PTC Therapeutics holder plans sale of 40,000 shares
Section Six Partners, L.P., an affiliate of a PTCT director, files to sell 40,000 PTCT shares under Rule 144 after recent sales in the prior three months.
Rhea-AI Filing Summary
PTC Therapeutics, Inc. (PTCT) has a notice of proposed resale of its common stock filed on behalf of Section Six Partners, L.P., an affiliate of a director, under Rule 144. The notice covers 40,000 shares of common stock of PTCT, with an aggregate market value of $2,740,000 as of September 9, 2026. These shares were originally acquired on June 25, 2013 through an automatic conversion of preferred stock into common stock upon PTCT’s IPO, with the preferred stock purchased from the issuer for cash. In the prior three months, Section Six Partners, L.P. reported four separate sales of 12,500 shares each of PTCT common stock. Director Michael Schmertzler, a general and limited partner of Section Six Partners, L.P., disclaims beneficial ownership of the partnership’s shares except to the extent of his pecuniary interest.
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Key Figures
Key Terms
Rule 144 regulatory
Automatic Conversion of Preferred Stock into Common Stock upon IPO financial
affiliate of Director regulatory
pecuniary interest financial
FAQ
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What does the Form 144 filing mean for PTC Therapeutics, Inc. (PTCT)?
What prior PTCT stock sales did Section Six Partners, L.P. report in the last three months?
What does Michael Schmertzler’s beneficial ownership disclaimer in the PTCT Form 144 mean?
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