CRNX Form 144 Filed for 16,000 Share Sale via Morgan Stanley ($574,240)
Rhea-AI Filing Summary
Crinetics Pharmaceuticals (CRNX) filed a Form 144 notifying a proposed sale of 16,000 common shares through Morgan Stanley Smith Barney LLC on 09/26/2025 with an aggregate market value of $574,240.00. The filing shows the shares were acquired as 10,000 via exercise of stock options on 09/26/2025 (paid in cash) and 6,000 as restricted stock units on 06/07/2024. The company reports 94,175,994 shares outstanding and discloses no securities sold by the reporting person in the past three months. The filer certifies they are unaware of any undisclosed material adverse information.
Positive
- Full compliance with Rule 144 disclosure requirements, including broker, share counts, aggregate value, and acquisition/payment details
- No securities sold in the past three months by the reporting person, indicating this is not part of recent repeated disposals
- Filer's certification that they are not aware of undisclosed material adverse information
Negative
- None.
Insights
TL;DR: Routine Rule 144 notice for an insider sale; modest size and standard disclosure.
The Form 144 documents a proposed sale of 16,000 common shares valued at $574,240 to be executed through Morgan Stanley Smith Barney LLC on 09/26/2025. Acquisition details show 10,000 shares from option exercise paid in cash the same day and 6,000 shares from RSU vesting in 2024. No prior sales by the reporting person in the past three months are reported, indicating this is a standalone filing rather than part of a rapid disposal pattern. From an investor-analytics standpoint, the filing is a compliance disclosure without material indicators of company performance impact.
TL;DR: Disclosure aligns with insider trading rules and includes the required certification; governance process appears followed.
The notice includes required elements: broker identity, number of shares, aggregate value, outstanding shares, acquisition dates, and payment method. The reporting individual affirms no undisclosed material adverse information and there are no reported sales in the prior three months. The timing—exercise and near-term sale recorded the same date for 10,000 shares—suggests the filer used Rule 144 mechanics to liquidate exercised shares, a common governance-compliant action when selling newly acquired shares. The filing demonstrates adherence to Form 144 requirements without revealing governance concerns.