Contineum Therapeutics (CTNM) CMO sells 3,611 shares via 10b5-1
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Contineum Therapeutics CMO and Head of Development Tim Watkins reported option-related share movements. On March 2, 2026, he exercised stock options covering 3,611 shares of Class A common stock at $4.50 per share, increasing his option-related holdings to 249,167 shares. He then sold 3,611 shares of Class A common stock in the open market at a weighted average price of $15.0153 per share, with trades executed between $14.60 and $15.41, leaving no shares from this lot outstanding. These transactions were carried out under a Rule 10b5-1 trading plan adopted on September 23, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,611 shares ($54,220)
Net Sell
3 txns
Insider
Watkins Tim
Role
CMO & Head of Development
Sold
3,611 shs ($54K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 3,611 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,611 | $4.50 | $16K |
| Sale | Class A Common Stock | 3,611 | $15.0153 | $54K |
Holdings After Transaction:
Stock Option (right to buy) — 249,167 shares (Direct);
Class A Common Stock — 3,611 shares (Direct)
Footnotes (1)
- These transactions were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on September 23, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.60 to $15.41, 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. One-half of the option shares vested on October 28, 2025, and the remainder vests in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous service.
FAQ
What insider transactions did CTNM executive Tim Watkins report?
Tim Watkins exercised options for 3,611 Contineum Therapeutics shares and sold the same 3,611 shares. The sale was an open-market transaction executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 23, 2025.
What stock options did CTNM’s CMO exercise in this Form 4 filing?
Watkins exercised stock options covering 3,611 shares of Contineum Therapeutics Class A common stock at $4.50 per share. Following the option exercise, he held 249,167 option-related shares, reflecting his remaining derivative position after this transaction.
Was the CTNM insider sale by Tim Watkins under a 10b5-1 plan?
Yes. The Form 4 notes the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Tim Watkins on September 23, 2025, indicating the sales were pre-arranged rather than discretionary trades made on that specific day.
What is the vesting schedule of the CTNM options exercised by Tim Watkins?
One-half of the option shares vested on October 28, 2025, with the remaining half vesting in 36 equal monthly installments thereafter. Continued vesting is conditioned on Tim Watkins maintaining continuous service with Contineum Therapeutics over that period.