Nurix Therapeutics (NRIX) CLO sells 16,589 shares after option exercise
Rhea-AI Filing Summary
Christine Ring, Chief Legal Officer of Nurix Therapeutics, exercised employee stock options for 5,787 shares of common stock at an exercise price of $8.72 per share and, on the same date, sold 16,589 common shares at a weighted average price of $23.0489 (within a $22.67–$23.30 range). Following the option exercise, 122,824 stock options tied to common stock remain outstanding, expiring in 2034. These transactions were effected under a previously adopted Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Ring Christine
Role
Chief Legal Officer
Sold
16,589 shs ($382K)
Approx. gross sale proceeds
$382K
Approx. exercise cost
$50K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) F1, F3 | 5,787 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 5,787 | $8.72 | $50K |
| Sale | Common Stock F1, F2 | 16,589 | $23.0489 | $382K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 122,824 shares (Direct);
Common Stock — 9,110 shares (Direct)
Footnotes (3)
- 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 $22.67 and the highest price at which shares were sold was $23.30. 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 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: 16,589 shares
Weighted average sale price: $23.0489 per share
Sale price range: $22.67–$23.30 per share
+3 more
6 metrics
Shares sold
16,589 shares
Common Stock sold on 2026-08-03 at weighted average price
Weighted average sale price
$23.0489 per share
Average price for Common Stock sales on 2026-08-03
Sale price range
$22.67–$23.30 per share
Lowest and highest prices in the reported share sales
Options exercised
5,787 shares
Employee stock options exercised into Common Stock on 2026-08-03
Option exercise price
$8.72 per share
Exercise price of the employee stock option
Options remaining
122,824 shares
Stock options remaining after exercise, expiring 2034-02-12
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, Employee Stock Option, vests as to 1/36 of the total shares
4 terms
Rule 10b5-1 trading plan financial
"This transaction was effected pursuant to a Rule 10b5-1 trading plan"
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.
weighted average sale price financial
"Represents the weighted average sale price. The lowest price at"
Employee Stock Option financial
"security_title: Employee Stock Option (right to buy)"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock sale did Nurix Therapeutics (NRIX) report for Christine Ring?
Christine Ring sold 16,589 shares of Nurix Therapeutics common stock. The sale on August 3, 2026, was executed at a $23.0489 weighted average price per share, with prices ranging between $22.67 and $23.30, under a Rule 10b5-1 trading plan.
Did the NRIX insider transaction involve an option exercise by Christine Ring?
Yes. Christine Ring exercised 5,787 employee stock options, acquiring the same number of Nurix Therapeutics common shares. The options had an exercise price of $8.72 per share, and this exercise was part of the same Rule 10b5-1 trading plan as the reported stock sale.
How many Nurix Therapeutics (NRIX) stock options does Christine Ring hold after this transaction?
After the reported option exercise, 122,824 stock options tied to Nurix Therapeutics common stock remain outstanding for Christine Ring. These options are scheduled to expire on February 12, 2034 and vest in monthly installments, subject to continued service.
Was Christine Ring’s NRIX stock sale under a Rule 10b5-1 trading plan?
Yes. The transactions were effected pursuant to a previously adopted Rule 10b5-1 trading plan. Such plans pre-schedule trades, meaning the timing of the 16,589-share sale and related 5,787-share option exercise was set in advance rather than chosen discretionarily.