Crinetics (NASDAQ: CRNX) CEO reports 1.94M share gifts and trust transfers
Rhea-AI Filing Summary
Crinetics Pharmaceuticals President & CEO Richard Scott Struthers reported a series of estate and charitable planning moves involving gifts of 1,937,600 shares of common stock on May 29, 2026. The transactions are coded as bona fide gifts, with reported prices of $0.0000 per share, indicating no sale proceeds.
The gifts include transfers among multiple family trusts, a charitable remainder trust, and his spouse, with the filing noting that he disclaims beneficial ownership of certain trust-held shares except for his pecuniary interest. Following these transactions, he continues to hold significant positions, including 626,978 shares directly and 439,005 shares indirectly through Family Trust 1.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,937,600 shares gifted
Gift
17 txns
Insider
Struthers Richard Scott
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 222,200 | $0.00 | $0.00 |
| Gift | Common Stock | 222,200 | $0.00 | $0.00 |
| Gift | Common Stock | 80,000 | $0.00 | $0.00 |
| Gift | Common Stock | 222,200 | $0.00 | $0.00 |
| Gift | Common Stock | 222,200 | $0.00 | $0.00 |
| Gift | Common Stock | 80,000 | $0.00 | $0.00 |
| Gift | Common Stock | 111,100 | $0.00 | $0.00 |
| Gift | Common Stock | 111,100 | $0.00 | $0.00 |
| Gift | Common Stock | 111,100 | $0.00 | $0.00 |
| Gift | Common Stock | 111,100 | $0.00 | $0.00 |
| Gift | Common Stock | 111,100 | $0.00 | $0.00 |
| Gift | Common Stock | 111,100 | $0.00 | $0.00 |
| Gift | Common Stock | 111,100 | $0.00 | $0.00 |
| Gift | Common Stock | 111,100 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 136,805 shares (Indirect, By Family Trust 1);
Common Stock — 80,000 shares (Indirect, By Charitable Trust);
Common Stock — 404,778 shares (Direct);
Common Stock — 111,100 shares (Indirect, By Family Trust 5);
Common Stock — 111,100 shares (Indirect, By Family Trust 6);
Common Stock — 1,000 shares (Indirect, By Spouse);
Common Stock — 111,100 shares (Indirect, By Family Trust 7);
Common Stock — 111,100 shares (Indirect, By Family Trust 8);
Common Stock — 106,000 shares (Indirect, By Family Trust 2);
Common Stock — 110,000 shares (Indirect, By Family Trust 3);
Common Stock — 100,000 shares (Indirect, By Family Trust 4)
Footnotes (3)
- F1. (1) Represents gifts of shares by the Struthers Family Trust ("Family Trust 1"), of which the Reporting Person is the trustee and the Reporting Person and his spouse are beneficiaries, to (a) the Reporting Person, (b) the Reporting Person's spouse and (c) the Struthers Family Charitable Remainder Trust (the "Charitable Trust"), a charitable remainder trust of which the Reporting Person is the trustee and of which the Reporting Person and his spouse are beneficiaries. The Reporting Person disclaims beneficial ownership of the shares held by the Charitable Trust except to the extent of his pecuniary interest therein.
- F2. (2) Represents contributions of shares by the Reporting Person to (a) the GMS Dynasty Trust ("Family Trust 5") and (b) the JSS Dynasty Trust ("Family Trust 6"), each of which is an irrevocable trust with an independent trustee of which the Reporting Person's spouse and her family members, and the Reporting Person's spouse, respectively, are beneficiaries. The Reporting Person disclaims beneficial ownership of the shares held by Family Trust 5 and Family Trust 6 except to the extent of his pecuniary interest therein.
- F3. (3) Represents contributions of shares by the Reporting Person's spouse to (a) the Iowa Descendants Trust ("Family Trust 7") and (b) the RSS Dynasty Trust ("Family Trust 8"), each of which is an irrevocable trust with an independent trustee of which the Reporting Person and his family members are beneficiaries. The Reporting Person disclaims beneficial ownership of the shares held by Family Trust 5 and Family Trust 6 except to the extent of his pecuniary interest therein.
Key Figures
Gifted shares: 1,937,600 shares
Gift transactions: 14 transactions
Holding entries: 3 entries
+4 more
7 metrics
Gifted shares
1,937,600 shares
Total bona fide gifts of common stock on May 29, 2026
Gift transactions
14 transactions
Number of bona fide gift entries reported
Holding entries
3 entries
Non-transactional holdings disclosure lines
Direct holdings after gift
626,978 shares
Common stock held directly following one gift transaction on May 29, 2026
Family Trust 1 holdings
439,005 shares
Common stock held indirectly via Family Trust 1 after reported gifts
Representative gift size
222,200 shares
Example size of several individual gift transfers
Charitable Trust gift
80,000 shares
Gifted to the Struthers Family Charitable Remainder Trust
Key Terms
bona fide gift, Charitable Remainder Trust, irrevocable trust, pecuniary interest, +1 more
5 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift" for multiple entries"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Charitable Remainder Trust financial
"the Struthers Family Charitable Remainder Trust (the "Charitable Trust")"
irrevocable trust financial
"each of which is an irrevocable trust with an independent trustee"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
pecuniary interest financial
"disclaims beneficial ownership ... except to the extent of his pecuniary interest"
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the shares held by Family Trust 5 and Family Trust 6"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Crinetics (CRNX) CEO Richard Scott Struthers report in this Form 4?
Richard Scott Struthers reported multiple bona fide gifts of Crinetics common stock. These transactions reallocated shares among family trusts, a charitable remainder trust, and his spouse, reflecting estate and charitable planning rather than open-market purchases or sales.
Were any of the Crinetics (CRNX) CEO’s transactions open-market sales or purchases?
No, the reported transactions are all coded as G for bona fide gifts, with a transaction price of $0.0000 per share. This indicates non-market transfers, not open-market buying or selling of Crinetics stock for cash consideration.