IRD Opus Genetics, Inc.
Price Chart
Executive Summary
Opus Genetics entered into change in control bonus agreements with its four executive officers, including the CEO and CFO, to reimburse them for any excise taxes incurred under Section 4999 of the Internal Revenue Code in the event of a change in control. This is a standard retention and compensation measure for executives.
Actionable Insight
This filing is a routine executive compensation update. Traders should note it as a governance/retention measure but not a material event. Monitor for any subsequent M&A activity that could trigger these agreements.
Key Facts
- Agreements cover CEO Dr. George Magrath, CFO Robert Gagnon, COO Joseph Schachle, and CSO Dr. Ashwath Jayagopal.
- Each executive will receive a gross-up payment covering any excise tax (and related income taxes on the gross-up) under Section 4999 if a change in control occurs.
- An independent accounting firm (280G Firm) will determine the amount of any required gross-up payment.
- The agreements are compensatory arrangements, not triggered by any current change in control event.
Financial Impact
Potential future liability dependent on a change in control event and resulting excise tax calculations; no immediate financial impact.
Risk Factors
- Potential for significant cash outflow if a change in control occurs and excise taxes are triggered.
- The gross-up provision could be viewed negatively by shareholders as excessive compensation in a takeover scenario.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-013481 |
| Document: ef20069654_ex10-1.htm | 0001140361-26-013481 |
| Document: 0001140361-26-013481-index-headers.html | 0001140361-26-013481 |
| Document: 0001140361-26-013481-index.html | 0001140361-26-013481 |
| Document: 0001140361-26-013481.txt | 0001140361-26-013481 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 5, 2026
7d ago
|
S-3
| $4.61 awaiting T+5 | awaiting T+5 | — | $4.04 (+12.36%) |
|
May 12, 2026
4w ago
|
8-K
| $5.18 $4.44 | ▼ −14.29% | ▼ −14.36% | $4.04 (−22.01%) |
|
May 12, 2026
4w ago
|
Press Release
| $5.18 $4.44 | ▲ +14.29% | ▲ +14.36% | $4.04 (+22.01%) |
|
May 7, 2026
5w ago
|
Press Release
| $4.99 $4.97 | ▼ −0.40% | ▼ −1.86% | $4.04 (−19.04%) |
|
Apr 24, 2026
7w ago
|
8-K
| $5.12 $5.22 | ▲ +1.95% | ▲ +1.55% | $4.04 (−21.09%) |
|
Apr 23, 2026
7w ago
|
EFFECT
| $5.21 $4.67 | ▼ −10.36% | ▼ −11.84% | $4.04 (−22.46%) |
|
Apr 23, 2026
7w ago
|
Insider Cluster
| $5.21 $4.67 | ▼ −10.36% | ▼ −11.84% | $4.04 (−22.46%) |
|
Apr 10, 2026
9w ago
|
Press Release
| $5.36 $5.75 | ▲ +7.28% | ▲ +2.77% | $4.04 (−24.63%) |
|
Apr 7, 2026
9w ago
|
8-K
| $4.92 $5.55 | ▲ +12.80% | ▲ +7.48% | $4.04 (−17.89%) |
|
Mar 16, 2026
12w ago
|
Insider Cluster
| $5.19 $4.59 | ▼ −11.56% | ▼ −9.52% | $4.04 (−22.16%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access