Travere officer plans $10.8M stock sale

Travere Therapeutics officer Peter Heerma filed a Rule 144 notice to sell 172,717 shares of TVTX common stock acquired by exercising stock options.

Available on EDGAR 09/16/2026 - 04:33 PM EDT Accepted by SEC EDGAR 09/16/2026 - 04:32 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Travere Therapeutics, Inc. (TVTX) officer Peter Heerma filed a notice of proposed sale of company stock under Rule 144. The notice covers 172,717 shares of common stock, to be sold through Morgan Stanley Smith Barney, with an indicated aggregate market value of $10,796,539.67 as of September 16, 2026. Travere reports 94,261,082 shares of common stock outstanding. The securities to be sold were acquired on September 16, 2026 through an exercise of stock options for cash. In the prior three months, a separate sale of 102,190 shares of common stock for $6,362,824.52 on September 15, 2026 is also listed for Heerma under a 10b5-1 plan.

Key Figures

Shares proposed to be sold: 172,717 shares Aggregate market value of proposed sale: $10,796,539.67 Shares outstanding: 94,261,082 shares +3 more

6 metrics

Shares proposed to be sold 172,717 shares Common stock covered by the Rule 144 notice for Peter Heerma

Aggregate market value of proposed sale $10,796,539.67 Value of 172,717 shares as listed in the securities information section dated September 16, 2026

Shares outstanding 94,261,082 shares Travere Therapeutics common stock outstanding referenced in the Rule 144 securities section

Shares sold in past 3 months 102,190 shares 10b5-1 sale for Peter Heerma on September 15, 2026

Value of past 3-month sale $6,362,824.52 Total proceeds from 102,190-share sale on September 15, 2026

Issuer phone number 888-969-7879 Contact number listed for Travere Therapeutics

Key Terms

Rule 144, 10b5-1, Exercise of Stock Options, aggregate market value

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

10b5-1 regulatory

"10b5-1 Sales for PETER HEERMA 3611 Valley Centre Drive, Suite 300"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

Exercise of Stock Options financial

"Common | 09/16/2026 | Exercise of Stock Options | Issuer"

aggregate market value financial

"Common | Morgan Stanley Smith Barney LLC Executive Financial Services"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

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

What does the Form 144 filing disclose for Travere Therapeutics (TVTX)?

It discloses that officer Peter Heerma filed a Rule 144 notice covering the proposed sale of 172,717 shares of Travere Therapeutics common stock, acquired by exercising stock options on September 16, 2026 and to be sold for cash through Morgan Stanley Smith Barney.

How many Travere Therapeutics (TVTX) shares are covered by the new Rule 144 notice?

The notice covers 172,717 shares of Travere Therapeutics common stock, with an indicated aggregate market value of $10,796,539.67 based on the information as of September 16, 2026.

How many Travere Therapeutics (TVTX) shares are outstanding as referenced in the filing?

The filing states that 94,261,082 shares of Travere Therapeutics common stock were outstanding as of the date referenced in the Rule 144 securities information section.

How were the Travere Therapeutics (TVTX) shares to be sold acquired by Peter Heerma?

The shares to be sold were acquired through an exercise of stock options on September 16, 2026, from the issuer, with the form indicating the method of payment as cash.

What prior Travere Therapeutics (TVTX) sales by Peter Heerma are listed in the past 3 months?

The filing lists a prior sale of 102,190 shares of Travere Therapeutics common stock on September 15, 2026, with total proceeds of $6,362,824.52, identified as 10b5-1 sales for Peter Heerma.

Through which broker are the Travere Therapeutics (TVTX) shares proposed to be sold?

The Rule 144 notice identifies Morgan Stanley Smith Barney LLC Executive Financial Services, at New York Plaza, as the broker through which the 172,717 shares of Travere Therapeutics common stock are proposed to be sold.

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 Drive, Suite 300 San Diego CALIFORNIA 92130
Phone	8889697879
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 LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	172717	10796539.67	94261082	09/16/2026	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	09/16/2026	Exercise of Stock Options	Issuer			172717	09/16/2026	Cash

* 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
10b5-1 Sales for PETER HEERMA 3611 Valley Centre Drive, Suite 300 San Diego CA 92130	Common	09/15/2026	102190	6362824.52

144: Remarks and Signature

Remarks
Date of Notice	09/16/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	06/16/2026
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/ Peter Heerma
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)