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Mirum Pharmaceuticals: Quan plans $1.42M share sale

The notice describes the sale as covering taxes tied to stock unit awards that vested November 2, 2026.

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Form Type
144

Rhea-AI Filing Summary

Mirum Pharmaceuticals, Inc. (MIRM) is identified as the issuer in a notice for former officer Joanne Quan’s planned sale of 14,684 common shares, listed at an aggregate market value of $1,423,907.48 and an approximate sale date of November 4, 2026. Morgan Stanley Smith Barney LLC is listed as broker. The notice describes the sale as a sell-to-cover transaction for taxes owed on recently vested stock unit awards; 14,684 restricted stock units vested November 2, 2026, as compensation for services to the issuer. Judit Ryvkin signed as attorney-in-fact.

Shares to be sold 14,684 shares Common Stock; approximate sale date November 4, 2026
Aggregate market value $1,423,907.48 Shares to be sold
Shares outstanding 65,282,044 shares Issuer securities information
Restricted stock units vesting 14,684 units November 2, 2026; compensation for services to the issuer
sell-to-cover transaction financial
"This is a sell-to-cover transaction for taxes owed"
A sell-to-cover transaction is when a person granted company stock (for example as part of compensation or option exercise) immediately sells enough of those shares to pay required taxes or exercise costs and keeps the rest. Think of it like cashing part of a bonus to cover the tax bill; it provides necessary cash without the holder needing outside funds. Investors watch these sales because they increase trading volume and slightly reduce insider holdings, but they often reflect routine tax or cost management rather than a judgment on the company’s prospects.
Restricted Stock Units financial
"Restricted Stock Units vesting under registered plan"
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.
Rule 144 regulatory
"sales required by paragraph (e) of Rule 144"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many MIRM shares does Joanne Quan plan to sell?

Joanne Quan’s notice lists a planned sale of 14,684 common shares, with an aggregate market value of $1,423,907.48. The approximate sale date is November 4, 2026.

Why is Joanne Quan selling MIRM shares?

The notice describes the planned sale as a sell-to-cover transaction for taxes owed related to recently vested stock unit awards. It lists 14,684 restricted stock units vesting November 2, 2026, as compensation for services to the issuer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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