Neurocrine legal chief sells 10,000 shares at $179
Neurocrine Biosciences Inc. Chief Legal Officer Darin Lippoldt reported an open-market sale of 10,000 shares of common stock at a weighted average price of $179.6014 per share.
Rhea-AI Filing Summary
Neurocrine Biosciences Inc. Chief Legal Officer Darin Lippoldt reported an open-market sale of 10,000 shares of common stock at a weighted average price of $179.6014 per share. The sale was executed by a broker under a pre-arranged Rule 10b5-1 trading plan adopted on June 9, 2025, with individual trade prices ranging from $179.50 to $179.80.
On the same date, Lippoldt also exercised non-qualified stock options covering 10,000 shares of common stock at an exercise price of $81.49 per share, reducing the reported option balance to 4,965 options on this grant. These options were granted on February 5, 2018, vested in 48 equal monthly installments beginning March 5, 2018, and are scheduled to expire on February 5, 2028.
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Filing Explained
The July 9 filing records an officer’s option exercise and matched sale, changing his holdings without disclosing an issuer-level change for common holders.
Darin Lippoldt, Neurocrine Biosciences’ Chief Legal Officer, reported on
Under Form 4 codes, M identifies an option or derivative exercise and S identifies an open-market sale. The filing says the sale was executed by a broker under a Rule 10b5-1 plan adopted on
After the exercise, his directly held common stock was reported at 64,729 shares; after the sale, it was reported at 54,729 shares, while 4,965 options remained directly held. The sale price was a weighted average of
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option F3 | 10,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,000 | $81.49 | $815K |
| Sale | Common Stock F1, F2 | 10,000 | $179.6014 | $1.80M |
Footnotes (3)
- F1. The disposition reported in this Form 4 was effected by a broker pursuant to instructions set forth in a Rule 10b5-1 trading plan adopted by the Reporting Person on June 9, 2025. Additionally, Issuer policy restricts the Reporting Person from amending or otherwise modifying any 10b5-1 trading plan subsequent to adoption of the plan.
- F2. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $179.50 to $179.80. The Reporting Person has provided to the issuer, and will provide to any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
- F3. The option was granted February 5, 2018 and vested in 48 equal monthly installments beginning March 5, 2018.
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