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4D Molecular Therapeutics (NASDAQ: FDMT) CEO sells 69K shares in preset plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

4D Molecular Therapeutics, Inc. (FDMT) reported that President and Chief Executive Officer David Kirn exercised stock options for 50,000 shares of common stock at an exercise price of $4.14 per share, reducing that option position to 217,500 options remaining. He then sold a total of 69,076 common shares in open-market transactions on August 19, 2026, including 43,149 shares at a weighted average price of $15.3566 (within a range of $14.91–$15.84) and 25,927 shares at a weighted average price of $16.4173 (within a range of $15.97–$16.65). The filing states these trades were made pursuant to a Rule 10b5-1 trading plan adopted on January 9, 2026.

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Insider Kirn David
Role See Remarks
Sold 69,076 shs ($1.09M)
Approx. gross sale proceeds $1.09M
Approx. exercise cost $207K
Type Security Shares Price Value
Exercise Stock Option (Right to Buy) F1, F4 50,000 $0.00 $0.00
Exercise Common Stock F1 50,000 $4.14 $207K
Sale Common Stock F1, F2 43,149 $15.3566 $663K
Sale Common Stock F1, F3 25,927 $16.4173 $426K
Holdings After Transaction: Stock Option (Right to Buy) — 217,500 shares (Direct); Common Stock — 825,819 shares (Direct)
Footnotes (4)
  1. F1. Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on January 9, 2026.
  2. F2. The transaction was executed in multiple trades in prices ranging from $14.91 to $15.84, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The reporting person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
  3. F3. The transaction was executed in multiple trades in prices ranging from $15.97 to $16.65, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The reporting person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
  4. F4. The shares underlying the stock option award shall vest and become exercisable as to 1/48th of the underlying shares on each monthly anniversary of March 6, 2025 (the "Vesting Commencement Date"), such that 100% of the shares subject to the option will be fully vested and exercisable on the fourth anniversary of the Vesting Commencement Date, while the grantee remains a service provider to the Company.
Options exercised 50,000 shares Stock option exercise on August 19, 2026 at $4.14 per share
Exercise price $4.14 per share Exercise price for 50,000 stock options into FDMT common stock
Options remaining after exercise 217,500 options Stock option position following the 50,000-share exercise
First sale tranche 43,149 shares at $15.3566 Weighted average sale price within $14.91–$15.84 range on August 19, 2026
Second sale tranche 25,927 shares at $16.4173 Weighted average sale price within $15.97–$16.65 range on August 19, 2026
Total shares sold 69,076 shares Aggregate FDMT common shares sold in two sale transactions
Option vesting schedule 1/48th monthly over 4 years Option vests monthly from March 6, 2025, fully vested on fourth anniversary
Rule 10b5-1 trading plan regulatory
"Transaction made pursuant to a 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 sale price financial
"The price reported in Column 4 above reflects the weighted average sale price"
Vesting Commencement Date financial
"on each monthly anniversary of March 6, 2025 (the "Vesting Commencement Date")"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
stock option award financial
"The shares underlying the stock option award shall vest and become exercisable"
A stock option award is a grant that gives an employee the right to buy a company’s shares at a fixed price for a limited time, often becoming available gradually over a set schedule. Investors care because these awards align workers’ incentives with company performance, can increase employee loyalty, and may create future share dilution and compensation expense that affect earnings per share and shareholder value.

FAQ

What did FDMT CEO David Kirn report in this Form 4 transaction?
He exercised options for 50,000 FDMT shares at $4.14 per share and then sold 69,076 common shares in open-market transactions on August 19, 2026, under a Rule 10b5-1 trading plan.

How many FDMT shares did David Kirn sell and at what prices?
He sold 69,076 FDMT common shares on August 19, 2026: 43,149 shares at a weighted average of $15.3566 (range $14.91–$15.84) and 25,927 shares at a weighted average of $16.4173 (range $15.97–$16.65).

What stock options did David Kirn exercise in FDMT?
He exercised 50,000 stock options for FDMT common stock at an exercise price of $4.14 per share. After this exercise, 217,500 options from that award remained outstanding, expiring on March 5, 2035.

Were the reported FDMT share sales by David Kirn under a Rule 10b5-1 plan?
Yes. The filing states the transactions were made pursuant to a Rule 10b5-1 trading plan adopted by David Kirn on January 9, 2026, which pre-arranged the trading activity disclosed.

How do David Kirn’s FDMT options vest according to this disclosure?
The filing states the stock option award vests as to 1/48th of the underlying shares each month starting from March 6, 2025, so the option becomes fully vested on the fourth anniversary while he remains a service provider.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kirn David
(Last)(First)(Middle)
C/O 4D MOLECULAR THERAPEUTICS INC.
5858 HORTON STREET #455
(Street)
EMERYVILLE CALIFORNIA 94608
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
4D Molecular Therapeutics, Inc. [ FDMT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
See Remarks
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/19/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock08/19/2026M(1)50,000A$4.14894,895D
Common Stock08/19/2026S(1)43,149D$15.3566(2)851,746D
Common Stock08/19/2026S(1)25,927D$16.4173(3)825,819D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy)$4.1408/19/2026M(1)50,000 (4)03/05/2035Common Stock50,000$0217,500D
Explanation of Responses:
1. Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on January 9, 2026.
2. The transaction was executed in multiple trades in prices ranging from $14.91 to $15.84, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The reporting person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
3. The transaction was executed in multiple trades in prices ranging from $15.97 to $16.65, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The reporting person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
4. The shares underlying the stock option award shall vest and become exercisable as to 1/48th of the underlying shares on each monthly anniversary of March 6, 2025 (the "Vesting Commencement Date"), such that 100% of the shares subject to the option will be fully vested and exercisable on the fourth anniversary of the Vesting Commencement Date, while the grantee remains a service provider to the Company.
Remarks:
President and Chief Executive Officer
/s/ Scott Bizily as Attorney-in-Fact for David Kirn08/21/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR