Equillium (EQ) accounting officer sells 65,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Equillium, Inc. Principal Accounting Officer Tom Penny exercised options and sold shares in a coordinated transaction. He exercised an employee stock option to acquire 65,000 shares of Common Stock at $0.785 per share, then sold 65,000 shares in an open-market transaction at a weighted average price of $2.95 per share, with individual sale prices ranging from $2.95 to $2.99. The sales were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on October 10, 2025, indicating they were scheduled in advance. Following these transactions, Penny reported owning no shares of Common Stock and the corresponding option for 65,000 shares was fully exercised with no remaining balance.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 65,000 shares ($191,750)
Net Sell
3 txns
Insider
Tom Penny
Role
Principal Accounting Officer
Sold
65,000 shs ($192K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 65,000 | $0.00 | -- |
| Exercise | Common Stock | 65,000 | $0.785 | $51K |
| Sale | Common Stock | 65,000 | $2.95 | $192K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct, null);
Common Stock — 65,000 shares (Direct, null)
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 10, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.95 to $2.99, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range. Twenty-five percent of the shares subject to the option vests on the first anniversary of the vesting commencement date, and the remainder vests in 36 equal monthly installments thereafter for the following three years.
Key Figures
Shares sold: 65,000 shares
Weighted average sale price: $2.95 per share
Option exercise price: $0.785 per share
+4 more
7 metrics
Shares sold
65,000 shares
Common Stock sold in open-market transaction
Weighted average sale price
$2.95 per share
Common Stock sales, prices ranged $2.95–$2.99
Option exercise price
$0.785 per share
Employee Stock Option for 65,000 underlying shares
Option shares exercised
65,000 shares
Employee Stock Option (right to buy) exercised
Option expiration date
January 30, 2029
Employee Stock Option expiration
Shares held after transaction
0 shares
Total Common Stock directly owned after sale
Net share change
-65,000 shares
Net of option exercise and subsequent sale
Key Terms
Rule 10b5-1 trading plan, weighted average price, Employee Stock Option (right to buy), Principal Accounting Officer, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported ... were effected pursuant to a Rule 10b5-1 trading plan adopted..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Employee Stock Option (right to buy) financial
"Security title is listed as Employee Stock Option (right to buy)."
Principal Accounting Officer financial
"Tom Penny is identified as the Principal Accounting Officer."
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
exercise or conversion of derivative security financial
"Transaction code M is described as Exercise or conversion of derivative security."
FAQ
What insider transaction did Equillium (EQ) report for Tom Penny?
Equillium reported that Principal Accounting Officer Tom Penny exercised options for 65,000 Common Stock shares at $0.785 each, then sold 65,000 shares in the open market at a weighted average price of $2.95 per share, fully exiting this equity position.
What employee stock option did Tom Penny exercise in Equillium (EQ)?
Tom Penny exercised an Employee Stock Option covering 65,000 underlying Common Stock shares at a conversion or exercise price of $0.785 per share. The option was scheduled to expire on January 30, 2029, and, after this exercise, the remaining balance for that option grant was reported as zero.