Cytokinetics (CYTK) EVP exercises options and sells 3,500 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CYTOKINETICS INC EVP Research & Development Fady Ibraham Malik reported an option exercise paired with a share sale. On June 9, 2026, he exercised options to acquire 3,500 shares of common stock at $7.80 per share and sold 3,500 shares in an open-market transaction at $67.98 per share.
Following these transactions, he directly owned 153,902 shares of common stock and held 44,386 non-qualified stock options. The activity reflects converting a portion of stock options into shares and immediately selling an equivalent number of shares for cash while retaining a substantial remaining equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,500 shares ($237,930)
Net Sell
3 txns
Insider
Malik Fady Ibraham
Role
EVP Research & Development
Sold
3,500 shs ($238K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (Right to Buy) | 3,500 | $0.00 | -- |
| Exercise | Common Stock | 3,500 | $7.80 | $27K |
| Sale | Common Stock | 3,500 | $67.98 | $238K |
Holdings After Transaction:
Non-Qualified Stock Option (Right to Buy) — 44,386 shares (Direct, null);
Common Stock — 157,402 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 3,500 shares
Sale price: $67.98 per share
Options exercised: 3,500 options
+3 more
6 metrics
Shares sold
3,500 shares
Open-market sale of common stock at $67.98 per share
Sale price
$67.98 per share
Price for 3,500 common shares sold in open market
Options exercised
3,500 options
Non-qualified stock options exercised into common stock
Exercise price
$7.80 per share
Exercise price for non-qualified stock options
Shares owned after
153,902 shares
Direct common stock holdings following transactions
Options remaining
44,386 options
Non-qualified stock options outstanding after exercise
Key Terms
open-market sale, Non-Qualified Stock Option (Right to Buy), derivative exercise/conversion
3 terms
open-market sale financial
"3,500 shares of common stock were disposed of in an open-market sale at $67.98 per share."
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.
Non-Qualified Stock Option (Right to Buy) financial
"The insider exercised 3,500 Non-Qualified Stock Option (Right to Buy) awards with a $7.80 exercise price."
derivative exercise/conversion financial
"The transaction was reported as a derivative exercise/conversion of options into common stock."
FAQ
What insider transaction did CYTOKINETICS (CYTK) report for EVP Fady Malik?
CYTOKINETICS (CYTK) reported that EVP Research & Development Fady Ibraham Malik exercised stock options and sold shares. He exercised 3,500 options and sold 3,500 common shares in an open-market transaction, pairing a derivative exercise with an immediate sale the same day.
What stock options did the CYTOKINETICS (CYTK) EVP exercise in this Form 4?
He exercised 3,500 non-qualified stock options with a $7.80 exercise price into common shares. These options were originally granted with an expiration date in 2028, and after the exercise he still held 44,386 options for CYTOKINETICS common stock.
Does the CYTOKINETICS (CYTK) Form 4 show a routine exercise-and-sell pattern?
Yes. The filing shows a classic exercise-and-sell pattern, with 3,500 options exercised at $7.80 and the same 3,500 shares sold at $67.98. This sequence converts options into cash while leaving the executive with substantial remaining shares and options in CYTOKINETICS.