Kymera (KYMR) CEO sells 50K shares after exercising options under 10b5-1 plan
Rhea-AI Filing Summary
Kymera Therapeutics, Inc. Chief Executive Officer Nello Mainolfi reported an option exercise and related stock sale. He exercised stock options to acquire 50,000 shares of Common Stock at an exercise price of $2.08 per share, then sold 50,000 Common shares at an average price of $119.00 per share.
Following these transactions, he directly owned 666,568 Common shares. The filing notes that the transactions were carried out under a pre-arranged Rule 10b5-1 trading plan dated March 24, 2026, and the options involved were fully vested and exercisable.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 50,000 shares ($5.85M approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
Mainolfi Nello
Role
Chief Executive Officer
Sold
50,000 shs ($5.95M)
Approx. gross sale proceeds
$5.95M
Approx. exercise cost
$104K
Approx. pre-tax spread
$5.85M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 45,559 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) | 4,441 | $0.00 | $0.00 |
| Exercise | Common Stock | 50,000 | $2.08 | $104K |
| Sale | Common Stock | 50,000 | $119.00 | $5.95M |
Holdings After Transaction:
Stock Option (Right to Buy) — 104,284 shares (Direct);
Common Stock — 666,568 shares (Direct)
Footnotes (2)
- F1. These transactions were effected pursuant to a Rule 10b5-1 trading plan dated March 24, 2026 adopted by the reporting person.
- F2. The shares underlying this stock option are fully vested and exercisable.
Key Figures
Shares sold: 50,000 shares
Sale price: $119.00 per share
Options exercised: 50,000 shares
+4 more
7 metrics
Shares sold
50,000 shares
Common Stock open-market sale on 2026-07-07 at $119.00
Sale price
$119.00 per share
Price for 50,000 Common shares sold on 2026-07-07
Options exercised
50,000 shares
Shares acquired via option exercise on 2026-07-07
Option exercise price
$2.08 per share
Conversion or exercise price for stock options exercised
Post-transaction holdings
666,568 shares
Common Stock directly owned after transactions
Rule 10b5-1 plan date
March 24, 2026
Trading plan governing these transactions
Option expiration date
November 13, 2029
Expiration for stock options at $2.08 exercise price
Key Terms
Rule 10b5-1 trading plan, Stock Option (Right to Buy), open-market sale, Exercise or conversion of derivative security, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"These transactions were effected pursuant to a Rule 10b5-1 trading plan dated March 24, 2026 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.
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)" with underlying security title Common Stock."
open-market sale financial
"transaction_action: "open-market sale" for 50,000 shares of Common Stock at $119.0000 per share."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security" for the option transactions."
fully vested and exercisable financial
"The shares underlying this stock option are fully vested and exercisable."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Kymera (KYMR) CEO Nello Mainolfi do in this Form 4 filing?
Nello Mainolfi exercised stock options for 50,000 Kymera shares at $2.08 per share and sold 50,000 Common shares at $119.00 per share. These transactions are reported as part of his direct ownership in the company.
Were the Kymera (KYMR) CEO’s trades made under a Rule 10b5-1 plan?
Yes. The Form 4 states the transactions were effected pursuant to a Rule 10b5-1 trading plan dated March 24, 2026. Such plans are pre-arranged trading programs that schedule transactions in advance under predetermined conditions.
What type of securities were involved in the Kymera (KYMR) CEO’s Form 4?
The filing covers Kymera Common Stock and related stock options described as “Stock Option (Right to Buy).” The options were fully vested and exercisable, and their exercise led to the acquisition of 50,000 Common shares reported in the non-derivative transactions table.
What do the stock options in the Kymera (KYMR) Form 4 represent?
The stock options, labeled “Stock Option (Right to Buy),” give the CEO the right to purchase Kymera Common Stock at a conversion price of $2.08 per share until their stated expiration date. The filing notes the underlying option shares are fully vested and exercisable.