Cytokinetics (CYTK) EVP sells 26K shares and exercises options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CYTOKINETICS INC executive Andrew Callos, EVP and Chief Commercial Officer, reported multiple stock option exercises and related share sales. On March 5, 2026, he exercised two non-qualified stock options covering 11,000 and 15,000 shares, converting them into common stock through derivative exercises.
He then completed two open-market sales of common stock totaling 26,000 shares, with 15,000 shares sold at $61.87 per share and 11,000 shares sold at $61.88 per share. After these transactions, he held 50,440 shares of common stock directly. The reported stock options vest over four years, with 25% vesting after one year and the remainder vesting monthly over the following 36 months, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 26,000 shares ($1,608,730)
Net Sell
6 txns
Insider
Callos Andrew
Role
EVP, Chief Commercial Officer
Sold
26,000 shs ($1.61M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (Right to Buy) | 11,000 | $0.00 | -- |
| Exercise | Non-Qualified Stock Option (Right to Buy) | 15,000 | $0.00 | -- |
| Exercise | Common Stock | 11,000 | $39.13 | $430K |
| Sale | Common Stock | 15,000 | $61.87 | $928K |
| Sale | Common Stock | 11,000 | $61.88 | $681K |
| Exercise | Common Stock | 15,000 | $23.26 | $349K |
Holdings After Transaction:
Non-Qualified Stock Option (Right to Buy) — 24,403 shares (Direct);
Common Stock — 76,440 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did Andrew Callos report for CYTK?
Andrew Callos reported exercising non-qualified stock options and converting them into common stock, then selling 26,000 common shares in open-market transactions. These moves combined option exercises with partial share sales while retaining a significant remaining share position.
What type of stock options did Andrew Callos exercise at CYTOKINETICS (CYTK)?
He exercised non-qualified stock options, described as a right to buy CYTOKINETICS shares. The filing shows derivative exercises converting options into 11,000 and 15,000 common shares, consistent with standard executive equity compensation structures for long-term incentives.
What is the vesting schedule for Andrew Callos’s CYTOKINETICS stock options?
The stock options vest over four years from the grant date. One-quarter of the underlying shares vest on the one-year anniversary, and the remaining three-quarters vest monthly at 1/48 of the total over the next 36 months, subject to continued employment.
What is Andrew Callos’s role at CYTOKINETICS (CYTK)?
Andrew Callos serves as Executive Vice President and Chief Commercial Officer at CYTOKINETICS. His Form 4 filing reflects equity transactions related to this executive position, including non-qualified stock option exercises and open-market sales of common stock.