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Travere Therapeutics officer proposes $903K sale

Sandra Calvin also reported a February 3, 2026 sale of 4,333 common shares for gross proceeds of $139,177.16.

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Form Type
144

Rhea-AI Filing Summary

Travere Therapeutics, Inc. (TVTX) is identified as the issuer for Officer Sandra Calvin’s proposed sale of 21,977 common shares, with an aggregate market value of $902,595.39 and an approximate sale date of April 14, 2026. Morgan Stanley Smith Barney LLC is listed as the broker. The notice gives June 10, 2025 as the date of plan adoption or instruction, if relying on Rule 10b5-1. The shares listed for sale were acquired through restricted stock awards of 1,263 shares on January 21, 2025 and 5,464 shares on January 31, 2025, plus a 15,250-share stock option exercise on April 14, 2026. Calvin also reported selling 4,333 common shares on February 3, 2026, for gross proceeds of $139,177.16 during the preceding three months.

Common shares proposed for sale 21,977 shares Approximate sale date: April 14, 2026
Aggregate market value $902,595.39 For the proposed sale
Common shares outstanding 92,241,550 shares Reported in the securities information
Common shares sold 4,333 shares Sale reported for February 3, 2026
Gross proceeds $139,177.16 From the February 3, 2026 sale
Rule 10b5-1 regulatory
"If Relying on Rule 10b5-1"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
Restricted Stock financial
"Nature of Acquisition Transaction: Restricted Stock"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Stock Option Exercise financial
"Nature of Acquisition Transaction: Stock Option Exercise"
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.
Aggregate Market Value financial
"Aggregate Market Value"
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.

How many TVTX shares did Sandra Calvin propose to sell?

Officer Sandra Calvin’s notice lists 21,977 common shares for sale, with an aggregate market value of $902,595.39 and an approximate sale date of April 14, 2026. Morgan Stanley Smith Barney LLC is named as the broker.

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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