Septerna president sells 4,000 shares, exercises options
Septerna, Inc. President and COO Elizabeth Bhatt reported transactions in company equity on July 15, 2026.
Rhea-AI Filing Summary
Septerna, Inc. President and COO Elizabeth Bhatt reported transactions in company equity on July 15, 2026. She exercised stock options to acquire 4,000 shares of common stock at $6.81 per share and, pursuant to a Rule 10b5-1 sales plan adopted on October 20, 2025, completed a sale transaction of 4,000 shares of common stock at a weighted average price of $33.9935 per share, with individual sale prices ranging from $33.49 to $34.24. Following these transactions, she directly held 174,209 shares of common stock and 80,911 stock options (right to buy) with an exercise price of $6.81 per share, expiring on September 22, 2034.
Positive
- None.
Negative
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Insider Trade Summary 10b5-1
Exercise and Sale: 4,000 shares ($109K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Bhatt Elizabeth
Role
President and COO
Sold
4,000 shs ($136K)
Approx. gross sale proceeds
$136K
Approx. exercise cost
$27K
Approx. pre-tax spread
$109K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F3 | 4,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,000 | $6.81 | $27K |
| Sale | Common Stock F1, F2 | 4,000 | $33.9935 | $136K |
Holdings After Transaction:
Stock Option (Right to Buy) — 80,911 contracts (Direct);
Common Stock — 174,209 shares (Direct)
Footnotes (3)
- F1. This transaction was effected pursuant to a Rule 10b5-1 sales plan adopted by the Reporting Person on October 20, 2025.
- F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $33.49 to $34.24. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
- F3. 1/48th of the shares subject to such option vest and become exercisable in substantially equal monthly installments on each monthly anniversary of October 28, 2024, subject to the Reporting Person's continuous service to the Issuer on each such date.
Key Figures
Shares sold: 4,000 shares
Weighted average sale price: $33.9935 per share
Option exercise price: $6.81 per share
+4 more
7 metrics
Shares sold
4,000 shares
Common stock sale on 2026-07-15
Weighted average sale price
$33.9935 per share
Common stock sale on 2026-07-15; prices ranged $33.49–$34.24
Option exercise price
$6.81 per share
Exercise of 4,000 stock options into common stock on 2026-07-15
Shares owned after transactions
178,209 shares
Directly held common stock position following 2026-07-15 transactions
Options remaining after exercise
80,911 options
Stock options (right to buy) position after exercising 4,000 options
Option expiration date
2034-09-22
Expiration of stock option grant exercised in part on 2026-07-15
10b5-1 plan adoption date
October 20, 2025
Date Bhatt adopted Rule 10b5-1 sales plan governing the reported sale
Key Terms
Rule 10b5-1 sales plan, weighted average price, Stock Option (Right to Buy), monthly installments
4 terms
Rule 10b5-1 sales plan financial
"This transaction was effected pursuant to a Rule 10b5-1 sales plan adopted"
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Stock Option (Right to Buy) financial
"security_title": "Stock Option (Right to Buy)""
monthly installments financial
"vest and become exercisable in substantially equal monthly installments"
Monthly installments are regular, fixed payments made each month to gradually pay off a larger amount, such as a loan or purchase. Think of it like paying for a big item in small, manageable parts instead of all at once. For investors, understanding installment payments helps gauge how debts are structured and how they might affect financial stability or cash flow over time.
FAQ
What did Septerna (SEPN) executive Elizabeth Bhatt report in this Form 4?
Elizabeth Bhatt reported a sale of 4,000 shares of Septerna common stock and the exercise of 4,000 stock options into common shares, all dated July 15, 2026, with resulting increased direct share ownership after the option exercise.
What options did Elizabeth Bhatt exercise on Septerna (SEPN) stock?
Bhatt exercised 4,000 stock options with an exercise price of $6.81 per share, converting them into common stock. The underlying option grant vests in substantially equal monthly installments beginning October 28, 2024, and expires on September 22, 2034.
How many Septerna (SEPN) stock options remain after Elizabeth Bhatt’s exercise?
Following the exercise of 4,000 stock options, Bhatt’s remaining reported position in that option grant is 80,911 stock options (rights to buy Septerna common stock) as of the July 15, 2026 transaction date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
