CYTOKINETICS (NASDAQ: CYTK) CFO exercises options, sells 1,112 shares at $87.79
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CYTOKINETICS INC EVP and CFO Sung Lee reported an option exercise and related share sale. Lee exercised non-qualified stock options for 1,112 shares of common stock at $48.51 per share, then sold 1,112 shares in an open-market transaction at $87.79 per share.
Following these transactions, Lee directly holds 63,221 shares of common stock. The filing also shows 26,709 non-qualified stock options remaining outstanding with an exercise price of $48.51 per share and an expiration date of May 30, 2034, indicating a continuing equity stake alongside the sale.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,112 shares ($97,622)
Net Sell
3 txns
Insider
Lee Sung
Role
EVP, Chief Financial Officer
Sold
1,112 shs ($98K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (Right to Buy) | 1,112 | $0.00 | -- |
| Exercise | Common Stock | 1,112 | $48.51 | $54K |
| Sale | Common Stock | 1,112 | $87.79 | $98K |
Holdings After Transaction:
Non-Qualified Stock Option (Right to Buy) — 26,709 shares (Direct, null);
Common Stock — 64,333 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 1,112 shares
Sale price: $87.79/share
Shares after sale: 63,221 shares
+4 more
7 metrics
Shares sold
1,112 shares
Open-market sale of common stock on 2026-07-01 at $87.79
Sale price
$87.79/share
Price for 1,112 common shares sold on 2026-07-01
Shares after sale
63,221 shares
Direct common stock ownership following reported sale
Options exercised
1,112 options
Non-qualified stock options converted into common stock
Option exercise price
$48.51/share
Exercise price for non-qualified stock options
Remaining options
26,709 options
Non-qualified stock options outstanding after exercise
Option expiration
May 30, 2034
Expiration date for remaining non-qualified stock options
Key Terms
Non-Qualified Stock Option (Right to Buy), open-market sale, derivative exercise/conversion, derivative security
4 terms
Non-Qualified Stock Option (Right to Buy) financial
"security_title: "Non-Qualified Stock Option (Right to Buy)""
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did CYTK EVP and CFO Sung Lee report in this Form 4?
Sung Lee reported exercising 1,112 non-qualified stock options at $48.51 per share and selling 1,112 shares of CYTOKINETICS common stock in an open-market transaction at $87.79 per share, reflecting an exercise-and-sell pattern on the same day.
What options did CYTOKINETICS CFO Sung Lee exercise in this Form 4?
Sung Lee exercised 1,112 non-qualified stock options, each giving the right to buy one share of CYTOKINETICS common stock at an exercise price of $48.51 per share. These options were converted into common shares before the matching open-market sale.
What is the remaining CYTK option position for Sung Lee after these trades?
After the option exercise, Sung Lee has 26,709 non-qualified stock options remaining, each with an exercise price of $48.51 per share and an expiration date of May 30, 2034, indicating a substantial ongoing derivative-based exposure to CYTOKINETICS stock.
Was the CYTK insider transaction a buy or a sell overall?
The filing combines an exercise of stock options with an open-market sale of 1,112 shares. The transaction summary reflects a net-sell direction by share count, even though it is structured as an exercise-and-sell sequence on the same day.