[Form 4] Syndax Pharmaceuticals, Inc. Insider Trading Activity
Syndax Pharmaceuticals (SNDX) – Form 4 insider activity: Chief Financial Officer Keith A. Goldan purchased 1,226 common shares on 07/31/2025 under the company’s Employee Stock Purchase Plan (ESPP) at an average price of $8.43 per share.
Rhea-AI Filing Summary
Syndax Pharmaceuticals (SNDX) – Form 4 insider activity: Chief Financial Officer Keith A. Goldan purchased 1,226 common shares on 07/31/2025 under the company’s Employee Stock Purchase Plan (ESPP) at an average price of $8.43 per share. The transaction is coded “J,” confirming it is part of a tax-qualified plan rather than an open-market buy.
Following the purchase, Goldan’s direct ownership rises to 93,676 shares. No derivative securities were reported. The filing was submitted on 08/07/2025 and signed by attorney-in-fact Michael A. Metzger.
The acquisition is modest in dollar terms (≈$10 k) but represents incremental insider buying, which can be interpreted as a signal of management confidence. However, the size relative to Goldan’s total stake and SNDX’s share count suggests limited market impact.
Positive
- CFO insider purchase adds to existing stake, suggesting continued personal alignment with shareholders.
Negative
- None.
Insights
TL;DR: Small ESPP insider buy; signals confidence but immaterial to valuation.
The CFO’s 1,226-share purchase for ~$10 k marginally increases his stake to ~93.7 k shares. While insider buying is directionally positive, ESPP transactions are routine, discounted and often automated, reducing their informational value. The volume is negligible versus SNDX’s ~68 m shares outstanding, so price impact should be minimal. Investors may view the filing as a mild vote of confidence but not a catalyst for fundamental re-rating.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 1,226 | $8.43 | $10K |
Footnotes (1)
- F1. The Reporting Person is voluntarily filing this Form 4 to report the acquisition of 1,226 shares by the Reporting Person on 07/31/2025 pursuant to the Issuer's Employee Stock Purchase Plan.
FAQ
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Does the Form 4 indicate any derivative security activity?
Is the transaction likely to impact SNDX’s stock price?
AI-generated analysis. How Rhea-AI works. Not financial advice.