Pelthos director Ezra Friedberg sells 558 shares
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Form Type
4
Rhea-AI Filing Summary
Ezra M. Friedberg, a director of Pelthos Therapeutics Inc. (PTHS), sold 558 shares of common stock on October 2, 2026, at $20.7169 per share under a Rule 10b5-1 plan adopted December 16, 2025, to satisfy estimated tax obligations tied to vesting of issuer-granted restricted stock units. He directly held 80,484 shares afterward.
Insider Trade Summary 10b5-1
Net Seller: 558 shares
Net Sell
3 txns
Insider
Friedberg Ezra M
Role
Director
Sold
558 shs ($12K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 558 | $20.7169 | $12K |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 80,484 shares (Direct);
Common Stock — 82,072 shares (Indirect, By Balmoral Financial Group LLC);
Common Stock — 40,000 shares (Indirect, By Key Recovery Group LLC)
Footnotes (2)
- F1. This transaction reflects the sale of shares, made pursuant to a Rule 10b5-1 plan adopted December 16, 2025, for the purpose of satisfying estimated tax obligations in connection with the vesting of restricted stock units granted by the Issuer.
- F2. Ezra Friedberg is the manager of Balmoral Financial Group LLC ("Balmoral") and the manager of Key Recovery Group LLC ("Key"). By virtue of this relationship, Mr. Friedberg may be deemed to beneficially own the shares of Common Stock held of record by each of Balmoral and Key. Mr. Friedberg disclaims any such beneficial ownership except to the extent of his pecuniary interest therein.
Key Figures
Shares sold: 558 shares
Sale price: $20.7169 per share
Direct shares held after sale: 80,484 shares
+2 more
5 metrics
Shares sold
558 shares
Common stock sale on October 2, 2026
Sale price
$20.7169 per share
Sale on October 2, 2026
Direct shares held after sale
80,484 shares
Reported October 2, 2026
Shares held by Balmoral Financial Group LLC
82,072 shares
Indirect holding reported October 2, 2026
Shares held by Key Recovery Group LLC
40,000 shares
Indirect holding reported October 2, 2026
Key Terms
Rule 10b5-1 plan, restricted stock units, pecuniary interest, beneficially own
4 terms
Rule 10b5-1 plan regulatory
"made pursuant to a Rule 10b5-1 plan adopted December 16, 2025"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
restricted stock units financial
"vesting of restricted stock units granted by the Issuer"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
beneficially own financial
"may be deemed to beneficially own the shares of Common Stock"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
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