Beta Bionics CFO files Form 4 showing 100-share exercise and sale
Rhea-AI Filing Summary
Stephen Feider, Chief Financial Officer of Beta Bionics, Inc. (BBNX), reported transactions dated 09/05/2025. He exercised an employee stock option to acquire 100 shares at an exercise price of $5.10 and simultaneously sold 100 shares at $21.00 pursuant to a Rule 10b5-1 trading plan adopted on May 15, 2025. After these transactions he beneficially owned 44,041 shares of common stock directly.
The option exercised was part of an employee stock option award exercisable beginning in September 2023 and expiring 09/13/2033; the filing shows 99,595 derivative securities (options) beneficially owned following the reported transactions. The form is signed and dated 09/08/2025.
Positive
- The sale was executed pursuant to a documented Rule 10b5-1 plan adopted on May 15, 2025
- Form 4 includes option vesting schedule and expiration date, providing clear disclosure
Negative
- Reported sale reduced direct beneficial ownership from 44,141 to 44,041 shares
- Exercise-and-sale occurred on the same date, leaving no net increase in long-term direct holdings from this transaction
Insights
TL;DR: Insider exercised options and sold an equal number of shares under a pre-established 10b5-1 plan.
The filing documents a routine insider exercise-and-sell on the same date: a 100-share option exercise at $5.10 followed by a 100-share sale at $21.00 under a Rule 10b5-1 plan adopted May 15, 2025. The transactions net no change in daily outstanding shares from this insider and reflect execution under a documented trading plan. Reported post-transaction holdings are 44,041 shares and 99,595 underlying option rights.
TL;DR: Disclosure aligns with Section 16 reporting and documents a 10b5-1 plan sale and option exercise.
The Form 4 discloses the adoption and use of a Rule 10b5-1 plan and provides vesting and expiration details for the option (vesting in 48 monthly installments from 09/14/2023; expiration 09/13/2033). Signatures and dates are present, meeting standard filing requirements. No amendments or inconsistencies are evident in the provided text.