Tectonic Therapeutic (TECX) CSO exercises options and sells 172 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tectonic Therapeutic Chief Scientific Officer Peter McNamara exercised options for 172 shares of common stock at $14.71 per share and the same day sold 172 shares in an open-market trade at $35.00 per share under a pre-arranged Rule 10b5-1 plan. Following these transactions, he directly holds 55,285 common shares and 7,873 employee stock options, indicating a small, routine liquidity event relative to his overall position.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 172 shares ($6,020)
Net Sell
3 txns
Insider
McNamara Peter
Role
Chief Scientific Officer
Sold
172 shs ($6K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 172 | $0.00 | -- |
| Exercise | Common Stock | 172 | $14.71 | $3K |
| Sale | Common Stock | 172 | $35.00 | $6K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 7,873 shares (Direct, null);
Common Stock — 55,457 shares (Direct, null)
Footnotes (1)
- This exercise and subsequent sale was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 14, 2025. 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.
Key Figures
Shares sold: 172 shares
Sale price: $35.00/share
Options exercised: 172 options
+4 more
7 metrics
Shares sold
172 shares
Open-market sale of common stock on June 30, 2026
Sale price
$35.00/share
Price for 172 common shares sold
Options exercised
172 options
Employee stock options converted into common shares
Option exercise price
$14.71/share
Exercise price for employee stock options
Common shares held after
55,285 shares
Direct ownership after transactions
Options held after
7,873 options
Employee stock options remaining after exercise
Option expiration
September 24, 2035
Expiration date of employee stock option grant
Key Terms
Rule 10b5-1 trading plan, Employee Stock Option (Right to Buy), open-market sale, Chief Scientific Officer, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This exercise and subsequent sale was made pursuant to a Rule 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Employee Stock Option (Right to Buy) financial
"security_title": "Employee Stock Option (Right to Buy)""
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Chief Scientific Officer financial
"officer_title": "Chief Scientific Officer""
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
What insider transactions did TECX Chief Scientific Officer Peter McNamara report?
Peter McNamara reported exercising options for 172 TECX common shares and selling 172 shares in an open-market transaction. These same-day moves combined a derivative exercise at a lower price with a market sale at a higher price, reflecting a routine exercise-and-sell pattern.
Was the TECX insider transaction by Peter McNamara under a Rule 10b5-1 plan?
Yes. A footnote states the option exercise and subsequent sale were made under a Rule 10b5-1 trading plan adopted on November 14, 2025. Such pre-arranged plans typically indicate the timing was scheduled in advance rather than a discretionary market-timing decision.
What happens to Peter McNamara’s TECX stock options after this exercise and sale?
The filing shows 7,873 employee stock options remaining after exercising 172 options tied to common shares. These options vest in 48 equal monthly installments starting October 25, 2025, contingent on his continued service, and expire on September 24, 2035.