Crinetics (CRNX) Officer Sells 6,492 Shares via 10b5-1 Plan
Rhea-AI Filing Summary
Insider sale by Dana Pizzuti, Chief Medical and Development Officer of Crinetics Pharmaceuticals (CRNX). On 08/20/2025 Ms. Pizzuti sold 6,492 shares of Crinetics common stock in open-market transactions at a volume-weighted average price of $29.18 per share, with the intraday price range $28.94 to $29.47. The sale was effected automatically under a Rule 10b5-1 trading plan adopted May 21, 2025.
Following the reported transactions she beneficially owned 66,270 shares, which includes 529 shares acquired under the companys Employee Stock Purchase Plan. The Form 4 was signed by an attorney-in-fact on 08/21/2025.
Positive
- Sale executed under a Rule 10b5-1 trading plan, indicating preplanned compliance with insider trading policies
- Complete disclosure of transaction details: date, VWAP ($29.18), intraday price range ($28.94-$29.47) and remaining beneficial ownership
- Includes ESPP holdings (529 shares) in beneficial ownership disclosure
Negative
- Insider sale of 6,492 shares reduces the reporting person's stake
- Form does not state exact breakdown of the number of shares sold at each price within the reported range (issuer offers details upon request)
Insights
TL;DR: Routine, prearranged insider sale under a 10b5-1 plan; transaction does not by itself indicate new company-specific adverse information.
The reported 6,492-share sale at a $29.18 VWAP was executed pursuant to a Rule 10b5-1 plan adopted May 21, 2025, which typically signals preplanned selling rather than opportunistic or informational trades. The remaining beneficial ownership is 66,270 shares, including 529 ESPP shares, as disclosed. From an investor disclosure perspective the filing is complete on key items: transaction date, volume, VWAP range and plan adoption date.
TL;DR: Governance controls appear operative: trade executed under documented 10b5-1 plan and form filed by attorney-in-fact.
The use of a documented Rule 10b5-1 trading plan provides an affirmative defense under insider trading rules and suggests the sale followed internal compliance procedures. The Form 4 includes necessary disclosures: reporting person identity, officer title, transaction details, and signature by an authorized attorney-in-fact. No amendments or additional material disclosures are present in the form.