Tectonic Therapeutic (TECX) CSO sells shares after exercising options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tectonic Therapeutic, Inc. Chief Scientific Officer Peter McNamara reported option exercises and share sales on March 6, 2026. He exercised employee stock options for 2,500 and 215 shares, which converted into common stock at exercise prices of $2.3800 and $14.7100 per share.
On the same date, he sold 6,047 shares of common stock at $30.0000 per share and 215 shares at $35.0000 per share in open‑market transactions. After these trades, he directly owned 55,285 shares of Tectonic Therapeutic common stock. The filing notes these exercises and sales were made under a Rule 10b5‑1 trading plan adopted on November 14, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,262 shares ($188,935)
Net Sell
6 txns
Insider
McNamara Peter
Role
Chief Scientific Officer
Sold
6,262 shs ($189K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 2,500 | $0.00 | -- |
| Exercise | Employee Stock Option (Right to Buy) | 215 | $0.00 | -- |
| Exercise | Common Stock | 2,500 | $2.38 | $6K |
| Exercise | Common Stock | 215 | $14.71 | $3K |
| Sale | Common Stock | 6,047 | $30.00 | $181K |
| Sale | Common Stock | 215 | $35.00 | $8K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 31,959 shares (Direct);
Common Stock — 61,332 shares (Direct)
Footnotes (1)
- These exercises and sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 14, 2025. 25% of the shares subject to the option vested on June 1, 2022; and the remainder of the shares subject to the option vest in 36 equal monthly installments with the final amount vesting on June 1, 2025, subject to the Reporting Person's continued service to the Issuer on each such vesting date. Received in exchange for a stock option to acquire 71,029 shares of common stock pursuant to that certain merger, as more fully described on the Reporting Person's Form 4 filed with the Securities and Exchange Commission on June 24, 2024. https://www.sec.gov/Archives/edgar/data/1681087/000141588924017962/xslF345X05/form4-06242024_080611.xml The shares subject to the option vest in 48 equal monthly installments beginning on October 25, 2025, subject to the Reporting Person's continued service to the Issuer on each such vesting date.
FAQ
What did Tectonic Therapeutic (TECX) insider Peter McNamara report on this Form 4?
Peter McNamara reported option exercises and related stock sales. He exercised employee stock options into common shares, then sold 6,047 shares at $30.0000 and 215 shares at $35.0000 on March 6, 2026, under a pre‑established Rule 10b5‑1 trading plan.
How many Tectonic Therapeutic (TECX) options did Peter McNamara exercise?
He exercised employee stock options covering 2,500 shares and 215 shares. These derivative securities converted into common stock at exercise prices of $2.3800 and $14.7100 per share, respectively, as disclosed in the Form 4 transaction details for March 6, 2026.
Were Tectonic Therapeutic (TECX) CSO trades made under a 10b5-1 plan?
Yes. A footnote states the option exercises and stock sales were executed under a Rule 10b5‑1 trading plan. The plan was adopted by the reporting person on November 14, 2025, providing for pre‑arranged trading independent of day‑to‑day market decisions.
What role does Peter McNamara hold at Tectonic Therapeutic (TECX)?
Peter McNamara is identified as the Chief Scientific Officer of Tectonic Therapeutic, Inc. This officer title is disclosed in the Form 4 reporting his March 6, 2026 option exercises and subsequent common stock sales, all held as direct ownership after the transactions.