PTC Therapeutics: Section Six Partners sells shares
A partnership of which a director is a general and limited partner reported trades spanning $58.85–$59.82 and $59.87–$60.54 per share.
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Rhea-AI Filing Summary
PTC Therapeutics, Inc. director Michael Schmertzler reported that Section Six Partners, L.P. sold 2,118 shares of common stock at a weighted-average $59.52 per share and 382 shares at a weighted-average $60.14 per share on October 14, 2026. Both sales were under a written Rule 10b5-1 plan adopted May 14, 2026. Schmertzler reported direct holdings of 163,266 shares after the transactions; the sold shares were held by the partnership, and he disclaimed beneficial ownership except to the extent of his pecuniary interest.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F3 | 2,118 | $59.52 | $126K |
| Sale | Common Stock F1, F4, F3 | 382 | $60.14 | $23K |
| holding | Common Stock | -- | -- | -- |
Footnotes (4)
- F1. This transaction was effected pursuant to a written Rule 10b5-1 plan adopted by Section Six Partners, L.P., of which the Reporting Person is a general partner and limited partner, on May 14, 2026.
- F2. This price represents the weighted average price of sale transactions that were executed in multiple trades at prices ranging from $58.85 to $59.82 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.
- F3. Represents shares of common stock held by Section Six Partners, L.P. The Reporting Person is a general and limited partner of Section Six Partners, L.P. The Reporting Person disclaims beneficial ownership of the shares of common stock held by Section Six Partners, L.P. except to the extent of his pecuniary interest therein.
- F4. This price represents the weighted average price of sale transactions that were executed in multiple trades at prices ranging from $59.87 to $60.54 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.
Key Figures
Key Terms
Rule 10b5-1 plan regulatory
weighted average price financial
beneficial ownership financial
pecuniary interest financial
FAQ
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What were the trading-price ranges for the PTCT sales?
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