Tango Therapeutics (NASDAQ: TNGX) president sells 27,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tango Therapeutics President of R&D Crystal Adam exercised stock options for 27,000 shares of common stock at an exercise price of $5.20 per share and, on the same day, sold 27,000 shares at a weighted-average price of $21.2029 per share. These transactions were carried out under a pre-arranged Rule 10b5-1 trading plan. After the sale, Adam directly holds 112,622 shares of Tango Therapeutics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 27,000 shares ($572,478)
Net Sell
3 txns
Insider
Crystal Adam
Role
President, R&D
Sold
27,000 shs ($572K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 27,000 | $0.00 | -- |
| Exercise | Common Stock | 27,000 | $5.20 | $140K |
| Sale | Common Stock | 27,000 | $21.2029 | $572K |
Holdings After Transaction:
Stock Option (Right to Buy) — 433,500 shares (Direct);
Common Stock — 139,622 shares (Direct)
Footnotes (1)
- These transactions were effected by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted on October 27, 2025. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $21.00 to $21.69, 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, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. This option shall vest and become exercisable over a four-year period, at a rate of 25% on February 27, 2024, with the remaining option shares vesting in 36 equal monthly installments thereafter.
Key Figures
Options exercised: 27,000 shares
Exercise price: $5.20 per share
Shares sold: 27,000 shares
+3 more
6 metrics
Options exercised
27,000 shares
Stock option (right to buy) exercised on April 1, 2026
Exercise price
$5.20 per share
Strike price for 27,000 options exercised
Shares sold
27,000 shares
Open-market sale of common stock on April 1, 2026
Weighted-average sale price
$21.2029 per share
Sales executed between $21.00 and $21.69
Shares held after sale
112,622 shares
Direct common stock ownership after transactions
Options balance reported
433,500 options
Total stock options shown following derivative transaction
Key Terms
Rule 10b5-1 trading plan, Stock Option (Right to Buy, weighted-average price, open-market sale, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"These transactions were effected by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted on October 27, 2025."
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.
Stock Option (Right to Buy financial
"security_title: "Stock Option (Right to Buy)" for 27,000 underlying shares of common stock."
weighted-average price financial
"The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $21.00 to $21.69, inclusive."
open-market sale financial
"transaction_action: "open-market sale" for 27,000 shares of common stock."
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.
vesting in 36 equal monthly installments financial
"remaining option shares vesting in 36 equal monthly installments thereafter."
FAQ
What did Tango Therapeutics (TNGX) executive Crystal Adam report in this Form 4?
Crystal Adam, President of R&D at Tango Therapeutics, reported exercising options for 27,000 shares at $5.20 and selling 27,000 shares at a weighted-average price of $21.2029, all on the same date under a Rule 10b5-1 trading plan.
What stock options did Crystal Adam exercise in Tango Therapeutics (TNGX)?
She exercised a stock option (right to buy) covering 27,000 underlying shares of Tango Therapeutics common stock at an exercise price of $5.20 per share, with the option originally scheduled to vest over four years and expiring on March 1, 2033.
Were Crystal Adam’s Tango Therapeutics (TNGX) trades made under a Rule 10b5-1 plan?
Yes. The Form 4 states that the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on October 27, 2025, indicating they were pre-arranged rather than timed at her sole discretion.
What vesting schedule applied to Crystal Adam’s Tango Therapeutics (TNGX) stock option?
The option vests over four years: 25% vested on February 27, 2024, with the remaining shares vesting in 36 equal monthly installments thereafter, as described in the Form 4 footnote detailing the award’s vesting terms.