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PTC Therapeutics director proposes $782K share sale

The proposed transaction names Fidelity Brokerage Services LLC and gives September 30, 2026, as the approximate sale date.

(Neutral)

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Form Type
144

Rhea-AI Filing Summary

PTC Therapeutics, Inc. (PTCT) director Glenn D. Steele Jr. reported a proposed sale of 12,000 common shares with an aggregate market value of $781,920.00. Fidelity Brokerage Services LLC is listed as the broker, and September 30, 2026, is the approximate sale date. The notice also lists 12,000 common shares acquired from the issuer through a stock option exercise, with cash payment, on September 30, 2026.

Common shares proposed for sale 12,000 shares Proposed sale
Aggregate market value $781,920.00 Proposed sale
Shares outstanding 83,460,802 shares Number shown in the securities information
Common shares acquired through stock option exercise 12,000 shares Acquired from the issuer on September 30, 2026, with cash payment
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Stock Option Exercise financial
"Stock Option Exercise"
A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.
attorney-in-fact regulatory
"as attorney-in-fact for Glenn D. Steele Jr"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many PTCT shares does director Glenn D. Steele Jr. propose to sell?

Glenn D. Steele Jr., a director of PTC Therapeutics, Inc., reported a proposed sale of 12,000 common shares with an aggregate market value of $781,920.00. Fidelity Brokerage Services LLC is listed as the broker, and the approximate sale date is September 30, 2026.

How did Glenn D. Steele Jr. acquire the PTCT shares listed for sale?

The notice lists 12,000 common shares acquired from the issuer through a stock option exercise on September 30, 2026, with cash payment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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