ATAI (ATAI) director Hershberg exercises options, sells 100,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AtaiBeckley Inc. director Robert Hershberg reported option exercises and share sales. On July 7, 2026, he exercised stock options to acquire 100,000 shares of common stock at $1.35 per share and sold 100,000 shares at a weighted average price of $4.96.
The sales occurred in multiple trades between $4.90 and $5.08 per share under a pre-arranged Rule 10b5-1 trading plan. After these transactions, he directly held 100,000 shares of AtaiBeckley common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 100,000 shares ($496,000)
Net Sell
5 txns
Insider
HERSHBERG ROBERT
Role
null
Sold
100,000 shs ($496K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 48,858 | $0.00 | -- |
| Exercise | Stock Option | 51,142 | $0.00 | -- |
| Exercise | Common Stock | 48,858 | $1.35 | $66K |
| Exercise | Common Stock | 51,142 | $1.35 | $69K |
| Sale | Common Stock | 100,000 | $4.96 | $496K |
Holdings After Transaction:
Stock Option — 48,858 shares (Direct, null);
Common Stock — 48,858 shares (Direct, null)
Footnotes (1)
- The option exercises and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 7, 2026. The price reported is a weighted average price. The securities were sold in multiple transactions at per share prices ranging from $4.90 to $5.08. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. The stock option is fully vested.
Key Figures
Shares sold: 100,000 shares
Weighted average sale price: $4.96 per share
Sale price range: $4.90–$5.08 per share
+3 more
6 metrics
Shares sold
100,000 shares
Open-market sale of common stock on July 7, 2026
Weighted average sale price
$4.96 per share
Common stock sales on July 7, 2026
Sale price range
$4.90–$5.08 per share
Prices for multiple sale transactions
Options exercised
100,000 shares
Common stock acquired via option exercises on July 7, 2026
Option exercise price
$1.35 per share
Strike price of exercised stock options
Shares held after transactions
100,000 shares
Direct common stock ownership following transactions
Key Terms
Rule 10b5-1 trading plan, weighted average price, stock option, derivative security
4 terms
Rule 10b5-1 trading plan regulatory
"The option exercises and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 7, 2026."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
stock option financial
"The stock option is fully vested."
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did ATAI director Robert Hershberg do in this Form 4 filing?
Robert Hershberg exercised stock options for 100,000 ATAI shares at $1.35 and sold 100,000 shares at a weighted average of $4.96. The filing shows both the option exercises and the resulting open-market sales on July 7, 2026.
What was the exercise price of the ATAI stock options in this Form 4?
The stock options exercised by Hershberg had an exercise price of $1.35 per share. Exercising these options allowed him to acquire 100,000 shares of AtaiBeckley common stock before selling the same number of shares in the market.