Contineum Therapeutics (CTNM) CSO trades stock under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Contineum Therapeutics Chief Scientific Officer Lorrain Daniel S. exercised stock options and sold a small block of shares. On February 11, 2026, he exercised options for 400 shares of Class A common stock at $1.01 per share and then sold 400 shares at $16 per share under a pre-arranged Rule 10b5-1 trading plan adopted on September 23, 2025. After these transactions, he directly owned 156,052 shares of Class A common stock and held 75,530 stock options, with an additional 6,842 shares held indirectly by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 400 shares ($6,400)
Net Sell
4 txns
Insider
Lorrain Daniel S.
Role
Chief Scientific Officer
Sold
400 shs ($6K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 400 | $0.00 | -- |
| Exercise | Class A Common Stock | 400 | $1.01 | $404.00 |
| Sale | Class A Common Stock | 400 | $16.00 | $6K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 75,530 shares (Direct);
Class A Common Stock — 156,452 shares (Direct);
Class A Common Stock — 6,842 shares (Indirect, By Spouse)
Footnotes (1)
- These transactions were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on September 23, 2025. The stock options are fully vested and exercisable.
FAQ
What insider transaction did CTNM’s Chief Scientific Officer report on this Form 4?
The Chief Scientific Officer of Contineum Therapeutics reported exercising stock options for 400 Class A shares at $1.01 each and selling 400 Class A shares at $16 on February 11, 2026, under a pre-arranged Rule 10b5-1 trading plan.
What stock options did the CTNM insider exercise in this filing?
The insider exercised 400 stock options, each giving the right to buy one Class A common share at an exercise price of $1.01. These options are fully vested and exercisable, and are part of a larger option position expiring on February 24, 2030.
What is the significance of the Rule 10b5-1 trading plan mentioned for CTNM’s insider?
The filing states the transactions were executed under a Rule 10b5-1 trading plan adopted on September 23, 2025. Such plans pre-schedule trades, allowing insiders to sell or exercise shares according to predetermined instructions, helping separate trading decisions from later nonpublic information.
How many stock options does the CTNM insider hold after exercising 400 options?
Following the exercise of 400 stock options, the insider holds 75,530 stock options. These options relate to Contineum Therapeutics Class A common stock, are fully vested and exercisable, and carry an exercise price of $1.01 per share with expiration on February 24, 2030.