Crinetics (CRNX) insider 10b5-1 sale after 5,000-option exercise
Rhea-AI Filing Summary
Crinetics Pharmaceuticals (CRNX) reported an insider transaction by its Chief Medical and Development Officer. On November 3, 2025, the officer exercised 5,000 stock options at an exercise price of $16.89 per share and, on the same date, sold 4,900 shares at a volume‑weighted average price of $42.65 (price range $42.14–$43.09) and 100 shares at $43.27.
The sales were effected pursuant to a Rule 10b5‑1 trading plan adopted on May 21, 2025. Following the transactions, the officer directly beneficially owned 66,270 shares of common stock. Derivative securities beneficially owned following the transactions were 74,042 stock options. The option grant vests 25% on September 30, 2023, with the remainder vesting in 36 equal monthly installments thereafter, subject to continued employment.
Positive
- None.
Negative
- None.
Insights
Pre‑planned Form 4: option exercise and same‑day sale totaling 5,000 shares.
The officer exercised $16.89 strike options for 5,000 shares on Nov 3, 2025 (code M) and sold 4,900 shares at a VWAP of $42.65 within a disclosed range, plus 100 shares at $43.27. The filing states the sale was executed under a Rule 10b5‑1 plan adopted on May 21, 2025.
Post‑trade holdings are listed as 66,270 common shares directly and 74,042 derivative securities (options). The plan designation indicates pre‑arranged execution mechanics, reducing discretionary timing concerns.
The vesting schedule notes 25% vested on Sep 30, 2023, with the balance vesting monthly over 36 months, contingent on continued employment.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 5,000 | $0.00 | -- |
| Exercise | Common Stock | 5,000 | $16.89 | $84K |
| Sale | Common Stock | 4,900 | $42.65 | $209K |
| Sale | Common Stock | 100 | $43.27 | $4K |
Footnotes (1)
- The sale reported in this Form 4 was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 21, 2025. The common stock was sold by the Reporting Person in open market transactions on the transaction date, with a volume weighted average sale price of $42.65 per share. The range of sale prices on the transaction date was $42.14 to $43.09. Detailed information on the exact number of shares can be obtained from the Issuer upon request. The common stock was sold by the Reporting Person in open market transactions on the transaction date, with a sale price of $43.27 per share for 100 shares. The option is exercisable as follows: 25% of the shares subject to the option vested on September 30, 2023, 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 did CRNX’s officer report on Form 4?
Was the CRNX insider sale under a 10b5-1 plan?
What derivative holdings were reported after the CRNX transactions?
What is the vesting schedule for the reported CRNX options?