Arcus Biosciences (NASDAQ: RCUS) CAO sells shares from option plan
Rhea-AI Filing Summary
Arcus Biosciences, Inc. (RCUS) reported that Chief Accounting Officer Alexander Azoy exercised a stock option for 2,827 shares of common stock at an exercise price of $15.44 per share and on the same date sold 2,827 shares at $30.00 per share. After the option exercise, Azoy holds 3,073 stock options directly, with the option expiring on January 22, 2034. The option exercises and related sale were effected under a Rule 10b5-1 trading plan.
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Insider Trade Summary 10b5-1
Exercise and Sale: 2,827 shares ($41K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Azoy Alexander
Role
Chief Accounting Officer
Sold
2,827 shs ($85K)
Approx. gross sale proceeds
$85K
Approx. exercise cost
$44K
Approx. pre-tax spread
$41K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F1, F3 | 2,827 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 2,827 | $15.44 | $44K |
| Sale | Common Stock F1, F2 | 2,827 | $30.00 | $85K |
Holdings After Transaction:
Stock Option (right to buy) — 3,073 shares (Direct);
Common Stock — 39,581 shares (Direct)
Footnotes (3)
- F1. The option exercises and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2. Includes the unvested portion of the Reporting Person's RSU grants.
- F3. The option becomes exercisable in 48 equal monthly installments after January 1, 2024, subject to the Reporting Person's continued service to the Company.
Key Figures
Options exercised: 2,827 shares
Exercise price: $15.44 per share
Shares sold: 2,827 shares
+4 more
7 metrics
Options exercised
2,827 shares
Stock option exercise into common stock on August 21, 2026
Exercise price
$15.44 per share
Conversion price for Stock Option (right to buy) into common stock
Shares sold
2,827 shares
Common stock sale on August 21, 2026
Sale price
$30.00 per share
Price for sale of 2,827 common shares
Options remaining after transaction
3,073 shares
Total stock options held directly following the exercise
Option expiration date
January 22, 2034
Expiration of the exercised stock option grant
Vesting schedule
48 equal monthly installments
Option becomes exercisable in 48 monthly installments after January 1, 2024
Key Terms
Rule 10b5-1 trading plan, Stock Option (right to buy), Restricted Stock Unit, Exercise or conversion of derivative security
4 terms
Rule 10b5-1 trading plan regulatory
"The option exercises and sales ... were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
Restricted Stock Unit financial
"Includes the unvested portion of the Reporting Person's RSU grants"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
FAQ
What insider transactions did Alexander Azoy report for Arcus Biosciences (RCUS)?
Alexander Azoy reported exercising a stock option for 2,827 shares of Arcus Biosciences common stock at $15.44 per share and selling 2,827 shares at $30.00 per share on August 21, 2026, all held and transacted directly.
At what prices did the RCUS stock option exercise and sale occur?
The stock option for Arcus Biosciences (RCUS) was exercised at an exercise price of $15.44 per share. The 2,827 shares of common stock acquired from this exercise were then sold at $30.00 per share on the same date.
How many Arcus Biosciences (RCUS) options does Alexander Azoy hold after this Form 4?
Following the reported option exercise, Alexander Azoy holds 3,073 Arcus Biosciences stock options directly. These options relate to a grant that becomes exercisable in 48 equal monthly installments after January 1, 2024 and expire on January 22, 2034.
Was the RCUS insider transaction by Alexander Azoy under a Rule 10b5-1 plan?
Yes. The filing states that the option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Alexander Azoy. Such a plan pre-schedules trades, reducing the informational content of trade timing for investors.
What does the Form 4 reveal about Alexander Azoy’s RCUS equity awards?
The Form 4 shows Azoy exercised 2,827 stock options and notes that his reported common stock holdings include the unvested portion of RSU grants. The underlying option becomes exercisable in 48 equal monthly installments after January 1, 2024.
AI-generated analysis. How Rhea-AI works. Not financial advice.