Nurix (NRIX) Chief Legal Officer exercises options and sells 11,008 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nurix Therapeutics, Inc. Chief Legal Officer Christine Ring reported an option exercise-and-sale transaction in company stock. She exercised employee stock options to acquire a total of 11,008 shares of common stock at exercise prices of $8.72 and $1.86 per share, then sold 11,008 shares in an open-market sale at a weighted average price of $23.5616 per share. The sale was carried out under a pre-arranged Rule 10b5-1 trading plan. After these transactions, she directly holds 13,579 shares of common stock and retains an employee stock option covering 128,611 shares at an exercise price of $8.72 per share, expiring on February 12, 2034.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 11,008 shares ($259,366)
Net Sell
5 txns
Insider
Ring Christine
Role
Chief Legal Officer
Sold
11,008 shs ($259K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 5,221 | $0.00 | -- |
| Exercise | Employee Stock Option (right to buy) | 5,787 | $0.00 | -- |
| Exercise | Common Stock | 5,221 | $1.86 | $10K |
| Exercise | Common Stock | 5,787 | $8.72 | $50K |
| Sale | Common Stock | 11,008 | $23.5616 | $259K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct, null);
Common Stock — 18,800 shares (Direct, null)
Footnotes (1)
- This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person. Represents the weighted average sale price. The lowest price at which shares were sold was $23.23 and the highest price at which shares were sold was $24.16. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein. The option vested as to 1/4 of the total shares on September 9, 2020, and then 1/48 of the total shares vested monthly thereafter until the option was fully vested on August 9, 2023. The stock option vests as to 1/36 of the total shares monthly beginning March 13, 2024, until the option is fully vested on February 13, 2027, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
Key Figures
Shares sold: 11,008 shares
Weighted average sale price: $23.5616 per share
Options exercised at $8.72: 5,787 shares
+3 more
6 metrics
Shares sold
11,008 shares
Open-market sale of common stock
Weighted average sale price
$23.5616 per share
Common stock sale on 2026-07-02
Options exercised at $8.72
5,787 shares
Employee stock option exercise
Options exercised at $1.86
5,221 shares
Employee stock option exercise
Shares owned after transactions
13,579 shares
Direct common stock holdings post-transaction
Remaining option grant
128,611 options at $8.72
Employee stock option expiring February 12, 2034
Key Terms
Rule 10b5-1 trading plan, Employee Stock Option (right to buy), open-market sale, weighted average sale price, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person."
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.
Employee Stock Option (right to buy) financial
"Employee Stock Option (right to buy) ... underlying security title Common Stock"
open-market sale financial
"transaction_action open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average sale price financial
"Represents the weighted average sale price."
exercise or conversion of derivative security financial
"transaction_code_description Exercise or conversion of derivative security"
FAQ
What did Nurix Therapeutics (NRIX) executive Christine Ring report in this Form 4?
Christine Ring, Chief Legal Officer of Nurix Therapeutics, reported exercising employee stock options for 11,008 shares and selling 11,008 common shares in an open-market transaction. The filing also updates her remaining share and option holdings following these transactions.
What stock options did Christine Ring exercise in this Nurix Therapeutics (NRIX) filing?
She exercised options covering 5,787 shares at an exercise price of $8.72 per share and 5,221 shares at an exercise price of $1.86 per share. These exercises converted previously granted employee stock options into Nurix Therapeutics common shares.
Does Christine Ring still hold Nurix Therapeutics (NRIX) stock options after this Form 4?
Yes. After exercising part of an option grant, she continues to hold an employee stock option for 128,611 shares at an exercise price of $8.72 per share, with an expiration date of February 12, 2034, subject to its vesting terms.