Cytokinetics (NASDAQ: CYTK) EVP exercises options, sells 15,000 shares at $85.80
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CYTOKINETICS INC executive Andrew Callos reported an option exercise paired with a sale of common stock. On July 1, 2026, he exercised options to acquire 15,000 shares of Common Stock at $23.26 per share, then sold 15,000 shares in an open-market transaction at an average price of $85.80 per share. Following these transactions, he directly owns 58,555 shares of Common Stock and holds 24,000 non-qualified stock options with a $23.26 exercise price expiring on March 31, 2031. The stock options referenced vest over four years, with an initial one-year cliff and monthly vesting thereafter, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 15,000 shares ($1,287,000)
Net Sell
3 txns
Insider
Callos Andrew
Role
EVP, Chief Commercial Officer
Sold
15,000 shs ($1.29M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (Right to Buy) | 15,000 | $0.00 | -- |
| Exercise | Common Stock | 15,000 | $23.26 | $349K |
| Sale | Common Stock | 15,000 | $85.80 | $1.29M |
Holdings After Transaction:
Non-Qualified Stock Option (Right to Buy) — 24,000 shares (Direct, null);
Common Stock — 73,555 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 15,000 shares
Sale price: $85.80/share
Options exercised: 15,000 shares
+4 more
7 metrics
Shares sold
15,000 shares
Open-market sale of Common Stock at $85.80 on July 1, 2026
Sale price
$85.80/share
Average price for 15,000 Common Stock shares sold
Options exercised
15,000 shares
Common Stock acquired via option exercise coded M
Exercise price
$23.26/share
Exercise price of Non-Qualified Stock Option
Shares held after
58,555 shares
Direct Common Stock ownership following transactions
Remaining options
24,000 options
Non-Qualified Stock Options expiring March 31, 2031
Option expiration date
March 31, 2031
Expiration of Non-Qualified Stock Option (Right to Buy)
Key Terms
Non-Qualified Stock Option (Right to Buy), open-market sale, derivative exercise/conversion, exercise or conversion of 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" for Common Stock transaction"
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" with code M"
exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
vesting financial
"footnote: "Stock options will vest over 4 years from the date of the grant""
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transactions did CYTK EVP Andrew Callos report on this Form 4?
Andrew Callos reported an option exercise and matching share sale. He exercised options for 15,000 shares of Cytokinetics common stock at $23.26, then sold 15,000 shares in an open-market transaction at $85.80 per share on July 1, 2026.
At what price did Andrew Callos exercise his Cytokinetics stock options?
Andrew Callos exercised options to acquire 15,000 shares of Cytokinetics common stock at an exercise price of $23.26 per share. The transaction is coded M, indicating an exercise or conversion of a derivative security into common stock.
What Cytokinetics stock options does Andrew Callos retain after this Form 4?
After these transactions, Andrew Callos holds 24,000 non-qualified stock options with an exercise price of $23.26 per share, expiring on March 31, 2031. These options vest over four years, with a one-year cliff then monthly vesting, contingent on continued employment.
What is Andrew Callos’s role at Cytokinetics (CYTK) mentioned in this Form 4?
The Form 4 identifies Andrew Callos as an officer of Cytokinetics, serving as EVP, Chief Commercial Officer. The reported transactions therefore reflect activity by a senior executive with direct ownership of company common stock and non-qualified stock options.