Mineralys (MLYS) director receives stock option and RSU grants

Rhea-AI Filing Summary

SBLENDORIO GLENN reported acquisition or exercise transactions in this Form 4 filing.

Mineralys Therapeutics director Glenn Sblendorio reported equity awards consisting of 8,300 stock options and 6,200 shares of common stock on February 19, 2026. The common stock reflects restricted stock units granted for no cash consideration, vesting in one annual installment, while the options vest in 12 substantially equal monthly installments following the grant date.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SBLENDORIO GLENN

(Last) (First) (Middle)

150 N. RADNOR CHESTER RD.

SUITE F200

(Street)

RADNOR PA 19087

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Mineralys Therapeutics, Inc. [ MLYS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/19/2026		A		6,200(1)	A	$0	6,200	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$28.06	02/19/2026		A		8,300		(2)	02/19/2036	Common Stock	8,300	$0	8,300	D

Explanation of Responses:

1. Restricted Stock Units (RSUs) are granted to the reporting person for no additional cash consideration, each of which represents a contingent right to receive one share of common stock upon vesting of these RSUs in one annual installment following the date of grant.

2. The stock option vests in 12 substantially equal monthly installments following the date of grant.

Remarks:

	/s/ Adam Levy, Attorney-in-fact	02/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What equity awards did Mineralys Therapeutics (MLYS) director Glenn Sblendorio receive?

Glenn Sblendorio received 8,300 stock options and 6,200 shares of common stock as equity awards. The common stock reflects restricted stock units granted for no additional cash consideration, providing a mix of time-vested stock and options.

How do Glenn Sblendorio’s new restricted stock units in MLYS vest?

The restricted stock units granted to Glenn Sblendorio vest in one annual installment following the grant date. Each RSU represents a contingent right to receive one share of Mineralys Therapeutics common stock upon vesting, aligning compensation with future service.

What is the vesting schedule for Glenn Sblendorio’s Mineralys stock options?

The stock options granted to Glenn Sblendorio vest in 12 substantially equal monthly installments after the grant date. This structure spreads vesting over roughly one year, encouraging continued board service and aligning incentives over that period.

Did Glenn Sblendorio pay cash for the new MLYS restricted stock units?

No cash payment was required for the restricted stock units granted to Glenn Sblendorio. They were awarded for no additional cash consideration, giving him a contingent right to Mineralys common shares upon vesting.

Are Glenn Sblendorio’s reported MLYS transactions stock purchases on the open market?

No, the reported transactions are equity awards, not open-market purchases. They consist of a grant of restricted stock units and a grant of stock options, both awarded at a stated price of zero dollars per share.