Travere Therapeutics officer proposes $101K share sale

The notice describes the transaction as an issuer-mandated sell-to-cover sale for tax withholding, not a discretionary trade.

Accepted by SEC EDGAR 05/05/2026 - 07:31 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Travere Therapeutics, Inc. (TVTX) officer Peter Heerma is named in a notice covering the proposed sale of 2,174 common shares, with an approximate sale date of May 5, 2026, and an aggregate market value of $101,417.10. The shares came from performance restricted stock unit vesting on May 4, 2026. The notice says the sale is mandated by the issuer’s election under its equity incentive plans to fund tax withholding through an issuer-designated broker, and is not discretionary. During the prior three months, Peter Heerma sold 7,215 common shares on April 14, 2026, for gross proceeds of $302,515.98.

Key Figures

Shares proposed for sale: 2,174 shares Aggregate market value: $101,417.10 Shares acquired through vesting: 2,174 shares +2 more

5 metrics

Shares proposed for sale 2,174 shares Approximate sale date May 5, 2026

Aggregate market value $101,417.10 Proposed sale

Shares acquired through vesting 2,174 shares Performance restricted stock unit vesting on May 4, 2026

Shares sold 7,215 common shares Sale on April 14, 2026, during the prior three months

Gross proceeds $302,515.98 Sale on April 14, 2026

Key Terms

Performance Restricted Stock Unit Vesting, sell to cover, tax withholding obligation

3 terms

Performance Restricted Stock Unit Vesting financial

"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"

FAQ

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

How many TVTX shares is Peter Heerma proposing to sell?

The notice covers 2,174 common shares, with an approximate sale date of May 5, 2026, and an aggregate market value of $101,417.10. The shares came from performance restricted stock unit vesting on May 4, 2026.

How many TVTX shares did Peter Heerma sell in the prior three months?

Peter Heerma sold 7,215 common shares on April 14, 2026, for gross proceeds of $302,515.98.

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

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001789617
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Travere Therapeutics, Inc.
SEC File Number	001-36257
Address of Issuer	3611 Valley Centre Dr. Suite 300 San Diego CALIFORNIA 92130
Phone	888-969-7879
Name of Person for Whose Account the Securities are To Be Sold	Peter Heerma
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney 3 Edison Drive Alpharetta GA 30005	2174	101417.10	92992905	05/05/2026	NASDAQ

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/04/2026	Performance Restricted Stock Unit Vesting	Issuer			2174	05/04/2026	Compensation

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Peter Heerma 3611 Valley Centre Drive Suite 300 San Diego CA 92130	Common	04/14/2026	7215	302515.98

144: Remarks and Signature

Remarks	Represents the number of shares required to be sold by the Reporting Person to cover the tax withholding obligation in connection with the settlement of vested performance restricted stock units. This sale is mandated by the Issuer's election under its equity incentive plans to require the Reporting Person to fund this tax withholding obligation by completing a "sell to cover" transaction with a brokerage firm designated by the Issuer. This sale does not represent a discretionary trade by the Reporting Person.
Date of Notice	05/05/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Elizabeth E. Reed as attorney-in-fact for Peter Heerma
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)