PTCT EVP & CLO reports stock option exercise and share sales
Rhea-AI Filing Summary
PTC Therapeutics executive reports option exercise and share sales
The Executive Vice President and Chief Legal Officer of PTC Therapeutics, Inc. (PTCT) reported transactions dated 11/17/2025. The officer exercised a stock option for 2,812 shares of common stock at an exercise price of $25.69 per share, then sold 1,843 shares at a weighted average price of $75.64, 777 shares at $76.53, and 192 shares at $77.18, all under a Rule 10b5-1 trading plan adopted on December 5, 2024.
After these transactions, the officer beneficially owned 103,901 shares of common stock directly and 25,314 stock options with an exercise price of $25.69 expiring on 02/14/2034. The reported option grant was made on February 15, 2024 and vests over four years, with 25% vesting on February 15, 2025 and 6.25% of the original grant vesting at the end of each three-month period thereafter.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 2,812 | $0.00 | -- |
| Exercise | Common Stock | 2,812 | $25.69 | $72K |
| Sale | Common Stock | 1,843 | $75.64 | $139K |
| Sale | Common Stock | 777 | $76.53 | $59K |
| Sale | Common Stock | 192 | $77.18 | $15K |
Footnotes (1)
- This transaction was effected pursuant to a written Rule 10b5-1 plan adopted by the Reporting Person on December 5, 2024. This price represents the weighted average price of sale transactions that were executed in multiple trades at prices ranging from $75.06 to $76.04 per share. The Reporting Person hereby undertakes, upon request by the SEC staff, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price. This price represents the weighted average price of sale transactions that were executed in multiple trades at prices ranging from $76.08 to $77.07 per share. The Reporting Person hereby undertakes, upon request by the SEC staff, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price. This price represents the weighted average price of sale transactions that were executed in multiple trades at prices ranging from $77.10 to $77.33 per share. The Reporting Person hereby undertakes, upon request by the SEC staff, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price. This option was granted on February 15, 2024, and vests over four years, with 25% of the shares underlying the option vesting on February 15, 2025, and an additional 6.25% of the original number of shares underlying the option vesting at the end of each successive three-month period thereafter, beginning on May 15, 2025.
FAQ
What insider transaction did PTCT report for its executive on this Form 4?
The Executive Vice President and Chief Legal Officer of PTC Therapeutics (PTCT) reported exercising a stock option for 2,812 shares of common stock on 11/17/2025 and selling those shares in several transactions on the same date.
At what prices did the PTCT executive sell common stock on 11/17/2025?
The officer sold 1,843 shares at a weighted average price of $75.64, 777 shares at $76.53, and 192 shares at $77.18, with each price representing weighted average sale prices from multiple trades within stated ranges.
Was the PTCT insider trading under a Rule 10b5-1 plan?
Yes. The filing states that the transactions were effected under a written Rule 10b5-1 trading plan adopted by the reporting person on December 5, 2024.
What are the key terms of the PTCT executives stock option grant?
The stock option has an exercise price of $25.69 per share, covers 2,812 underlying shares reported in this transaction, and expires on 02/14/2034. It was granted on February 15, 2024 and vests over four years, with 25% vesting on February 15, 2025 and 6.25% of the original grant vesting at the end of each three-month period thereafter.
What is the reporting persons role and relationship to PTC Therapeutics (PTCT)?
The reporting person is an officer of PTC Therapeutics, Inc., serving as Executive Vice President and Chief Legal Officer, and files individually on this Form 4.