Nurix CLO exercises options, sells 11,008 shares
Nurix Therapeutics, Inc. Chief Legal Officer Christine Ring reported an option exercise-and-sale transaction in company stock.
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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.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 5,221 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) | 5,787 | $0.00 | $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 |
Footnotes (4)
- F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
- F2. 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.
- F3. 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.
- F4. 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
Key Terms
Rule 10b5-1 trading plan regulatory
Employee Stock Option (right to buy) financial
open-market sale financial
weighted average sale price financial
exercise or conversion of derivative security financial
FAQ
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What did Nurix Therapeutics (NRIX) executive Christine Ring report in this Form 4?
What stock options did Christine Ring exercise in this Nurix Therapeutics (NRIX) filing?
Does Christine Ring still hold Nurix Therapeutics (NRIX) stock options after this Form 4?
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