Axsome (AXSM) CFO sells 33K shares after exercising long-held options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Axsome Therapeutics, Inc.’s Chief Financial Officer Nick Pizzie reported an option exercise paired with an open-market sale of common stock. He exercised stock options for 33,000 shares of common stock at $3.50 per share, from options that had been held for over eight years and were approaching their 10-year expiration.
The same 33,000 shares were then sold in open-market transactions at a weighted average price of $240.09 per share, under a pre-approved Rule 10b5-1 trading plan that has now been completed. Following these transactions, Pizzie directly owns 42,867 shares of Axsome common stock, which includes prior purchases under the company’s Employee Stock Purchase Plan, and indirectly holds 488 additional shares as custodian for his children’s UTMA accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 33,000 shares ($7,922,970)
Net Sell
4 txns
Insider
Pizzie Nick
Role
Chief Financial Officer
Sold
33,000 shs ($7.92M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 33,000 | $0.00 | -- |
| Exercise | Common Stock | 33,000 | $3.50 | $116K |
| Sale | Common Stock | 33,000 | $240.09 | $7.92M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 72,000 shares (Direct, null);
Common Stock — 75,867 shares (Direct, null);
Common Stock — 488 shares (Indirect, See explanation 6 below.)
Footnotes (1)
- Represents an exercise of stock options which was held for over 8 years and exercised prior to the 10-year expiration date of such options. Such transaction was pursuant to a pre-approved 10b5-1 plan, which has now been completed. Represents the subsequent sale of the underlying shares of the aforementioned exercise of stock options. Represents the weighted average sale price of a series of open market transactions with sale prices ranging between $236.46 and $242.35. Includes the prior purchase of shares of common stock pursuant to the Issuer's Employee Stock Purchase Plan. Represents additional shares indirectly beneficially owned by the reporting person as custodian for his children's UTMA accounts.
Key Figures
Shares sold: 33,000 shares
Weighted average sale price: $240.09 per share
Option exercise size: 33,000 shares
+5 more
8 metrics
Shares sold
33,000 shares
Open-market sale of common stock on June 9, 2026
Weighted average sale price
$240.09 per share
Sale prices ranged from $236.46 to $242.35
Option exercise size
33,000 shares
Stock options exercised for common stock
Option exercise price
$3.50 per share
Stock Option (Right to Buy) exercise price
Option expiration date
May 16, 2028
Stock options exercised after over eight years held
Direct holdings after transactions
42,867 shares
Common stock directly owned by CFO after June 9, 2026
Indirect holdings after transactions
488 shares
UTMA accounts for children, indirectly beneficially owned
Remaining derivative options
0 options from this grant
Derivative summary shows no remaining for this exercised grant
Key Terms
Rule 10b5-1 plan, weighted average sale price, Employee Stock Purchase Plan, UTMA accounts, +1 more
5 terms
Rule 10b5-1 plan financial
"Such transaction was pursuant to a pre-approved 10b5-1 plan, which has now been completed."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
weighted average sale price financial
"Represents the weighted average sale price of a series of open market transactions with sale prices ranging between $236.46 and $242.35."
Employee Stock Purchase Plan financial
"Includes the prior purchase of shares of common stock pursuant to the Issuer's Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
UTMA accounts financial
"Represents additional shares indirectly beneficially owned by the reporting person as custodian for his children's UTMA accounts."
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) with an exercise price of $3.5000 per share and expiration date May 16, 2028."
FAQ
What insider transactions did Axsome (AXSM) CFO Nick Pizzie report?
Nick Pizzie reported exercising stock options for 33,000 Axsome shares at $3.50, then selling the same 33,000 shares in open-market trades at a weighted average price of $240.09 per share, all on June 9, 2026.
Was the Axsome (AXSM) CFO sale made under a Rule 10b5-1 plan?
Yes, the filing states the transactions were executed under a pre-approved Rule 10b5-1 trading plan, which has now been completed. Such plans are pre-scheduled arrangements that can indicate routine portfolio management rather than discretionary market timing.
What stock options did the Axsome (AXSM) CFO exercise in this Form 4?
He exercised stock options covering 33,000 shares of Axsome common stock at a $3.50 exercise price. The options had been held for more than eight years and were exercised before their 10-year expiration date of May 16, 2028, as described in the filing footnotes.