Crinetics (CRNX) CCO option exercise and 10b5-1 share sale disclosed
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crinetics Pharmaceuticals’ Chief Commercial Officer, Isabel Kalofonos, reported routine insider transactions. On January 5, 2026, she exercised a stock option for 2,500 shares of common stock at an exercise price of $40.59 per share, converting derivative securities into common stock. That same day, she sold 2,500 shares of common stock in an open‑market transaction at $55.00 per share under a pre‑arranged Rule 10b5‑1 trading plan adopted on June 7, 2025.
Following these transactions, Kalofonos directly beneficially owned 834 shares of common stock, which include shares acquired under the company’s employee stock purchase plan, and held 97,500 stock options after the reported option exercise.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,500 shares ($137,500)
Net Sell
3 txns
Insider
Kalofonos Isabel
Role
Chief Commercial Officer
Sold
2,500 shs ($138K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 2,500 | $0.00 | -- |
| Exercise | Common Stock | 2,500 | $40.59 | $101K |
| Sale | Common Stock | 2,500 | $55.00 | $138K |
Holdings After Transaction:
Stock Option (Right to Buy) — 97,500 shares (Direct);
Common Stock — 3,334 shares (Direct)
Footnotes (1)
- Includes 834 shares acquired under the Issuer's Employee Stock Purchase Plan. The sale reported in this Form 4 was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 7, 2025. The common stock was sold by the Reporting Person in an open market transaction on the transaction date, at a sale price of $55.00 per share. The option is exercisable as follows: 25% of the shares subject to the option vested on December 16, 2025, and the remaining number of shares subject to the option vest monthly thereafter in thirty-six equal monthly installments, subject to the Reporting Person's continued employment with the Issuer on each such vesting date.
FAQ
What insider transaction did CRNX report for Isabel Kalofonos?
The Chief Commercial Officer, Isabel Kalofonos, exercised a stock option for 2,500 shares of Crinetics Pharmaceuticals common stock and sold 2,500 shares in the open market on January 5, 2026.
At what prices did the CRNX insider option exercise and sale occur?
Kalofonos exercised stock options at an exercise price of $40.59 per share and sold 2,500 common shares at a sale price of $55.00 per share in an open‑market transaction.
How many CRNX stock options does Isabel Kalofonos hold after the filing?
Following the 2,500‑share option exercise, Kalofonos held 97,500 stock options (stock options with a right to buy shares) directly.
How do the vesting terms work for the reported CRNX stock option?
For the reported option, 25% of the shares vested on December 16, 2025, and the remaining shares vest in 36 equal monthly installments, subject to Kalofonos’s continued employment with Crinetics Pharmaceuticals on each vesting date.