Director Wierenga trims Cytokinetics (CYTK) stake via option exercise and sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cytokinetics director Wendell Wierenga reported an exercise-and-sell transaction in company stock. He exercised a non-qualified stock option for 4,032 shares of Common Stock at $12.40 per share and on the same date sold 4,032 shares in an open-market trade at $75.00 per share. After these transactions, he directly owns 32,637 shares of Cytokinetics Common Stock, and the option covering 4,032 shares has been fully exercised.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 4,032 shares ($302,400)
Net Sell
3 txns
Insider
WIERENGA WENDELL
Role
null
Sold
4,032 shs ($302K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (Right to Buy) | 4,032 | $0.00 | -- |
| Exercise | Common Stock | 4,032 | $12.40 | $50K |
| Sale | Common Stock | 4,032 | $75.00 | $302K |
Holdings After Transaction:
Non-Qualified Stock Option (Right to Buy) — 0 shares (Direct, null);
Common Stock — 36,669 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 4,032 shares
Sale price: $75.00 per share
Option exercise shares: 4,032 shares
+3 more
6 metrics
Shares sold
4,032 shares
Common Stock sold in open-market transaction
Sale price
$75.00 per share
Price for 4,032 shares of Common Stock
Option exercise shares
4,032 shares
Non-Qualified Stock Option exercised into Common Stock
Option exercise price
$12.40 per share
Exercise price of Non-Qualified Stock Option
Shares owned after transaction
32,637 shares
Direct Common Stock holdings following transactions
Option expiration
January 3, 2027
Original expiration date of exercised option grant
Key Terms
Non-Qualified Stock Option (Right to Buy), open-market sale, derivative exercise/conversion, derivative security, +1 more
5 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 Cytokinetics (CYTK) director Wendell Wierenga report on this Form 4?
Wendell Wierenga reported an exercise-and-sell transaction involving Cytokinetics Common Stock. He exercised a non-qualified stock option for 4,032 shares at $12.40 per share and sold 4,032 shares in an open-market trade at $75.00 per share on the same date.
What stock option did Wendell Wierenga exercise in this Cytokinetics (CYTK) filing?
He exercised a Non-Qualified Stock Option covering 4,032 shares of Cytokinetics Common Stock at an exercise price of $12.40 per share. The option, which fully vested by January 3, 2018, is now fully exercised with zero derivative shares remaining after this transaction.
Is this Cytokinetics (CYTK) Form 4 transaction an example of an exercise-and-sell pattern?
Yes. Wierenga exercised a Non-Qualified Stock Option for 4,032 shares at $12.40 per share and sold 4,032 shares at $75.00 per share on the same date. This combination is a classic exercise-and-sell pattern for monetizing previously granted stock options.