Eton Pharmaceuticals (NASDAQ: ETON) insider sells 50K shares
Rhea-AI Filing Summary
Eton Pharmaceuticals, Inc. (ETON) director Paul V. Maier exercised employee stock options for 50,000 shares of common stock at an exercise price of $3.78 per share and concurrently sold 50,000 shares of common stock on 2026-08-28 in multiple open-market transactions at weighted-average prices between about $58.50 and $61.98 per share. Following the option exercise, the reported option position was reduced to zero.
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Negative
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Insider Trade Summary
Exercise and Sale: 50,000 shares ($2.76M approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
MAIER PAUL V
Role
Director
Sold
50,000 shs ($2.95M)
Approx. gross sale proceeds
$2.95M
Approx. exercise cost
$189K
Approx. pre-tax spread
$2.76M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option F3 | 50,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 50,000 | $3.78 | $189K |
| Sale | Common Stock F1, F2 | 36,387 | $58.64 | $2.13M |
| Sale | Common Stock F1, F4 | 13,485 | $60.21 | $812K |
| Sale | Common Stock F1, F5 | 128 | $61.77 | $8K |
Holdings After Transaction:
Employee Stock Option — 0 shares (Direct);
Common Stock — 59,745 shares (Direct)
Footnotes (5)
- F1. The Reporting Person will provide upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.
- F2. The shares were sold in multiple trades at prices ranging from $58.50 to $58.97. The price reported above reflects the weighted average sales price.
- F3. The shares subject to the option vested in 48 equal monthly installments from the date of grant (2-07-2022) until fully vested.
- F4. The shares were sold in multiple trades at prices ranging from $60.00 to $61.00. The price reported above reflects the weighted average sales price.
- F5. The shares were sold in multiple trades at prices ranging from $61.10 to $61.98. The price reported above reflects the weighted average sales price.
Key Figures
Options exercised: 50,000 shares of Employee Stock Option
Option exercise price: $3.78 per share
Common shares acquired via exercise: 50,000 shares of Common Stock
+5 more
8 metrics
Options exercised
50,000 shares of Employee Stock Option
Exercised into common stock on 2026-08-28
Option exercise price
$3.78 per share
Employee Stock Option for 50,000 shares
Common shares acquired via exercise
50,000 shares of Common Stock
Received upon option exercise on 2026-08-28
Common shares sold (block 1)
36,387 shares at $58.64 per share
Weighted average price; trades from $58.50 to $58.97
Common shares sold (block 2)
13,485 shares at $60.21 per share
Weighted average price; trades from $60.00 to $61.00
Common shares sold (block 3)
128 shares at $61.77 per share
Weighted average price; trades from $61.10 to $61.98
Net shares sold
50,000 shares
Net of option exercise and sales, per transaction summary
Option vesting schedule
48 equal monthly installments
From grant date 2022-02-07 until fully vested
Key Terms
Employee Stock Option, derivative security, weighted average sales price, open market or private transaction
4 terms
Employee Stock Option financial
"security_title": "Employee Stock Option""
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
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.
weighted average sales price financial
"The price reported above reflects the weighted average sales price."
open market or private transaction financial
"transaction_code_description": "Sale in open market or private transaction""
FAQ
What insider transactions did ETON director Paul V. Maier report on this Form 4?
Paul V. Maier exercised 50,000 employee stock options at $3.78 per share into common stock and then sold 50,000 common shares on 2026-08-28 in several open-market trades at weighted-average prices between about $58.50 and $61.98 per share.
How many ETON options did Paul V. Maier exercise and at what price?
He exercised 50,000 employee stock options, each with an exercise price of $3.78 per share. These options were granted on 2022-02-07, vested in 48 equal monthly installments, and were originally scheduled to expire on 2032-02-06.
What happened to Paul V. Maier’s ETON stock options after these transactions?
After the 2026-08-28 transaction, the reported position in the employee stock option for 50,000 shares was reduced to 0, indicating the option was fully exercised.
Did the footnotes provide details on ETON trade price ranges for these sales?
Yes. Footnotes state the 36,387-share sale occurred between $58.50–$58.97, the 13,485-share sale between $60.00–$61.00, and the 128-share sale between $61.10–$61.98, with the prices reported as weighted average sales prices.
AI-generated analysis. How Rhea-AI works. Not financial advice.
