Maze Therapeutics (MAZE) CMO sells 15,000 shares, exercises options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Maze Therapeutics, Inc. President, R&D & CMO Harold Bernstein reported an exercise-and-sell transaction in Common Stock. On May 14, 2026, he exercised stock options to acquire 15,000 shares at $10.42 per share, then sold the same 15,000 shares in open-market transactions at a weighted average price of $26.2236 per share, with individual sale prices ranging from $25.77 to $26.44. These trades were made under a pre-arranged Rule 10b5-1 trading plan adopted on September 29, 2025. After the sale, he reported holding no Common Stock directly, while retaining 222,407 stock options with a $10.42 exercise price expiring on October 26, 2032.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 15,000 shares ($393,354)
Net Sell
3 txns
Insider
Bernstein Harold
Role
President, R&D & CMO
Sold
15,000 shs ($393K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 15,000 | $0.00 | -- |
| Exercise | Common Stock | 15,000 | $10.42 | $156K |
| Sale | Common Stock | 15,000 | $26.2236 | $393K |
Holdings After Transaction:
Stock Option (Right to Buy) — 222,407 shares (Direct, null);
Common Stock — 15,000 shares (Direct, null)
Footnotes (1)
- This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 29, 2025. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.77 to $26.44 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The option vested as to 1/4th of the total award on October 3, 2023, and thereafter vested or vests as to 1/48th of the total award on the monthly anniversary thereof, subject to the reporting person's continued service to the Issuer on each vesting date.
Key Figures
Shares sold: 15,000 shares
Weighted average sale price: $26.2236 per share
Options exercised: 15,000 shares
+4 more
7 metrics
Shares sold
15,000 shares
Common Stock sold in open-market transactions on May 14, 2026
Weighted average sale price
$26.2236 per share
Common Stock sale price range $25.77–$26.44 on May 14, 2026
Options exercised
15,000 shares
Common Stock acquired via option exercise on May 14, 2026
Option exercise price
$10.42 per share
Stock Option (Right to Buy) conversion price
Remaining stock options
222,407 options
Stock Option (Right to Buy) position after exercise, expiring October 26, 2032
10b5-1 plan adoption date
September 29, 2025
Date Harold Bernstein adopted the Rule 10b5-1 trading plan
Common shares held after sale
0 shares
Directly held Common Stock following the May 14, 2026 transactions
Key Terms
Rule 10b5-1 trading plan, weighted average price, Stock Option (Right to Buy), derivative security, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 29, 2025."
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.
weighted average price financial
"The reported price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) ... underlying security title: Common Stock"
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.
vesting financial
"The option vested as to 1/4th of the total award on October 3, 2023, and thereafter vested or vests as to 1/48th of the total award"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did MAZE executive Harold Bernstein report?
Harold Bernstein reported an exercise-and-sell transaction involving 15,000 shares of Maze Therapeutics Common Stock. He exercised options to buy 15,000 shares at $10.42, then sold those 15,000 shares in open-market trades at a weighted average price of $26.2236 per share.
Were Harold Bernstein’s MAZE stock sales under a Rule 10b5-1 plan?
Yes. The Form 4 states the sales were effected under a Rule 10b5-1 trading plan adopted on September 29, 2025. Such pre-arranged plans schedule trades in advance, helping separate routine portfolio management from discretionary market-timing decisions.
What stock option position does Harold Bernstein retain in MAZE after this transaction?
Following the reported transactions, he holds 222,407 stock options with a $10.42 per-share exercise price. These options relate to Maze Therapeutics Common Stock and are scheduled to expire on October 26, 2032, according to the Form 4 derivative transaction details.
What role does Harold Bernstein hold at Maze Therapeutics (MAZE)?
In this Form 4, Harold Bernstein is identified as an officer of Maze Therapeutics serving as President, R&D & CMO. The filing reports his personal transactions in Maze Therapeutics equity, including both option exercises and related open-market share sales.