Travere Therapeutics (TVTX) CEO sells 60,000 shares after option exercise
Rhea-AI Filing Summary
Travere Therapeutics CEO Eric M. Dube reported planned option exercises and related stock sales under a Rule 10b5-1 trading plan adopted on June 16, 2025. On January 23 and January 27, 2026, he exercised employee stock options for a total of 60,000 shares of common stock at an exercise price of $15.46 per share and sold the same number of shares at weighted average prices of $30.0127 and $30.097, respectively. Following these transactions, he held 419,173 shares of Travere common stock directly, and continued to hold fully vested employee stock options with a $15.46 exercise price expiring on January 31, 2030, including positions of 171,865 and 120,000 options.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee stock option (right to buy) | 51,865 | $0.00 | -- |
| Exercise | Common Stock | 51,865 | $15.46 | $802K |
| Sale | Common Stock | 51,865 | $30.097 | $1.56M |
| Exercise | Employee stock option (right to buy) | 8,135 | $0.00 | -- |
| Exercise | Common Stock | 8,135 | $15.46 | $126K |
| Sale | Common Stock | 8,135 | $30.0127 | $244K |
Footnotes (1)
- This sale was made pursuant to a written plan adopted on June 16, 2025, meeting the requirements of Rule 10b5-1(c) of the Securities Exchange Act of 1934, as amended. The weighted average sale price for the transaction reported was $30.0127, and the range of prices were between $30.00 and $30.13. Upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each price will be provided. The weighted average sale price for the transaction reported was $30.097, and the range of prices were between $30.00 and $30.49. Upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each price will be provided. The stock option is fully vested and exercisable.
FAQ
What insider transactions did TVTX CEO Eric M. Dube report?
Eric M. Dube reported exercising employee stock options and selling Travere Therapeutics (TVTX) common stock. On January 23 and 27, 2026, he exercised options for 60,000 shares at $15.46 per share and sold the same number of shares at weighted average prices around $30.
Were Eric M. Dube’s TVTX stock sales under a Rule 10b5-1 plan?
Yes, the sales were made under a written Rule 10b5-1 trading plan. The plan was adopted on June 16, 2025 and is designed to allow pre-arranged trading of shares, helping insiders diversify holdings while following Securities Exchange Act requirements and avoiding discretionary trade timing.
What is the exercise price and expiration of the TVTX employee stock options?
The reported employee stock options have an exercise price of $15.46 per share and are fully vested and exercisable. These options expire on January 31, 2030, giving the reporting person several years to exercise remaining grants, subject to Travere’s equity plan and applicable regulations.
What types of securities were involved in the TVTX Form 4 filing?
The Form 4 covered non-derivative common stock and derivative employee stock options. Options with a $15.46 exercise price were exercised into common shares, which were then sold in open-market transactions at weighted average prices slightly above $30 per share.