Praxis PRAX insider option exercises and share sales for estate planning
Rhea-AI Filing Summary
Praxis Precision Medicines (PRAX) reported insider activity by its Principal Accounting Officer on a Form 4. On 11/20/2025, the officer exercised multiple stock options, acquiring Praxis common stock at exercise prices of $49.5, $83.85, $133.65, $43.37, $44.4, and $56.94 per share. The same day, the officer sold 11,455 shares at a weighted average price of $191.958 and 2,145 shares at a weighted average price of $192.711, in multiple transactions within narrow price ranges. After these transactions, the officer beneficially owned 10,441.656 shares of Praxis common stock directly. The filing notes that the transactions were effected for estate planning purposes, and several option grants referenced were already fully vested or continue to vest over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 1,047 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 508 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 1,557 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 2,680 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 207 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 2,351 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 5,250 | $0.00 | -- |
| Exercise | Common Stock | 1,047 | $49.50 | $52K |
| Exercise | Common Stock | 508 | $83.85 | $43K |
| Exercise | Common Stock | 1,557 | $133.65 | $208K |
| Exercise | Common Stock | 2,680 | $43.37 | $116K |
| Exercise | Common Stock | 207 | $44.40 | $9K |
| Exercise | Common Stock | 2,351 | $44.40 | $104K |
| Exercise | Common Stock | 5,250 | $56.94 | $299K |
| Sale | Common Stock | 11,455 | $191.958 | $2.20M |
| Sale | Common Stock | 2,145 | $192.711 | $413K |
Footnotes (1)
- The price reported is a weighted average price. The securities were sold in multiple transactions at per share prices ranging from $191.500 to $192.432. The Reporting Person undertakes to provide upon request from the SEC staff, the Issuer, or any shareholder of the Issuer, full information regarding the number of securities sold at each separate price within the range set forth in this footnote. The price reported is a weighted average price. The securities were sold in multiple transactions at per share prices ranging from $192.552 to $193.109. The Reporting Person undertakes to provide upon request from the SEC staff, the Issuer, or any shareholder of the Issuer, full information regarding the number of securities sold at each separate price within the range set forth in this footnote. This option was fully vested as of January 1, 2023. This option was fully vested as of May 28, 2024. This option was fully vested as of September 8, 2024. The shares underlying this stock option vested as to 50% on January 12, 2024 and the remaining 50% vesting over a four-year period, with 25% of such shares vesting on January 12, 2025 and the remaining vesting in substantially equal monthly installments over the following 36 months, subject to the Reporting Person's continued service through each vesting date. The shares underlying this stock option vested as to 25% on January 12, 2024 and the remaining shares vest in substantially equal monthly installments over the following 36 months, subject to the Reporting Person's continued service through each vesting date. The shares underlying this stock option vested as to 7/48ths on July 29, 2024 and the remaining shares vest in substantially equal monthly installments over the following 41 months, subject to the Reporting Person's continued service through each vesting date.
FAQ
What insider transaction did Praxis Precision Medicines (PRAX) disclose?
Praxis Precision Medicines disclosed that its Principal Accounting Officer filed a Form 4 showing multiple stock option exercises into common stock and same-day sales of a portion of those shares on 11/20/2025.
At what prices were the Praxis (PRAX) stock options exercised?
The options were exercised into Praxis common stock at exercise prices of $49.5, $83.85, $133.65, $43.37, $44.4, and $56.94 per share, as listed in the Form 4 tables.
What reason was given for the Praxis insider transactions?
The remarks state that the transactions reported were effected for estate planning purposes, indicating a personal financial-planning motive for the option exercises and share sales.
Were the Praxis (PRAX) stock options fully vested at the time of exercise?
Several options were disclosed as fully vested as of specific dates (such as January 1, 2023, May 28, 2024, and September 8, 2024), while others vest in scheduled installments over future months and years.