Mirum Pharma officer plans $978K stock sale
Officer Eric Bjerkholt filed a Rule 144 notice to sell Mirum Pharmaceuticals shares mainly to cover taxes on recently vested stock units.
Rhea-AI Filing Summary
Mirum Pharmaceuticals, Inc. (MIRM) has a planned sale of up to 9,943 shares of common stock under Rule 144 for the account of officer Eric Bjerkholt, through Morgan Stanley Smith Barney LLC. The notice describes the sale as a sell-to-cover transaction for taxes on recently vested stock unit awards.
The filing also reports prior sales by Bjerkholt in the last three months totaling 11,001 shares of Mirum common stock.
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Key Figures
Planned shares to be sold: 9,943 shares
Aggregate market value of planned sale: $978,092.91
Shares outstanding: 64,932,203 shares
+4 more
7 metrics
Planned shares to be sold
9,943 shares
Common stock covered by the new Rule 144 notice for Eric Bjerkholt
Aggregate market value of planned sale
$978,092.91
Value associated with the 9,943 shares listed in the securities information section
Shares outstanding
64,932,203 shares
Mirum Pharmaceuticals common stock referenced in the securities information section
Shares sold August 11, 2026
6,001 shares
Common stock sold by Eric Bjerkholt with aggregate value $599,509.68
Aggregate value August 11, 2026 sale
$599,509.68
Value of 6,001 shares of Mirum common stock sold
Shares sold July 6, 2026
5,000 shares
Common stock sold by Eric Bjerkholt with aggregate value $611,270.00
Aggregate value July 6, 2026 sale
$611,270.00
Value of 5,000 shares of Mirum common stock sold
Key Terms
Rule 144, Restricted Stock Units, sell-to-cover transaction
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) 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.
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.
sell-to-cover transaction financial
"This is a sell-to-cover transaction for taxes owed related to recent vesting"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Mirum Pharmaceuticals (MIRM) disclose in this Form 144 filing?
The notice states that officer Eric Bjerkholt plans to sell up to 9,943 shares of Mirum Pharmaceuticals common stock under Rule 144, primarily as a sell-to-cover transaction for taxes related to recently vested stock unit awards granted by the company.
What Mirum (MIRM) insider sales occurred in the past three months?
The filing reports that Eric Bjerkholt sold 6,001 shares of Mirum common stock on August 11, 2026 for an aggregate value of $599,509.68, and 5,000 shares on July 6, 2026 for an aggregate value of $611,270.00.
Who is the broker for the Mirum (MIRM) Rule 144 sale?
The planned sale of Mirum Pharmaceuticals common stock is to be executed through Morgan Stanley Smith Barney LLC, located at 1 New York Plaza in New York. This broker is listed as handling the 9,943-share Rule 144 transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.