Cytokinetics (CYTK) EVP nets 4,500-share sale after option exercises
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cytokinetics EVP of Research & Development Fady Malik exercised stock options and sold shares on April 7, 2026. He exercised options covering 3,500 shares at $7.80 and 1,000 shares at $10.60 per share, then sold a total of 4,500 common shares in open-market transactions.
The sales involved 3,500 shares at $65.21 and 1,000 shares at $64.75 per share. After these exercise-and-sell transactions, he directly holds 153,902 shares of Cytokinetics common stock. This filing reflects a routine combination of option exercises and partial share sales by a senior executive.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 4,500 shares ($292,985)
Net Sell
6 txns
Insider
Malik Fady Ibraham
Role
EVP Research & Development
Sold
4,500 shs ($293K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (Right to Buy) | 3,500 | $0.00 | -- |
| Exercise | Non-Qualified Stock Option (Right to Buy) | 1,000 | $0.00 | -- |
| Exercise | Common Stock | 3,500 | $7.80 | $27K |
| Sale | Common Stock | 3,500 | $65.21 | $228K |
| Exercise | Common Stock | 1,000 | $10.60 | $11K |
| Sale | Common Stock | 1,000 | $64.75 | $65K |
Holdings After Transaction:
Non-Qualified Stock Option (Right to Buy) — 58,386 shares (Direct);
Common Stock — 157,402 shares (Direct)
Footnotes (1)
Key Figures
Options exercised (7.80): 3,500 shares
Options exercised (10.60): 1,000 shares
Shares sold (higher price): 3,500 shares at $65.21
+4 more
7 metrics
Options exercised (7.80)
3,500 shares
Non-qualified stock option exercise at $7.80 per share on April 7, 2026
Options exercised (10.60)
1,000 shares
Non-qualified stock option exercise at $10.60 per share on April 7, 2026
Shares sold (higher price)
3,500 shares at $65.21
Open-market sale of common stock on April 7, 2026
Shares sold (second trade)
1,000 shares at $64.75
Open-market sale of common stock on April 7, 2026
Total shares sold
4,500 shares
Net disposition in this Form 4, combining two sales
Post-transaction holdings
153,902 shares
Common stock directly owned after April 7, 2026 transactions
Exercise price (options)
$7.80 and $10.60
Strike prices for the exercised non-qualified stock options
Key Terms
Non-Qualified Stock Option (Right to Buy), open-market sale, derivative security, exercise price
4 terms
Non-Qualified Stock Option (Right to Buy) financial
"Security titled "Non-Qualified Stock Option (Right to Buy)" was exercised for common stock."
open-market sale financial
"The Form 4 lists an open-market sale of common stock at $65.21 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.
derivative security financial
"The option exercise is described as an "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.
exercise price financial
"Each option transaction specifies an exercise price of $7.80 or $10.60 per share."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What insider transaction did Cytokinetics (CYTK) EVP Fady Malik report?
He reported exercising stock options and selling common shares. Malik exercised options for 4,500 shares, then sold those 4,500 Cytokinetics common shares in open-market transactions on April 7, 2026, while remaining a substantial shareholder after the trades.
What type of securities did Cytokinetics (CYTK) EVP Fady Malik exercise in this Form 4 filing?
He exercised non-qualified stock options, which are rights to buy common shares at preset exercise prices. The options covered 3,500 shares at $7.80 and 1,000 shares at $10.60, converting option awards into common stock before the related sales.