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Travere Therapeutics officer plans $303K share sale

The reported sale is designated to cover tax withholding on vested performance restricted stock units, rather than as a discretionary trade.

Accepted by SEC EDGAR Learn about SEC filing dates
(Neutral)

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Form Type
144

Rhea-AI Filing Summary

Travere Therapeutics, Inc. officer Elizabeth E. Reed reported that 7,215 common shares are to be sold, with an aggregate market value of $302,515.98 and an approximate sale date of April 14, 2026. She acquired 7,215 shares through performance restricted stock unit vesting on April 13, 2026. Reed said the sale is mandated by the issuer’s election under its equity incentive plans to cover tax withholding through a “sell to cover” transaction with the designated broker, Morgan Stanley Smith Barney; she said it is not discretionary. The three-month sales table separately lists 37,500 common shares sold on April 14, 2026, for gross proceeds of $1,540,125.00.

Common shares to be sold 7,215 shares Approximate sale date: April 14, 2026
Aggregate market value $302,515.98 Shares to be sold
Common shares outstanding 92,241,550 shares Number reported in the securities information
Shares acquired through performance restricted stock unit vesting 7,215 shares April 13, 2026
Shares sold in three-month sales table 37,500 shares Sale date: April 14, 2026
Gross proceeds in three-month sales table $1,540,125.00 Sale date: April 14, 2026
Performance Restricted Stock Unit Vesting technical
"Performance Restricted Stock Unit Vesting"
sell to cover financial
"completing a “sell to cover” transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
tax withholding obligation financial
"fund this tax withholding obligation"
equity incentive plans financial
"Issuer's election under its equity incentive plans"
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many TVTX shares is Elizabeth E. Reed reporting for sale?

Elizabeth E. Reed reported that 7,215 common shares are to be sold at an aggregate market value of $302,515.98, with an approximate sale date of April 14, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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