PTC Therapeutics (NASDAQ: PTCT) CTO exercises options, sells 8,130 shares under 10b5-1 plan
Rhea-AI Filing Summary
PTC Therapeutics chief technical operations officer Neil Gregory Almstead reported an options exercise and pre-planned share sale. He exercised stock options to acquire 8,130 shares of common stock at an exercise price of $38.10 per share and sold 8,130 shares in open-market transactions at weighted average prices in the mid-$85 range, pursuant to a Rule 10b5-1 trading plan adopted on November 11, 2025. Following these transactions, he holds 60,137 shares of PTC Therapeutics common stock directly and 2,737 shares indirectly through his spouse.
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Insights
Routine 10b5-1 exercise-and-sell by a senior executive, with sizable remaining holdings.
Neil Gregory Almstead, chief technical operations officer of PTC Therapeutics, exercised stock options to acquire 8,130 shares of common stock at an exercise price of $38.10 per share and sold 8,130 shares in open-market transactions. The filing states these sales were executed under a written Rule 10b5-1 trading plan adopted on November 11, 2025, indicating they were pre-arranged rather than opportunistic.
After the transactions, Almstead holds 60,137 common shares directly and 2,737 shares indirectly through his spouse, suggesting the activity represents a partial monetization rather than an exit. The presence of remaining stock option positions with an exercise price of $38.10 per share and expiration on January 6, 2032 indicates ongoing equity-based incentives, though the filing does not quantify their overall value or proportion of his total compensation.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 412 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 7,718 | $0.00 | -- |
| Exercise | Common Stock | 412 | $38.10 | $16K |
| Sale | Common Stock | 412 | $85.23 | $35K |
| Exercise | Common Stock | 7,718 | $38.10 | $294K |
| Sale | Common Stock | 7,718 | $85.26 | $658K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- This transaction was effected pursuant to a written Rule 10b5-1 plan adopted by the reporting person on November 11, 2025. This price represents the weighted average price of sale transactions that were executed in multiple trades at prices ranging from $85.07 to $85.30 per share. The Reporting Person hereby undertakes, upon request by the SEC staff, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price. This price represents the weighted average price of sale transactions that were executed in multiple trades at prices ranging from $85.00 to $85.75 per share. The Reporting Person hereby undertakes, upon request by the SEC staff, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price. Currently exercisable.