[144] Crinetics Pharmaceuticals, Inc. SEC Filing
Form 144 notice for Crinetics Pharmaceuticals, Inc. (CRNX) shows a proposed sale related to an insider option exercise and subsequent planned sale. The filer reports acquisition of 5,000 common shares on 10/01/2025 via exercise of stock options and indicates an intended sale of those 5,000 shares on 10/01/2025 through Morgan Stanley Smith Barney LLC, with an aggregate market value of $208,250.00. The filing lists 94,175,994 shares outstanding. Recent disclosed 10b5-1 sales by the same person, Dana Pizzuti, include sales on 09/02/2025 (5,000 shares, $160,515), 08/22/2025 (30,000 shares, $912,999), and 08/20/2025 (6,492 shares, $189,426.82). The form includes the standard representation that the seller does not possess undisclosed material adverse information and references reliance on a Rule 10b5-1 plan where applicable.
- Disclosure complies with Rule 144 format including broker, amounts, acquisition method, and prior three-month sales
- Use of a 10b5-1 plan (disclosed for prior sales) indicates pre-arranged trading which can reduce insider timing concerns
- None.
Insights
TL;DR: Routine insider exercise and planned sale under brokered program; recent 10b5-1 sales were disclosed.
The filing documents an option exercise of 5,000 common shares and an immediate planned sale through Morgan Stanley Smith Barney LLC valued at $208,250.00. The amount to be sold represents a de minimis portion of the reported 94,175,994 outstanding shares, and prior 10b5-1 sales by the same person totaled 41,492 shares across August and September 2025. From a market-impact perspective, the disclosed transactions and reliance on a 10b5-1 arrangement are typical insider liquidity events and appear routine given the scale relative to the outstanding share count.
TL;DR: Disclosure follows Rule 144 format and affirms 10b5-1 representation; no undisclosed material facts asserted.
The form includes required elements: identity of broker, number of shares, aggregate market value, acquisition method (exercise of stock options), payment method (cash), and prior sales in the three-month window. The filer signs the standard attestation regarding material nonpublic information and notes plan adoption/instruction fields consistent with Rule 10b5-1 reliance. Based solely on the form content, the notice meets procedural disclosure requirements.