Evommune (EVMN) CSO exercises 1,488 options and sells shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Evommune, Inc. Chief Scientific Officer Jeegar Pravinkumar Patel executed an option exercise and related share sale in Evommune (EVMN) stock. On June 22, 2026, he exercised 1,488 employee stock options at $3.84 per share and sold 1,488 common shares in an open-market transaction at $22.50 per share. Following these transactions, he directly holds 46,403 shares of common stock and 27,842 employee stock options, which are scheduled to vest over time and expire on May 11, 2033. The filing notes that the trades were made under a pre-arranged Rule 10b5-1 trading plan adopted on February 27, 2026, indicating the timing was set in advance.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,488 shares ($33,480)
Net Sell
3 txns
Insider
Patel Jeegar Pravinkumar
Role
Chief Scientific Officer
Sold
1,488 shs ($33K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 1,488 | $0.00 | -- |
| Exercise | Common Stock | 1,488 | $3.84 | $6K |
| Sale | Common Stock | 1,488 | $22.50 | $33K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 27,842 shares (Direct, null);
Common Stock — 47,891 shares (Direct, null)
Footnotes (1)
- The transactions were pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 27, 2026. One fourth (1/4) of the shares subject to the option award shall vest on the first anniversary of the grant date and the remaining shares subject to the option shall vest in thirty-six (36) equal monthly installments thereafter, subject to the Reporting Person's continuous service through such vesting date.
Key Figures
Shares sold: 1,488 shares
Sale price: $22.50 per share
Options exercised: 1,488 options
+5 more
8 metrics
Shares sold
1,488 shares
Open-market sale of common stock on June 22, 2026 at $22.50
Sale price
$22.50 per share
Price for 1,488 Evommune common shares sold on June 22, 2026
Options exercised
1,488 options
Employee stock options exercised into common stock on June 22, 2026
Option strike price
$3.84 per share
Exercise price for 1,488 employee stock options
Shares held after
46,403 shares
Direct common stock holdings following transactions on June 22, 2026
Options remaining
27,842 options
Employee stock options outstanding after the June 22, 2026 exercise
Option expiration
May 11, 2033
Expiration date for the employee stock option grant
10b5-1 plan adoption
February 27, 2026
Date Jeegar Patel adopted the Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 trading plan, Employee Stock Option (Right to Buy), derivative security
3 terms
Rule 10b5-1 trading plan regulatory
"The transactions were pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 27, 2026."
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.
Employee Stock Option (Right to Buy) financial
"Employee Stock Option (Right to Buy) listed as a derivative security with underlying common stock."
derivative security financial
"Transaction code "M" is described as 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 insider transactions did Evommune (EVMN) report for Jeegar Patel?
Evommune reported that Chief Scientific Officer Jeegar Pravinkumar Patel exercised 1,488 employee stock options at $3.84 per share and sold 1,488 common shares at $22.50 per share on June 22, 2026, in an open-market transaction.
Was the Evommune (EVMN) insider trade under a Rule 10b5-1 plan?
Yes. The Form 4 footnotes state the June 22, 2026 transactions were executed under a Rule 10b5-1 trading plan that Jeegar Pravinkumar Patel adopted on February 27, 2026, meaning the trades were pre-arranged rather than timed discretionarily.
What stock options does Jeegar Patel still have at Evommune (EVMN)?
After exercising 1,488 options, Jeegar Pravinkumar Patel still holds 27,842 employee stock options. The footnotes explain these options vest over time, with installments after the first anniversary of the grant date, and they expire on May 11, 2033.
How does this Evommune (EVMN) Form 4 classify Jeegar Patel’s transactions?
The Form 4 shows an open-market sale coded “S” for 1,488 common shares and two “M” coded transactions for exercising derivative securities. Overall, the transaction summary reflects one sale and derivative exercises totaling 1,488 shares exercised.