[Form 4] Gossamer Bio, Inc. Insider Trading Activity
Robert Paul Smith Jr., identified as an Officer (Chief Commercial Officer) of Gossamer Bio, Inc. (GOSS), reported a securities acquisition on 10/01/2025. The filing shows an award of 162,500 performance stock units issued at $0 that will vest in full upon the earlier of (i) approval of a new drug application for seralutinib or (ii) a change in control, in either case on or before the fourth anniversary of the grant, and subject to his continuous service to the company. The filing also discloses 25,000 shares held indirectly by a family trust. The Form 4 was submitted by one reporting person and signed by an attorney-in-fact on 10/02/2025.
- 162,500 performance stock units awarded tying pay to seralutinib NDA approval or change in control
- 25,000 shares held indirectly by a family trust, increasing disclosed insider alignment
- None.
Insights
Performance award of 162,500 units vests on NDA approval or change in control.
The grant is structured as performance stock units that carry no immediate cash cost ($0) to the reporting person and vest only upon specific corporate events: approval of an NDA for seralutinib or a change in control, each capped at the fourth anniversary of the grant. This aligns executive payout to milestone outcomes and ties potential equity realization to either product approval or corporate transaction.
The award remains subject to the reporting person's continuous service, which can forfeit units if employment terminates before vesting.
Reporting shows direct and indirect ownership totaling 187,500 shares (162,500 direct, 25,000 indirect).
The Form 4 records a direct beneficial interest in 162,500 performance stock units and an indirect holding of 25,000 shares via a family trust. The filing was made as an individual report and executed by an attorney-in-fact, indicating formal compliance with Section 16 reporting requirements.
No derivative instruments, exercised options, or cash purchases are reported in this filing.