Praxis (PRAX) CEO acquires 126 ESPP shares as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Praxis Precision Medicines CEO Marcio Souza reported a routine compensation-related stock acquisition. On May 14, 2026, he acquired 126 shares of Common Stock at $167.943 per share under the company’s Employee Stock Purchase Plan in transactions exempt under Rule 16b-3(d) and Rule 16b-3(c). Following this grant, he directly owns 77,016 shares of Praxis common stock and has an additional 2,600 shares held indirectly through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Souza Marcio
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 126 | $167.943 | $21K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 77,016 shares (Direct, null);
Common Stock — 2,600 shares (Indirect, Held by spouse)
Footnotes (1)
- [object Object]
Key Figures
ESPP shares acquired: 126 shares
ESPP share price: $167.943 per share
Direct holdings after transaction: 77,016 shares
+1 more
4 metrics
ESPP shares acquired
126 shares
Common Stock granted under Employee Stock Purchase Plan on May 14, 2026
ESPP share price
$167.943 per share
Price for 126 ESPP shares acquired by CEO
Direct holdings after transaction
77,016 shares
Praxis common stock directly owned by CEO after ESPP acquisition
Indirect holdings
2,600 shares
Praxis common stock held indirectly by spouse as a reported holding
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c), indirect ownership
4 terms
Employee Stock Purchase Plan financial
"These shares were acquired under the Praxis Precision Medicines, Inc. Employee Stock Purchase Plan"
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.
indirect ownership financial
"total_shares_following_transaction: 2600.0000, direct_or_indirect: I, nature_of_ownership: Held by spouse"
FAQ
What insider transaction did Praxis (PRAX) CEO Marcio Souza report?
Praxis CEO Marcio Souza reported acquiring 126 shares of common stock. The shares were obtained through the Employee Stock Purchase Plan as a compensation-related award, rather than an open-market purchase, and are disclosed as exempt under SEC Rule 16b-3 provisions.