SGMT Executive Chairman reports 37,688-share Rule 10b5-1 stock sale
Rhea-AI Filing Summary
Sagimet Biosciences Inc. (SGMT) reported an insider transaction by a director and Executive Chairman. On 11/20/2025, the reporting person sold 37,688 shares of Series A common stock in an open-market sale coded as "S." The weighted average sale price was $7.6942 per share, with individual trades executed between $7.27 and $8.15.
After this transaction, the insider beneficially owned 81,005 shares of Sagimet Biosciences common stock in direct ownership. The sale was carried out under a Rule 10b5-1 trading plan adopted on August 21, 2025, which is a pre-arranged plan designed to allow insiders to sell shares according to predetermined instructions.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Series A Common Stock | 37,688 | $7.6942 | $290K |
Footnotes (1)
- These sales were effected by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted on August 21, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.27 to $8.15, inclusive. 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.
FAQ
What insider transaction did Sagimet Biosciences (SGMT) report?
Sagimet Biosciences reported that a director and Executive Chairman sold 37,688 shares of Series A common stock on 11/20/2025 in an open-market sale coded as "S."
Was the SGMT insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan that was adopted on August 21, 2025.
What does the transaction code "S" mean in the Sagimet Form 4?
The transaction code "S" indicates an open-market or private sale of non-derivative securities, in this case shares of Sagimet Biosciences Series A common stock.
Does this Sagimet Form 4 include any derivative securities transactions?
No derivative securities transactions are reported in Table II. Only the sale of non-derivative Series A common stock is disclosed in this excerpt.