Nurix Therapeutics (NRIX) CLO sells 8,148 shares, exercises 3,422 options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nurix Therapeutics, Inc. Chief Legal Officer Christine Ring reported an open-market sale and an option exercise involving the company’s common stock. She sold 8,148 shares of common stock at a weighted average price of $16.5995 per share under a pre-arranged Rule 10b5-1 trading plan, with sale prices ranging from $16.35 to $17.10. In a related move, she exercised employee stock options covering 3,422 shares at an exercise price of $1.86 per share, converting them into common stock. Following these transactions, she directly holds 13,579 shares of common stock and 5,221 employee stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 8,148 shares ($135,253)
Net Sell
3 txns
Insider
Ring Christine
Role
Chief Legal Officer
Sold
8,148 shs ($135K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 3,422 | $0.00 | -- |
| Exercise | Common Stock | 3,422 | $1.86 | $6K |
| Sale | Common Stock | 8,148 | $16.5995 | $135K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 5,221 shares (Direct, null);
Common Stock — 21,727 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 $16.35 and the highest price at which shares were sold was $17.10. 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.
Key Figures
Shares sold: 8,148 shares
Weighted average sale price: $16.5995 per share
Options exercised: 3,422 shares
+3 more
6 metrics
Shares sold
8,148 shares
Open-market sale of common stock
Weighted average sale price
$16.5995 per share
Common stock sale price; range $16.35–$17.10
Options exercised
3,422 shares
Employee stock options converted into common stock
Option exercise price
$1.86 per share
Exercise or conversion price for employee stock options
Common shares after transactions
13,579 shares
Direct common stock holdings following transactions
Options remaining after exercise
5,221 options
Employee stock options outstanding after exercise
Key Terms
Rule 10b5-1 trading plan, Employee Stock Option (right to buy), weighted average sale price
3 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) transaction for 3,422.0000 shares at a conversion or exercise price of 1.8600."
weighted average sale price financial
"Represents the weighted average sale price. The lowest price at which shares were sold was $16.35 and the highest price at which shares were sold was $17.10."
FAQ
What insider transactions did Nurix Therapeutics (NRIX) disclose for Christine Ring?
Nurix Therapeutics disclosed that Chief Legal Officer Christine Ring sold 8,148 common shares and exercised options for 3,422 shares. These transactions involved open-market sales and an employee stock option exercise reported in a recent Form 4 filing.
What is Christine Ring’s Nurix Therapeutics (NRIX) stake after the reported transactions?
After the reported transactions, Christine Ring directly holds 13,579 shares of Nurix Therapeutics common stock and 5,221 employee stock options. These figures come from the post-transaction ownership amounts listed in the Form 4 filing.
Were the Nurix Therapeutics (NRIX) insider sales pre-planned under a Rule 10b5-1 plan?
Yes. The Form 4 footnotes state that the sale of Nurix Therapeutics shares by Christine Ring was effected pursuant to a previously adopted Rule 10b5-1 trading plan, indicating the trades were pre-arranged rather than discretionary.