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[Form 4] Travere Therapeutics, Inc. Insider Trading Activity

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Travere Therapeutics (TVTX) reported insider activity by its SVP & Chief Accounting Officer on 11/04/2025. The officer exercised multiple employee stock options and sold shares pursuant to a Rule 10b5-1(c) plan adopted on June 10, 2025.

Exercises: 10,000 shares at $25.25; 17,500 at $26.88; 15,000 at $27.50; 12,500 at $22.40; and 6,250 at $8.93. Sale: 67,115 shares at $36. Following these transactions, beneficial ownership stood at 48,545 shares directly.

Positive

  • None.

Negative

  • None.
Insider Calvin Sandra
Role SVP, CHIEF ACCOUNTING OFFICER
Sold 67,115 shs ($2.42M)
Approx. gross sale proceeds $2.42M
Approx. exercise cost $1.47M
Type Security Shares Price Value
Exercise Employee stock option (right to buy) 10,000 $0.00 $0.00
Exercise Employee stock option (right to buy) 17,500 $0.00 $0.00
Exercise Employee stock option (right to buy) 15,000 $0.00 $0.00
Exercise Employee stock option (right to buy) 12,500 $0.00 $0.00
Exercise Employee stock option (right to buy) 6,250 $0.00 $0.00
Exercise Common Stock 10,000 $25.25 $253K
Exercise Common Stock 17,500 $26.88 $470K
Exercise Common Stock 15,000 $27.50 $413K
Exercise Common Stock 12,500 $22.40 $280K
Exercise Common Stock 6,250 $8.93 $56K
Sale Common Stock 67,115 $36.00 $2.42M
Holdings After Transaction: Employee stock option (right to buy) — 28,750 shares (Direct); Common Stock — 48,545 shares (Direct)
Footnotes (5)
  1. F1. This sale was made pursuant to a written plan adopted on June 10, 2025, meeting the requirements of Rule 10b5-1(c) of the Securities Exchange Act of 1934, as amended.
  2. F2. The stock option is fully vested and exercisable.
  3. F3. One-fourth of the shares subject to the stock option vested and became exercisable on the first anniversary of January 31, 2022, and the remaining shares vest in 36 equal monthly installments thereafter.
  4. F4. One-fourth of the shares subject to the stock option vested and became exercisable on the first anniversary of January 31, 2023, and the remaining shares vest in 36 equal monthly installments thereafter.
  5. F5. One-fourth of the shares subject to the stock option vested and became exercisable on the first anniversary of January 31, 2024, and the remaining shares vest in 36 equal monthly installments thereafter.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Calvin Sandra
(Last) (First) (Middle)
C/O TRAVERE THERAPEUTICS, INC.
3611 VALLEY CENTRE DRIVE, SUITE 300
(Street)
SAN DIEGO CA 92130
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Travere Therapeutics, Inc. [ TVTX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP, CHIEF ACCOUNTING OFFICER
3. Date of Earliest Transaction (Month/Day/Year)
11/04/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/04/2025 M 10,000 A $25.25 64,410 D
Common Stock 11/04/2025 M 17,500 A $26.88 81,910 D
Common Stock 11/04/2025 M 15,000 A $27.5 96,910 D
Common Stock 11/04/2025 M 12,500 A $22.4 109,410 D
Common Stock 11/04/2025 M 6,250 A $8.93 115,660 D
Common Stock 11/04/2025 S(1) 67,115 D $36 48,545 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee stock option (right to buy) $25.25 11/04/2025 M 10,000 (2) 05/10/2028 Common Stock 10,000 $0 0 D
Employee stock option (right to buy) $26.88 11/04/2025 M 17,500 (2) 01/21/2031 Common Stock 17,500 $0 0 D
Employee stock option (right to buy) $27.5 11/04/2025 M 15,000 (3) 01/31/2032 Common Stock 15,000 $0 2,500 D
Employee stock option (right to buy) $22.4 11/04/2025 M 12,500 (4) 01/31/2033 Common Stock 12,500 $0 7,500 D
Employee stock option (right to buy) $8.93 11/04/2025 M 6,250 (5) 01/31/2034 Common Stock 6,250 $0 18,750 D
Explanation of Responses:
1. This sale was made pursuant to a written plan adopted on June 10, 2025, meeting the requirements of Rule 10b5-1(c) of the Securities Exchange Act of 1934, as amended.
2. The stock option is fully vested and exercisable.
3. One-fourth of the shares subject to the stock option vested and became exercisable on the first anniversary of January 31, 2022, and the remaining shares vest in 36 equal monthly installments thereafter.
4. One-fourth of the shares subject to the stock option vested and became exercisable on the first anniversary of January 31, 2023, and the remaining shares vest in 36 equal monthly installments thereafter.
5. One-fourth of the shares subject to the stock option vested and became exercisable on the first anniversary of January 31, 2024, and the remaining shares vest in 36 equal monthly installments thereafter.
/s/ Elizabeth E. Reed, Attorney-in-Fact 11/05/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR