Protagonist Therapeutics (PTGX) CMO exercises options, sells 15,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Protagonist Therapeutics Chief Medical Officer Arturo Molina exercised stock options for 15,000 shares of common stock at an exercise price of $8.04 per share and on the same day sold 15,000 shares at a weighted average price of $104.79 per share. Following these transactions, he directly holds 84,115 shares of common stock. The exercised option was part of a grant from November 7, 2022, with one quarter vested on November 7, 2023 and the remaining three quarters vesting in equal monthly installments through November 7, 2026, conditioned on continuous service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 15,000 shares ($1,571,850)
Net Sell
3 txns
Insider
MOLINA ARTURO MD
Role
Chief Medical Officer
Sold
15,000 shs ($1.57M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 15,000 | $0.00 | -- |
| Exercise | Common Stock | 15,000 | $8.04 | $121K |
| Sale | Common Stock | 15,000 | $104.79 | $1.57M |
Holdings After Transaction:
Stock Option (right to buy) — 50,971 shares (Direct);
Common Stock — 99,115 shares (Direct)
Footnotes (1)
- The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $103.99 to $105.54. Upon request by the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price. The stock option was granted to the Reporting Person on November 7, 2022, one quarter vested on November 7, 2023 and the remaining three quarters vest in equal monthly installments through November 7, 2026, subject to the Reporting Person's continuous service to the Issuer.
FAQ
What insider transaction did PTGX’s Chief Medical Officer report?
Arturo Molina reported exercising options for 15,000 PTGX shares and selling 15,000 shares the same day. This exercise-and-sell pattern converts option value into cash while maintaining a remaining direct holding in the company’s common stock.
Was Arturo Molina’s PTGX stock sale done in multiple trades?
Yes. The filing states the 15,000 PTGX shares were sold in multiple transactions at prices ranging from $103.99 to $105.54. The reported $104.79 figure is a weighted average sale price across those individual trades.
Does the PTGX Form 4 show remaining unexercised options for Arturo Molina?
The summary of derivative holdings in the disclosure is empty, indicating no additional derivative positions are listed there. The reported transaction involved exercising 15,000 options from a grant that continues vesting through November 7, 2026, under stated conditions.