Olema Pharmaceuticals (NASDAQ: OLMA) CLO nets 40,000-share stock sale
Rhea-AI Filing Summary
Olema Pharmaceuticals’ chief legal officer Mitchell Shawnte reported option exercises and related stock sales. On March 3–4, 2026, she exercised options for a total of 40,000 shares of common stock at $4.37 per share and sold 40,000 shares in open-market transactions at weighted average prices around the mid‑$20s. Following these trades, she reported 410,000 stock options outstanding and no directly held common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 25,000 | $0.00 | -- |
| Exercise | Common Stock | 25,000 | $4.37 | $109K |
| Sale | Common Stock | 24,767 | $24.25 | $601K |
| Sale | Comon Stock | 233 | $24.69 | $6K |
| Exercise | Stock Option (Right to Buy) | 15,000 | $0.00 | -- |
| Exercise | Common Stock | 15,000 | $4.37 | $66K |
| Sale | Common Stock | 15,000 | $23.01 | $345K |
Footnotes (1)
- The weighted average sale price for the transaction reported was $23.01, and the range of prices were between $22.89 and $23.19. Upon request from the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price will be provided. The weighted average sale price for the transaction reported was $24.25, and the range of prices were between $23.68 and $24.64. Upon request from the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price will be provided. The weighted average sale price for the transaction reported was $24.69, and the range of prices were between $24.68 and $24.70. Upon request from the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price will be provided. 25% of the shares subject to the option vest on February 28, 2026 and 1/48 of the total number of shares subject to the option vest each month thereafter, subject to the Reporting Person's continuous service through each applicable vesting date.
FAQ
What did Mitchell Shawnte report in the latest Olema (OLMA) Form 4?
Mitchell Shawnte reported exercising stock options and selling common shares of Olema Pharmaceuticals. She exercised options for 40,000 shares at $4.37 and sold 40,000 shares in open-market trades at weighted average prices in the low‑to‑mid $20s.
What stock options did Mitchell Shawnte exercise in Olema (OLMA)?
She exercised Olema stock options labeled “Stock Option (Right to Buy)” for 40,000 shares of common stock at an exercise price of $4.37 per share. After these exercises, she reported holding 410,000 option shares as of March 4, 2026.
What is the vesting schedule for Mitchell Shawnte’s Olema (OLMA) stock options?
One option grant vests 25% on February 28, 2026, with 1/48 of the total shares vesting monthly thereafter. Continued vesting is subject to her continuous service with Olema through each applicable vesting date, as disclosed in the footnote.