PTC Therapeutics (PTCT) EVP Boulding logs option exercise and share sales
Rhea-AI Filing Summary
PTC Therapeutics executive Mark Elliott Boulding, Executive VP and Chief Legal Officer, reported a series of stock option exercises and related share sales in PTCT common stock. On January 7, 2026 he exercised options for 3,376 shares at an exercise price of $38.10 per share and sold multiple small blocks of common stock at weighted average prices generally between $76.95 and $78.98 per share. Some sales on January 6–7, 2026 were automatic “sell-to-cover” transactions to satisfy tax withholding tied to vesting of restricted stock units, and other trades were carried out under a pre-arranged Rule 10b5-1 trading plan. Following these transactions, he directly owned 117,659 shares of PTC Therapeutics common stock.
Positive
- None.
Negative
- None.
Insights
Routine option exercise and tax-related sales; neutral signal.
The filing shows Mark Elliott Boulding, Executive VP and CLO of PTC Therapeutics, exercising stock options at an exercise price of $38.1 and selling portions of the resulting common shares around market prices in the high $70s. The option lines indicate currently exercisable awards converting into common stock, which is typical for long-term equity compensation.
Footnotes explain that the 1,739 and 1,503 share sales were automatically executed under irrevocable “sell to cover” elections to fund tax withholding on RSU vesting, while other January 7, 2026 trades were executed under a written Rule 10b5-1 plan adopted on December 4, 2024. These features frame the activity as largely pre-arranged and tax-driven rather than discretionary timing. After all reported trades, Boulding directly held 117,659 common shares, so he retains a substantial equity position.
Given the pre-set 10b5-1 plan and tax-withholding context, these transactions look like routine administration of equity awards rather than a change in outlook. The overall impact on PTC Therapeutics’ capital structure is very small relative to a typical public float, and the activity primarily affects the executive’s personal holdings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 2,625 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 751 | $0.00 | -- |
| Sale | Common Stock | 1,503 | $77.48 | $116K |
| Exercise | Common Stock | 2,625 | $38.10 | $100K |
| Sale | Common Stock | 1,638 | $77.11 | $126K |
| Sale | Common Stock | 949 | $77.91 | $74K |
| Sale | Common Stock | 38 | $78.60 | $3K |
| Exercise | Common Stock | 751 | $38.10 | $29K |
| Sale | Common Stock | 471 | $77.10 | $36K |
| Sale | Common Stock | 269 | $77.92 | $21K |
| Sale | Common Stock | 11 | $78.98 | $868.78 |
| Sale | Common Stock | 1,739 | $76.95 | $134K |
Footnotes (1)
- Represents shares automatically sold pursuant to an irrevocable sell to cover election entered into upon acceptance of the grant to satisfy tax withholding obligations in connection with the vesting of 4,500 RSUs from a January 3, 2025 grant of 18,000 RSUs. Represents shares automatically sold pursuant to an irrevocable sell to cover election entered into upon acceptance of the grant to satisfy tax withholding obligations in connection with the vesting of 4,250 RSUs from a January 5, 2023 grant of 17,000 RSUs. This transaction was effected pursuant to a written Rule 10b5-1 plan adopted by the Reporting Person on December 4, 2024. This price represents the weighted average price of sale transactions that were executed in multiple trades at prices ranging from $76.56 to $77.55 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 $77.58 to $78.54 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. This price represents the weighted average price of sale transactions that were executed in multiple trades at prices ranging from $76.54 to $77.52 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 $77.54 to $78.47 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.
FAQ
What insider transactions did PTC Therapeutics (PTCT) report for Mark Elliott Boulding?
The filing reports that Mark Elliott Boulding, Executive VP and CLO of PTC Therapeutics, exercised stock options and sold common shares on January 6–7, 2026. He exercised options for a total of 3,376 shares at an exercise price of $38.10 per share and sold several small blocks of PTCT common stock at prices generally in the high $70s per share.
Did the PTC Therapeutics executive use a Rule 10b5-1 trading plan for these trades?
According to the footnotes, certain transactions on January 7, 2026 were effected pursuant to a written Rule 10b5-1 plan adopted by Mark Elliott Boulding on December 4, 2024. A Rule 10b5-1 plan is a pre-arranged trading program that schedules future trades of company stock.
What prices were reported for the PTC Therapeutics stock sales on this Form 4?
The reported sales of PTC Therapeutics common stock occurred at weighted average prices such as $76.95, $77.11, $77.48, $77.91, $78.60, $77.10, $77.92 and $78.98 per share. Several of these prices are disclosed as weighted averages for multiple trades within specified price ranges.
What stock options did the PTC Therapeutics executive exercise in this Form 4?
The Form 4 shows exercises of stock options (right to buy) with an exercise price of $38.10 per share. On January 7, 2026, options covering 2,625 and 751 shares of PTC Therapeutics common stock were exercised, and the footnotes indicate these options were currently exercisable with an expiration date of January 6, 2032.