[144] Sera Prognostics, Inc. SEC Filing

Rhea-AI Filing Summary

Iron Mountain Incorporated (NYSE: IRM) filed a Form 4 on 8 July 2025 reporting insider activity by director Doyle R. Simons.

• Two acquisitions of derivative securities: 340.987 phantom shares on 3 July 2025 and 347.908 phantom shares on 7 July 2025, both coded “A”.
• Plan-based transactions: The units were credited under the company’s Directors Deferred Compensation Plan; each phantom share mirrors one IRM common share and will be delivered after the director’s board service ends or upon disability.
• Post-transaction balance: Simons now holds 44,369.762 phantom shares, up by 688.895 units from the prior balance.
• Reference pricing: Column 8 lists weighted-average prices of $100.56 and $100.601, representing multiple trades executed between $100.419 and $100.624.
• Signal strength: Because the activity is compensation-related rather than open-market buying, the transactions are generally considered routine and carry limited market-moving impact.

Positive

• Director’s phantom share balance increased by 688.895 units, modestly strengthening equity alignment with shareholders.

Negative

• Transactions are automatic under a deferred compensation plan and therefore provide limited insight into insider sentiment or company valuation.

Insights

Securities Analyst

TL;DR: Routine deferred-compensation phantom stock credit; minimal valuation impact, neutral insider signal.

The Form 4 shows modest additions to Director Simons’ phantom share balance through the board’s Deferred Compensation Plan. No cash changed hands and the transactions were not open-market purchases, so the informational value for outside investors is low. The director’s aggregate economic exposure rose by roughly 1.6% versus his prior phantom balance and remains below 0.05% of IRM’s outstanding shares. With reference prices near $100.5, the filing does not indicate any directional view on valuation. Overall impact on share price and corporate governance perception is neutral.

Corporate Governance Specialist

TL;DR: Standard board deferred-pay election; shows alignment but not a discretionary purchase.

Phantom stock accruals under a deferred compensation program are a common mechanism to link director pay to long-term performance. The increase to 44,369.762 units reflects dividends and quarterly cash fees reinvested. Because shares are settled only after the director leaves, the structure encourages oversight continuity. However, investors should not interpret the filing as fresh insider buying; it merely reports automatic plan activity required under Section 16. No red flags or governance concerns arise from the disclosure.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common	Morgan Stanley Smith Barney LLC 1 New York Plaza 38th Floor New York NY 10004	234	552	37672784	07/07/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common	07/07/2025	Restricted Stock Unit Vesting	Issuer			234	07/07/2025	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Mansoor Raza Mirza 2749 E. Parleys Way Suite 200 Salt Lake City UT 84109	Class A Common	04/07/2025	107	358
Mansoor Raza Mirza 2749 E. Parleys Way Suite 200 Salt Lake City UT 84109	Class A Common	05/08/2025	106	259
Mansoor Raza Mirza 2749 E. Parleys Way Suite 200 Salt Lake City UT 84109	Class A Common	06/06/2025	107	169

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did Iron Mountain (IRM) disclose in its latest Form 4?

IRM reported that director Doyle R. Simons acquired a total of 688.895 phantom shares on 3 and 7 July 2025 under the board’s deferred compensation plan.

How many Iron Mountain phantom shares does Director Simons now hold?

After the reported transactions, Simons holds 44,369.762 phantom shares linked to IRM common stock.

Were these insider transactions open-market purchases?

No. The acquisitions were plan-based credits within the Directors Deferred Compensation Plan, not discretionary market buys.

What price range is associated with the reported phantom stock transactions?

Footnotes cite weighted-average prices of $100.56 and $100.601, derived from trades between $100.419 – $100.624 per share.

Does the Form 4 signal a change in Iron Mountain’s outlook?

Because the activity is routine compensation-related, it is generally viewed as neutral with minimal impact on the company’s outlook.