Cidara Therapeutics (CDTX) CEO corrects past insider stock reports
Rhea-AI Filing Summary
Cidara Therapeutics’ President & CEO Jeffrey Stein, a director of the company, filed an updated Form 4 covering historical transactions in Cidara common stock. The filing restates prior reports from 2016, 2017, 2020 and 2021 to correct how many shares were shown as beneficially owned by him and to reclassify certain purchases as made by a trust rather than directly by him. All share and price figures in the table have been adjusted for the company’s 1‑for‑20 reverse stock split effected on April 24, 2024.
The filing also reports a gift of common stock on December 31, 2021 from Stein to his sons, with shares held both by a trust and by a son. The disclosure notes that he disclaims beneficial ownership of the shares held by his independent son, and states that the report should not be taken as an admission that he is the beneficial owner of those shares for Section 16 or any other purpose.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,873 | $0.00 | -- |
| Gift | Common Stock | 937 | $0.00 | -- |
| Other | Common Stock | 658 | $0.00 | -- |
| Other | Common Stock | 2,500 | $40.006 | $100K |
| Purchase | Common Stock | 2,500 | $40.006 | $100K |
| Other | Common Stock | 367 | $135.80 | $50K |
| Purchase | Common Stock | 367 | $135.80 | $50K |
| Other | Common Stock | 750 | $118.948 | $89K |
| Purchase | Common Stock | 750 | $118.948 | $89K |
| Other | Common Stock | 645 | $155.00 | $100K |
| Purchase | Common Stock | 645 | $155.00 | $100K |
| Other | Common Stock | 270 | $0.00 | -- |
Footnotes (1)
- Form 4 originally filed on May 23, 2016 erroneously overstated the Amount of Securities Beneficially Owned by Reporting Person. The number of securities and price reported herein have been adjusted to reflect the 1-for-20 reverse stock split effected by the Issuer on April 24, 2024. Form 4 originally filed on April 4, 2017 erroneously reported the securities as purchased by Reporting Person rather than by trust. Form 4 originally filed on June 7, 2017 erroneously reported the securities as purchased by Reporting Person rather than by trust. Form 4 originally filed on September 12, 2017 erroneously reported the securities as purchased by Reporting Person rather than by trust. Form 4 originally filed on November 10, 2020 erroneously reported the securities as purchased by Reporting Person rather than by trust. Form 4 originally filed on March 19, 2021 erroneously reported a 26,300 share gift as a holding rather than a transaction and further overstated the holdings received by son by 13,150 shares. This transaction involved a gift of securities by the Reporting Person to his sons, one of which is economically dependent on the Reporting Person. The Reporting Person disclaims beneficial ownership of the shares held by his independent son, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his independent son's shares for purposes of Section 16 or for any other purpose.