Crinetics (CRNX) Files Form 144 for 4,000-Share Sale via UBS
Rhea-AI Filing Summary
Crinetics Pharmaceuticals, Inc. (CRNX) submitted a Form 144 notice for the proposed sale of securities. The filer intends to sell 4,000 shares of Common stock through UBS Financial Services Inc. (11 Madison Ave, New York) with an aggregate market value of $180,000. The approximate date of sale is 09/26/2025 on NASDAQ. The shares were acquired as Founder Shares from the issuer on 07/31/2011, and full payment was recorded on that date. The filing reports nothing to report for securities sold during the past three months. Other standard notice fields (such as a signed date of notice) are present as headers but no explicit signature date or contact details are provided in the text supplied.
Positive
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Negative
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Insights
TL;DR: Routine Rule 144 notice for a small proposed sale by a founder, properly routed through a broker.
The filing documents a proposed block sale of 4,000 common shares via UBS with an indicated aggregate value of $180,000 and an expected execution on 09/26/2025. The shares were acquired as founder shares on 07/31/2011 from the issuer. The notice includes the Rule 144 representation regarding material nonpublic information and indicates no reportable sales in the prior three months. From a compliance standpoint, this submission contains the core items required by Rule 144: class, broker, amount, acquisition details, and the representation about material information.
TL;DR: Transaction size is immaterial relative to outstanding shares; unlikely to move market or signal major insider activity.
The proposed sale of 4,000 shares against 94,175,994 shares outstanding represents a de minimis fraction of the float. The filing shows the shares are founder shares acquired in 2011 and sold through a major brokerage, consistent with routine liquidity by insiders. There is no disclosure here of other concurrent sales or a trading plan, and the filing reports no sales in the past three months. As presented, the notice appears informational and not material to valuation or market dynamics.