Plan, shall have a term of 10 years, be exercisable at the closing price of January 8, 2026, and the exercisability shall be subject to execution of the Company’s form of Non-Qualified Stock Option Agreement. The non-qualified stock options shall vest as follows: one-half shall vest and become exercisable on January 9, 2027 and the remaining half shall vest and become exercisable in eight equal quarterly installments commencing on March 31, 2027, subject to the applicable recipient continuing to serve as an officer, director or consultant of the Company, as applicable, on each applicable vesting date.
| Name | For Board Service | Stock Options Granted | Stock Options Granted to Chairman and Lead Director | Total Stock Options Granted | ||||
| Dr. Roger Kornberg | 16,410 | - | 8,205 | 24,615 | ||||
| Dr. Philip Frost | 16,410 | - | 8,205 | 24,615 | ||||
| Steve Rubin | 16,410 | - | - | 16,410 | ||||
| Fred Hassan | 16,410 | - | - | 16,410 | ||||
| Richard Pfenniger | 16,410 | - | - | 16,410 | ||||
| Anthony Japour | 16,410 | - | - | 16,410 | ||||
| James Martin | - | 49,229 | - | 49,229 | ||||
| Sam Lee | - | 49,229 | - | 49,229 | ||||
| Consultant | - | 40,000 | - | 40,000 |
The Committee also approved a $50,000 cash award paid to Dr. Roger Kornberg for serving as chairman of the Company’s Scientific Advisory Board.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: January 15, 2026
| Cocrystal Pharma, Inc. | ||
| By: | /s/ James Martin | |
| Name: | James Martin | |
| Title: | Chief Financial Officer and Co-Chief Executive Officer | |