Praxis (NASDAQ: PRAX) accounting officer adds shares through employee stock purchase plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Praxis Precision Medicines principal accounting officer Lauren Mastrocola reported an acquisition of company stock through an employee plan. On this Form 4, she acquired 127 shares of Praxis Precision Medicines, Inc. common stock at $167.943 per share. These shares were purchased under the Praxis Precision Medicines, Inc. Employee Stock Purchase Plan in transactions exempt under Rule 16b-3(d) and Rule 16b-3(c). After this award, she directly holds a total of 13,572.656 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mastrocola Lauren
Role
Principal Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 127 | $167.943 | $21K |
Holdings After Transaction:
Common Stock — 13,572.656 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 127 shares
Acquisition price: $167.943 per share
Post-transaction holdings: 13,572.656 shares
3 metrics
Shares acquired
127 shares
Common stock grant/award acquisition on May 14, 2026
Acquisition price
$167.943 per share
Price for 127 acquired common shares
Post-transaction holdings
13,572.656 shares
Total common shares directly held after the Form 4 transaction
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c), Grant, award, or other acquisition
4 terms
Employee Stock Purchase Plan financial
"These shares were acquired under the Praxis Precision Medicines, Inc. Employee Stock Purchase Plan in transactions that were exempt..."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rule 16b-3(d) regulatory
"transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c)."
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Rule 16b-3(c) regulatory
"transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c)."
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Praxis Precision Medicines (PRAX) report in this Form 4 for Lauren Mastrocola?
Praxis Precision Medicines reported that principal accounting officer Lauren Mastrocola acquired 127 shares of common stock. The shares were obtained through the company’s Employee Stock Purchase Plan and are classified as a grant or award acquisition, reflecting routine equity-based compensation rather than an open-market trade.
Was the Praxis Precision Medicines (PRAX) Form 4 transaction by Lauren Mastrocola an open-market purchase or a plan acquisition?
The transaction was a plan acquisition, not an open-market purchase. The footnote explains the 127 shares were acquired under the Praxis Precision Medicines, Inc. Employee Stock Purchase Plan in transactions exempt under Rule 16b-3(d) and Rule 16b-3(c), indicating routine, plan-based equity participation.
What SEC rules are cited in the Praxis Precision Medicines (PRAX) Form 4 footnote for this transaction?
The Form 4 footnote states that the shares were acquired in transactions exempt under Rule 16b-3(d) and Rule 16b-3(c). These rules provide exemptions for certain insider transactions involving employee benefit or stock purchase plans, clarifying the regulatory treatment of this equity award acquisition.