Contineum CEO sells 10,000 shares near $16
Contineum Therapeutics CEO Carmine N. Stengone exercised stock options for 10,000 shares of Class A Common Stock and on the same day sold 10,000 shares in an open-market transaction.
Rhea-AI Filing Summary
Contineum Therapeutics CEO Carmine N. Stengone exercised stock options for 10,000 shares of Class A Common Stock and on the same day sold 10,000 shares in an open-market transaction. The sale used a weighted average price of $16.008 per share, with individual trades between $16.00 and $16.12.
The filing states these trades were made under a pre-arranged Rule 10b5-1 trading plan adopted on September 23, 2025. After the transactions, Stengone directly holds 17,217 Class A shares, including 5,605 acquired through the company’s Employee Stock Purchase Plan, and retains stock options covering 118,417 shares at $1.26 and 281,930 shares at $1.01 exercise prices.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 10,000 shares ($149K approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
Stengone Carmine N.
Role
CEO and President
Sold
10,000 shs ($160K)
Approx. gross sale proceeds
$160K
Approx. exercise cost
$11K
Approx. pre-tax spread
$149K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 7,500 | $0.00 | $0.00 |
| Exercise | Stock Option (right to buy) | 2,500 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 7,500 | $1.01 | $8K |
| Exercise | Class A Common Stock | 2,500 | $1.26 | $3K |
| Sale | Class A Common Stock | 10,000 | $16.008 | $160K |
Holdings After Transaction:
Stock Option (right to buy) — 400,347 contracts (Direct);
Class A Common Stock — 17,217 shares (Direct)
Footnotes (4)
- F1. These transactions were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on September 23, 2025.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.00 to $16.12, inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
- F3. Includes 5,605 shares of the Issuer's Class A Common Stock acquired by the Reporting Person in one or more transactions with the Issuer pursuant to its Employee Stock Purchase Plan, which transactions are exempt pursuant to Rules 16a3(f)(1)(i)(B) and 16b3(c).
- F4. Options granted under the Issuer's 2012 Equity Incentive Plan (the "Plan"). The option is fully vested.
Key Figures
Shares sold: 10,000 shares
Weighted average sale price: $16.008 per share
Shares after transactions: 17,217 shares
+4 more
7 metrics
Shares sold
10,000 shares
Open-market sale of Class A Common Stock on June 30, 2026
Weighted average sale price
$16.008 per share
Sale price range $16.00–$16.12
Shares after transactions
17,217 shares
Direct Class A holdings following reported trades
ESPP shares included
5,605 shares
Class A shares acquired via Employee Stock Purchase Plan
Options remaining at $1.26
118,417 shares
Stock options with $1.26 exercise price after exercise
Options remaining at $1.01
281,930 shares
Stock options with $1.01 exercise price after exercise
Options exercised
10,000 shares
Two option exercises for 2,500 and 7,500 shares
Key Terms
Rule 10b5-1 trading plan, Employee Stock Purchase Plan, weighted average price, Equity Incentive Plan
4 terms
Rule 10b5-1 trading plan regulatory
"These transactions were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on September 23, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Employee Stock Purchase Plan financial
"Includes 5,605 shares ... acquired ... pursuant to its Employee Stock Purchase Plan, which transactions are exempt..."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Equity Incentive Plan financial
"Options granted under the Issuer's 2012 Equity Incentive Plan (the "Plan")."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
