[Form 4] HERON THERAPEUTICS, INC. /DE/ Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Heron Therapeutics executive William P. Forbes exercised restricted stock units into common shares in a routine compensation-related move. On April 19, 2026, he converted 3,874 restricted stock units, receiving the same number of common shares at a stated price of $0.00 per share, reflecting vesting rather than an open-market purchase or sale.
Following this transaction, Forbes directly held 185,647 shares of common stock and 27,120 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock, and the units vest in 16 equal quarterly installments beginning one quarter after the January 19, 2024 grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,874 shares exercised/converted
Mixed
2 txns
Insider
Forbes William P
Role
EVP, Chief Development Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,874 | $0.00 | -- |
| Exercise | Common Stock | 3,874 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 27,120 shares (Direct, null);
Common Stock — 185,647 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock. The restricted stock units vest in 16 equal quarterly installments beginning one quarter after the date of grant (01/19/2024).
Key Figures
RSUs exercised: 3,874 shares
Exercise price: $0.00 per share
Common shares held: 185,647 shares
+2 more
5 metrics
RSUs exercised
3,874 shares
Restricted stock units converted to common stock on April 19, 2026
Exercise price
$0.00 per share
Stated transaction price for RSU conversion
Common shares held
185,647 shares
Direct common stock holdings after the transaction
RSUs remaining
27,120 units
Restricted stock units outstanding after the exercise
Vesting schedule
16 quarterly installments
RSUs vest in 16 equal quarterly installments after 01/19/2024 grant
Key Terms
Restricted Stock Units, derivative security, contingent right, vest
4 terms
Restricted Stock Units financial
"The restricted stock units vest in 16 equal quarterly installments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
vest financial
"The restricted stock units vest in 16 equal quarterly installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
