Inhibikase president forfeits 338,282 shares
Inhibikase Therapeutics executive Cabell Christopher reported the forfeiture of 338,282 shares of common stock back to the company.
Rhea-AI Filing Summary
Inhibikase Therapeutics executive Cabell Christopher reported the forfeiture of 338,282 shares of common stock back to the company. These shares had been received as part of the CorHepta Pharmaceuticals acquisition completed on February 21, 2025, but were subject to a milestone that had to be met by the first anniversary of that closing date.
On February 21, 2026, the milestone was determined not to have been achieved, causing all 338,282 shares to be returned to the issuer for no consideration. Following this disposition to the issuer, Christopher directly holds 676,564 shares of Inhibikase common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 338,282 | $0.00 | $0.00 |
Footnotes (1)
- F1. As previously reported on a Form 3/A filed on August 28, 2025, the Reporting Person received shares of Issuer common stock as merger consideration upon the completion of the acquisition of CorHepta Pharmaceuticals, Inc. on February 21, 2025 (the "Closing Date"), with 338,282 shares subject to forfeiture if a certain milestone is not achieved by the first anniversary of the Closing Date. On February 21, 2026, it was determined that such milestone was not achieved, resulting in the forfeiture of all 338,282 shares. The Reporting Person received no consideration from the Issuer in connection with such forfeiture.
FAQ
What insider transaction did Inhibikase Therapeutics (IKT) report for Cabell Christopher?
Was the Inhibikase (IKT) insider transaction a sale in the open market?
How is the CorHepta Pharmaceuticals acquisition linked to this Inhibikase (IKT) Form 4?
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