TVTX (NASDAQ) files Rule 144 for 20,000-share option exercise; prior April sales listed

Rhea-AI Filing Summary

TVTX filing a Rule 144 notice reporting a stock option exercise and planned sale of 20,000 shares on 05/04/2026. The form lists cash settlement for the exercise. The filing also discloses prior sales in the last three months: 1,018 shares on 04/15/2026 and 7,215 shares on 04/14/2026, with dollar amounts shown for each transaction.

Insights

Securities Compliance Analyst

Rule 144 notice for an option exercise and resale of shares.

The filing documents a stock option exercise and intended sale of 20,000 shares by a broker/dealer arrangement on 05/04/2026. Cash is indicated as the settlement method for the exercise.

Prior sales in April totaling 8,233 shares are itemized with proceeds. This is routine Rule 144 reporting and does not on its face change the company's operating outlook.

Key Figures

Planned sale / exercise: 20,000 shares Prior sale 1: 1,018 shares Prior sale 2: 7,215 shares +1 more

4 metrics

Planned sale / exercise 20,000 shares Stock Option Exercise on 05/04/2026

Prior sale 1 1,018 shares Sold 04/15/2026 for $43,376.98

Prior sale 2 7,215 shares Sold 04/14/2026 for $302,516.29

Broker/agent listed Morgan Stanley Smith Barney LLC Agent named in securities information

Key Terms

Rule 144, Stock Option Exercise, Cash settlement

3 terms

Rule 144 regulatory

"Securities To Be Sold / Securities Sold During The Past 3 Months"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Stock Option Exercise financial

"Securities To Be Sold | 05/04/2026 | 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.

Cash settlement financial

"Securities To Be Sold | 05/04/2026 | Cash"

Cash settlement is a process where, instead of exchanging physical assets like stocks or commodities, the parties involved settle the difference in value with money after a contract ends. For investors, it simplifies transactions by avoiding the need to handle or deliver the actual asset, making it quicker and more convenient to complete trades. This method ensures a straightforward way to settle agreements based on their final value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/04/2026 - 04:03 PM Learn about SEC filing dates

FAQ

What does TVTX's Form 144 report?

The Form 144 reports a stock option exercise and planned sale of 20,000 shares on 05/04/2026. It also lists two prior sales in April totaling 8,233 shares with reported proceeds.

Who is listed as the broker or agent on the Form 144 for TVTX?

Morgan Stanley Smith Barney LLC is named with an address at 1 New York Plaza, 8th Floor. The listing appears beside the securities information for the reported transactions.

How were the 20,000 shares in TVTX to be settled?

The 20,000-share transaction is labeled a Stock Option Exercise with Cash shown as the settlement method, indicating the exercise was cash-settled on 05/04/2026.

What amounts were reported for the April sales on the Form 144?

The Form 144 shows proceeds of $43,376.98 for 1,018 shares on 04/15/2026 and $302,516.29 for 7,215 shares on 04/14/2026, as reported in the filing.

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	20000	900000.00	92241550	05/04/2026	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	05/04/2026	Stock Option Exercise	ISSUER			20000	05/04/2026	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
JULA INRIG 3611 Valley Centre Drive Suite 300 San Diego CA 92130	Common	04/15/2026	1018	43376.98
JULA INRIG 3611 Valley Centre Drive Suite 300 San Diego CA 92130	Common	04/14/2026	7215	302516.29

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)