Teva Pharmaceutical (NYSE: TEVA) EVP exercises options and sells stock
Rhea-AI Filing Summary
Teva Pharmaceutical Industries executive Mark Sabag, Executive Vice President, International Markets Commercial, reported an option exercise and related share sales. On 12/09/2025, he exercised stock options to buy 118,724 Ordinary Shares at an exercise price of $18.61 per share, increasing his directly held shares.
That same day, he sold 118,724 Ordinary Shares at a weighted average price of $28.748 per share and an additional 98,168 Ordinary Shares at a weighted average price of $28.7026 per share, both through multiple transactions within narrow price ranges. After these transactions, he directly owned 52,828 Ordinary Shares and held no remaining stock options from this grant. Each Ordinary Share may be represented by one American Depositary Share.
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Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (right to buy) | 118,724 | $0.00 | -- |
| Exercise | Ordinary Shares | 118,724 | $18.61 | $2.21M |
| Sale | Ordinary Shares | 118,724 | $28.748 | $3.41M |
| Sale | Ordinary Shares | 98,168 | $28.7026 | $2.82M |
Footnotes (1)
- The Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one Ordinary Share. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.705 to $28.845, inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.675 to $28.745, inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price. Stock options were granted on February 9, 2018, with 39,574 vested on each of February 9, 2020, February 9, 2021 and February 9, 2022.
FAQ
What insider transaction did Teva (TEVA) executive Mark Sabag report?
Mark Sabag, Executive Vice President, International Markets Commercial at Teva Pharmaceutical Industries, reported exercising stock options for 118,724 Ordinary Shares and selling shares on 12/09/2025.
What happened to Mark Sabag's Teva (TEVA) stock options in this filing?
The reported stock options (right to buy) with an exercise price of $18.61, originally granted on February 9, 2018, were exercised for 118,724 Ordinary Shares, and the remaining number of these options reported as beneficially owned became 0.