Spyre Therapeutics (SYRE) CEO sells 15,000 shares in Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Spyre Therapeutics, Inc.'s Chief Executive Officer, Cameron Turtle, reported selling a total of 15,000 shares of common stock in open-market transactions on March 2, 2026. The sales, executed under a Rule 10b5-1 trading plan adopted on June 20, 2025, were completed in two trades at weighted average prices of $41.73 and $42.49, each reflecting multiple executions within stated price ranges. Following these transactions, the CEO directly holds 642,540 shares of common stock, which includes 130,683 shares scheduled to vest in monthly installments through November 2026, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 15,000 shares ($632,866)
Net Sell
2 txns
Insider
Turtle Cameron
Role
Chief Executive Officer
Sold
15,000 shs ($633K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,900 | $41.73 | $246K |
| Sale | Common Stock | 9,100 | $42.49 | $387K |
Holdings After Transaction:
Common Stock — 651,640 shares (Direct)
Footnotes (1)
- This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted on June 20, 2025. The price reported above is a weighted average price. The shares were sold in multiple transactions at prices ranging from $41.23 to $42.19, 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 (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range. Includes 130,683 shares of common stock that vest in monthly installments through November 2026, subject to the continuing service of the Reporting Person on each vesting date. The price reported above is a weighted average price. The shares were sold in multiple transactions at prices ranging from $42.23 to $42.93, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range.
FAQ
On what date did the Spyre Therapeutics (SYRE) CEO complete these stock sales?
Both reported stock sales took place on March 2, 2026. The Form 4 shows two separate open-market transactions in Spyre Therapeutics common stock on that date, each coded as an “S” transaction and described as a sale in open market or private transaction.
Were the Spyre Therapeutics (SYRE) CEO’s stock sales made under a Rule 10b5-1 plan?
Yes, the sales were executed under a Rule 10b5-1 trading plan. A footnote states the plan was adopted on June 20, 2025, indicating the transactions followed a pre-established trading schedule rather than being initiated at the CEO’s sole discretion at the time of sale.
What type of insider transaction is reported for Spyre Therapeutics (SYRE) in this Form 4?
The filing reports open-market sales of common stock by the CEO. Each transaction is coded “S” for a sale in open market or private transaction, reflecting non-derivative disposals of existing shares rather than option exercises, grants, or other derivative-related activity.