4D Molecular legal chief sells 584 shares post-exercise
FDMT’s Chief Legal Officer exercised and sold 584 shares under a pre-arranged Rule 10b5-1 trading plan, leaving 2,959 option shares from the award outstanding.
Rhea-AI Filing Summary
4D Molecular Therapeutics, Inc. (FDMT) reported that its Chief Legal Officer, Scott Bizily, exercised options for 584 shares of common stock on September 1, 2026 at an exercise price of $6.49 per share and sold the same 584 shares at $14.00 per share. The option exercise and related sale were made under a Rule 10b5-1 trading plan adopted on January 13, 2026. Following the exercise, 2,959 option shares remain outstanding from this award, which vests in equal monthly installments over four years starting June 16, 2022.
Positive
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Insider Trade Summary 10b5-1
Exercise and Sale: 584 shares ($4K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Bizily Scott
Role
Chief Legal Officer
Sold
584 shs ($8K)
Approx. gross sale proceeds
$8K
Approx. exercise cost
$4K
Approx. pre-tax spread
$4K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F1, F2 | 584 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 584 | $6.49 | $4K |
| Sale | Common Stock F1 | 584 | $14.00 | $8K |
Holdings After Transaction:
Stock Option (Right to Buy) — 2,959 contracts (Direct);
Common Stock — 8,617 shares (Direct)
Footnotes (2)
- F1. Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on January 13, 2026.
- F2. 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 June 16, 2022 (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.
Key Figures
Shares exercised: 584 shares
Exercise price: $6.49 per share
Shares sold: 584 shares
+4 more
7 metrics
Shares exercised
584 shares
Options exercised on September 1, 2026 by the Chief Legal Officer
Exercise price
$6.49 per share
Exercise price for 584 option shares converted into common stock
Shares sold
584 shares
Common shares sold on September 1, 2026 following option exercise
Sale price
$14.00 per share
Per-share price for the 584 common shares sold
Remaining option shares
2,959 shares
Option shares reported as held after the exercise
Vesting schedule
1/48th monthly over 4 years
Option vests each month from June 16, 2022 until the fourth anniversary
Rule 10b5-1 plan adoption date
January 13, 2026
Date the pre-arranged trading plan governing these trades was adopted
Key Terms
Rule 10b5-1 trading plan, Vesting Commencement Date, service provider
3 terms
Rule 10b5-1 trading plan regulatory
"Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person"
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.
Vesting Commencement Date financial
"on each monthly anniversary of June 16, 2022 (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.
service provider financial
"fully vested and exercisable on the fourth anniversary ... while the grantee remains a service provider"
FAQ
What insider transactions did FDMT’s Chief Legal Officer report on September 1, 2026?
FDMT’s Chief Legal Officer reported exercising options for 584 shares of common stock at $6.49 per share and selling 584 shares at $14.00 per share on September 1, 2026.
Was the FDMT insider sale on September 1, 2026 made under a Rule 10b5-1 plan?
Yes. The filing states the transactions were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 13, 2026.
What is the option position remaining for the FDMT Chief Legal Officer after these transactions?
After exercising 584 shares, the reporting person holds 2,959 option shares from this award, according to the reported post-transaction option balance.
What is the vesting schedule of the FDMT stock option involved in this Form 4?
The footnote explains the option vests as to 1/48th of the underlying shares on each monthly anniversary of June 16, 2022, becoming fully vested on the fourth anniversary while the holder remains a service provider.
AI-generated analysis. How Rhea-AI works. Not financial advice.