37,500-share planned sale at TVTX (NASDAQ: TVTX) — insider notice

Rhea-AI Filing Summary

TVTX submitted a Form 144 notice proposing the sale of 37,500 shares of Common Stock related to a stock option exercise, with the proposed sale dated 04/14/2026 and cash proceeds indicated. The filing also lists multiple recent open-market dispositions by Elizabeth Reed, each showing trade dates, share counts, and gross proceeds.

Insights

Corporate Governance / Insider Transactions

Form 144 records a planned insider sale of 37,500 shares tied to option exercise.

The notice documents a proposed sale connected to a stock option exercise on 04/14/2026 and lists prior dispositions by Elizabeth Reed totaling several transactions of 10,000 shares and smaller lots.

Because Form 144 is a compliance notice of intent to sell, it is routine; actual market impact depends on whether and how the shares are sold.

Key Figures

Proposed shares to be sold: 37,500 shares Sale method: Cash Recent sale: 10,000 shares +2 more

5 metrics

Proposed shares to be sold 37,500 shares stock option exercise dated 04/14/2026

Sale method Cash listed for the 04/14/2026 stock option exercise

Recent sale 10,000 shares sold 04/01/2026 for $300,000 by Elizabeth Reed

Recent sale 10,000 shares sold 03/16/2026 for $280,861 by Elizabeth Reed

Recent sale 10,000 shares sold 02/17/2026 for $278,317 by Elizabeth Reed

Key Terms

Form 144, Stock Option Exercise, Cash

3 terms

Form 144 regulatory

"144: Filer Information 144: Issuer Information 144: Securities Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Stock Option Exercise financial

"Common | 04/14/2026 | Stock Option Exercise | Issuer"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

Cash financial

"37500 | 04/14/2026 | Cash"

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	37500	1540125.00	92241550	04/14/2026	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	04/14/2026	Stock Option Exercise	Issuer			37500	04/14/2026	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
ELIZABETH REED 3611 Valley Centre Drive Suite 300 San Diego CA 92130	Common	04/01/2026	10000	300000.00
ELIZABETH REED 3611 Valley Centre Drive Suite 300 San Diego CA 92130	Common	03/16/2026	10000	280861.00
ELIZABETH REED 3611 Valley Centre Drive Suite 300 San Diego CA 92130	Common	02/17/2026	10000	278317.00
ELIZABETH REED 3611 Valley Centre Drive Suite 300 San Diego CA 92130	Common	02/04/2026	2994	96360.09
ELIZABETH REED 3611 Valley Centre Drive Suite 300 San Diego CA 92130	Common	02/03/2026	7175	230463.88
ELIZABETH REED 3611 Valley Centre Drive Suite 300 San Diego CA 92130	Common	01/20/2026	10000	273420.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does TVTX's Form 144 say about the planned sale?

It reports a proposed sale of 37,500 shares tied to a stock option exercise on 04/14/2026. The filing lists the sale method as cash and identifies the security as Common Stock listed on NASDAQ.

Who is the seller reported in the TVTX Form 144?

The filing lists transactions by Elizabeth Reed and shows the current proposed sale linked to a stock option exercise. Elizabeth Reed's prior sales are shown with dates, share counts, and gross proceeds in the notice.

What recent sales by Elizabeth Reed are shown in the filing?

The filing lists multiple recent dispositions, including 10,000 shares on 04/01/2026 for $300,000 and 10,000 shares on 03/16/2026 for $280,861, among other dated transactions with amounts recorded.

Does Form 144 confirm proceeds will go to the company or the seller?

The notice indicates the sale method as Cash tied to a stock option exercise. The filing text does not specify detailed allocation of proceeds beyond labeling the transaction type and cash consideration.