PTC Therapeutics (NASDAQ: PTCT) director trades 733 shares after option exercise
Rhea-AI Filing Summary
PTC Therapeutics, Inc. director reports option exercise and share sale. On 12/03/2025, the director exercised a stock option for 733 shares of common stock at $46.54 per share and then sold 733 common shares at $78.62 per share. After these transactions, the director directly beneficially owned 6,666 shares of PTC Therapeutics common stock.
The stock option exercised on that date had a conversion price of $46.54 and relates to 733 underlying common shares. Following the transaction, the director held 734 derivative securities (stock options) expiring on 01/02/2035. The filing notes that the transaction was effected under a written Rule 10b5-1 trading plan adopted on March 4, 2025, which is designed to standardize trading and help address trading‑window and insider‑trading concerns.
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FAQ
What insider transaction did the PTC Therapeutics (PTCT) director report on this Form 4?
The director reported exercising a stock option for 733 shares of PTC Therapeutics common stock at $46.54 per share and selling 733 common shares at $78.62 per share on 12/03/2025.
How many PTC Therapeutics (PTCT) shares does the director own after the reported transaction?
After the reported transactions, the director directly beneficially owned 6,666 shares of PTC Therapeutics common stock.
What stock options does the PTC Therapeutics (PTCT) director still hold after this Form 4?
Following the transaction, the director held 734 derivative securities in the form of stock options with an exercise price of $46.54 per share, expiring on 01/02/2035.
Was the PTC Therapeutics (PTCT) director’s trade made under a Rule 10b5-1 trading plan?
Yes. The filing states that the transaction was effected pursuant to a written Rule 10b5-1 plan adopted by the reporting person on March 4, 2025.
What does the transaction code on the PTC Therapeutics (PTCT) Form 4 indicate?
The Form 4 uses code M for the exercise of a stock option and code S for the sale of the resulting common shares, both occurring on 12/03/2025.
What is the director’s relationship to PTC Therapeutics (PTCT) as disclosed in the Form 4?
The reporting person is identified as a Director of PTC Therapeutics, Inc., with the Form 4 filed by one reporting person.