Travere officer sells shares, receives stock awards
Travere Therapeutics Chief Research Officer William E. Rote reported routine equity compensation and a planned share sale.
Rhea-AI Filing Summary
Travere Therapeutics Chief Research Officer William E. Rote reported routine equity compensation and a planned share sale. On 01/31/2026 he acquired 20,090 shares of common stock for $0 through restricted stock units and received an employee stock option for 53,570 shares at an exercise price of $33.095 per share.
These options vest over time, with one-fourth vesting on the first anniversary of grant and the remainder in 36 monthly installments. On 02/03/2026 he sold 12,446 shares of common stock at $32.87 per share under a Rule 10b5-1 trading plan, and held 109,087 common shares and 53,570 options directly afterward.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 12,446 | $32.87 | $409K |
| Grant/Award | Employee stock option (right to buy) | 53,570 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 20,090 | $0.00 | $0.00 |
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of the Common Stock of the Issuer.
- F2. This sale was made pursuant to a written plan adopted on May 29, 2025, meeting the requirements of Rule 10b5-1(c) of the Securities Exchange Act of 1934, as amended, and includes the sale of shares to cover the tax obligation that occurred upon the vesting of restricted stock units.
- F3. One-fourth of the shares subject to the stock option vest and become exercisable on the first anniversary of the date of grant, and the remaining shares vest in 36 equal monthly installments thereafter.
FAQ
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What insider transactions did Travere Therapeutics (TVTX) report for William E. Rote?
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What is the vesting schedule for William E. Rote’s Travere Therapeutics (TVTX) stock options?
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