Sionna Therapeutics (SION) CLO trades 10,250 shares in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sionna Therapeutics, Inc. Chief Legal Officer Jennifer Fitzpatrick reported an option exercise and share sale. On March 5, 2026, she exercised a non-qualified stock option for 10,250 shares of common stock at $6.11 per share and immediately sold the same number of shares in an open-market transaction at a weighted average price of $33.8555 per share.
The sale was automatically executed under a Rule 10b5-1 trading plan adopted on June 5, 2025. The shares were sold in multiple trades at prices ranging from $32.56 to $34.83. Following these transactions, she reported 50,935 option shares remaining from this grant and no directly held common shares from this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,250 shares ($347,019)
Net Sell
3 txns
Insider
Fitzpatrick Jennifer
Role
Chief Legal Officer
Sold
10,250 shs ($347K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 10,250 | $0.00 | -- |
| Exercise | Common Stock | 10,250 | $6.11 | $63K |
| Sale | Common Stock | 10,250 | $33.8555 | $347K |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 50,935 shares (Direct);
Common Stock — 10,250 shares (Direct)
Footnotes (1)
- This transaction was automatically executed pursuant to a Rule 10b5-1 trading plan adopted on June 5, 2025. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $32.56 to $34.83, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder 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 at which the transactions were effected. 25% of the shares underlying this option vested on June 3, 2025, with the remainder vesting in thirty-six equal monthly installments thereafter, subject to the Reporting Person's continued service on each such vesting date.
FAQ
What insider transactions did Sionna Therapeutics (SION) report for Jennifer Fitzpatrick?
Sionna Therapeutics’ Chief Legal Officer Jennifer Fitzpatrick exercised options for 10,250 common shares and sold 10,250 shares in the open market on March 5, 2026. These transactions combined an option exercise with an immediate sale of the resulting common stock.
What stock option exercise did the Sionna Therapeutics insider report?
The insider exercised a non-qualified stock option for 10,250 Sionna Therapeutics common shares at an exercise price of $6.11 per share. After this transaction, 50,935 option shares from the same grant remained outstanding and subject to the original vesting schedule.
Was the SION insider sale made under a Rule 10b5-1 trading plan?
Yes. The reported sale of 10,250 Sionna Therapeutics shares was automatically executed under a Rule 10b5-1 trading plan. That plan was adopted on June 5, 2025, providing a pre-arranged framework for selling shares according to predetermined instructions.
What is the vesting schedule of the Sionna Therapeutics option exercised?
The option’s vesting schedule provides that 25% of the underlying shares vested on June 3, 2025. The remaining shares vest in thirty-six equal monthly installments thereafter, contingent on Jennifer Fitzpatrick’s continued service on each scheduled vesting date.