Roy Baynes to sell 9,750 shares via option exercise (TVTX)

Rhea-AI Filing Summary

Roy Baynes filed a Form 144 proposing to sell 9,750 shares of Common Stock via a stock option exercise on 05/01/2026 for cash, through Morgan Stanley Smith Barney LLC. The form also discloses two prior sales in the past three months: 32,750 shares on 04/14/2026 for $1,352,130 and 10,000 shares on 04/06/2026 for $330,000.

Insights

Securities Compliance Counsel

Form 144 notifies the market of an intended sale under Rule 144 and lists recent dispositions.

The filing lists a proposed sale of 9,750 shares via a stock option exercise to be effected through Morgan Stanley Smith Barney LLC on 05/01/2026, and two prior dispositions totaling 42,750 shares in April.

Compliance implications: the notice documents the intended transaction and recent sales; confirmation of Rule 144 availability and broker-handling will appear in subsequent trade reports.

Key Figures

Proposed sale: 9,750 shares Prior sale 1: 32,750 shares Prior sale 2: 10,000 shares +2 more

5 metrics

Proposed sale 9,750 shares Stock option exercise on 05/01/2026

Prior sale 1 32,750 shares Sold on 04/14/2026 for $1,352,130

Prior sale 2 10,000 shares Sold on 04/06/2026 for $330,000

April total dispositions 42,750 shares Aggregate of two April sales noted on the form

April proceeds $1,682,130 Aggregate proceeds from the two April sales

Key Terms

Form 144, Stock Option Exercise, Morgan Stanley Smith Barney LLC, Cash

4 terms

Form 144 regulatory

"Filer Information | 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Stock Option Exercise financial

"Securities To Be Sold | Stock Option Exercise"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

Morgan Stanley Smith Barney LLC other

"Common | Morgan Stanley Smith Barney LLC Executive Financial"

Cash financial

"9750 | 05/01/2026 | Cash"

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	9750	431145.00	92241550	05/01/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/01/2026	Stock Option Exercise	ISSUER			9750	05/01/2026	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
ROY BAYNES 3611 Valley Centre Drive Suite 300 San Diego CA 92130	Common	04/14/2026	32750	1352130.00
ROY BAYNES 3611 Valley Centre Drive Suite 300 San Diego CA 92130	Common	04/06/2026	10000	330000.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)