STOCK TITAN

[Form 4] Xenon Pharmaceuticals Inc. Insider Trading Activity

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

Xenon Pharmaceuticals insider transactions by Ian Mortimer show the reporting person exercised a fully vested option to buy 25,000 common shares at $7.69 and simultaneously sold 25,000 shares under a prearranged Rule 10b5-1 plan on 10/01/2025. The sale proceeds reflect an aggregate weighted-average price of $40.16 per share (individual sales ranged $40.00 to $40.495). After these transactions Mortimer directly beneficially owned 31,302 shares and indirectly owned 14,300 shares through his spouse, totaling 45,602 shares. The filing states the option exercised is fully vested and exercisable and that the sales were executed under a 10b5-1 plan.

Transazioni insider di Xenon Pharmaceuticals da Ian Mortimer mostrano che la persona indicata ha esercitato un'opzione pienamente maturata per acquistare 25.000 azioni ordinarie a 7,69 $ e contemporaneamente ha venduto 25.000 azioni nell'ambito di un piano predefinito Rule 10b5-1 il 01/10/2025. I proventi della vendita riflettono un prezzo medio ponderato complessivo di 40,16 $ per azione (le vendite individuali variavano da 40,00 $ a 40,495 $). Dopo queste operazioni Mortimer deteneva direttamente 31.302 azioni e indirettamente 14.300 azioni tramite il coniuge, per un totale di 45.602 azioni. La dichiarazione afferma che l'opzione esercitata è pienamente maturata e esercitabile e che le vendite sono state eseguite nell'ambito di un piano 10b5-1.

Transacciones de insiders de Xenon Pharmaceuticals por Ian Mortimer muestran que la persona reportante ejerció una opción completamente vested para comprar 25.000 acciones comunes a 7,69 $ y, al mismo tiempo, vendió 25.000 acciones bajo un plan preestablecido Rule 10b5-1 el 01/10/2025. Los ingresos de la venta reflejan un precio medio ponderado agregado de 40,16 $ por acción (las ventas individuales oscilaban entre 40,00 $ y 40,495 $). Después de estas operaciones Mortimer poseía directamente 31.302 acciones y poseía indirectamente otras 14.300 acciones a través de su cónyuge, para un total de 45.602 acciones. La presentación indica que la opción ejercida está totalmente vested y ejercitable y que las ventas se realizaron bajo un plan 10b5-1.

Ian Mortimer에 의한 Xenon Pharmaceuticals 내부자 거래는 보고자가 25,000주를 7.69달러에 매수하기 위해 완전히 vest된 옵션을 행사했고 동시에 미리 정해진 Rule 10b5-1 계획에 따라 25,000주를 매도했음을 보여준다. 매매 대금은 주당 가중평균 40.16달러를 반영하며(개별 매매가 40.00~40.495달러). 이러한 거래 후 Mortimer는 직접적으로 31,302주, 배우자를 통해 간접적으로 14,300주를 보유하여 총 45,602주가 된다. 제출문서는 행사된 옵션이 전액 vest 되었고 행사 가능하며 매매가 10b5-1 계획에 따라 실행되었음을 명시한다.

Transactions d'initiés de Xenon Pharmaceuticals par Ian Mortimer montrent que la personne déclarant a exercé une option pleinement acquise pour acheter 25 000 actions ordinaires à 7,69 $ et a simultanément vendu 25 000 actions dans le cadre d'un plan Rule 10b5-1 préétabli le 01/10/2025. Les produits de la vente reflètent un prix moyen pondéré global de 40,16 $ par action (les ventes individuelles allaient de 40,00 $ à 40,495 $). Après ces opérations, Mortimer détenait directement 31 302 actions et indirectement 14 300 actions via son épouse, soit un total de 45 602 actions. Le dossier indique que l'option exercée est entièrement acquise et exercible et que les ventes ont été exécutées dans le cadre d'un plan 10b5-1.

Insider-Transaktionen von Xenon Pharmaceuticals durch Ian Mortimer zeigen, dass die meldende Person eine vollständig vestete Option zum Kauf von 25.000 Stammaktien zum Preis von 7,69 $ ausgeübt hat und gleichzeitig 25.000 Aktien im Rahmen eines vorab festgelegten Rule 10b5-1-Plans am 01.10.2025 verkauft hat. Die Verkaufserlöse spiegeln einen aggregierten gewichteten Durchschnittspreis von 40,16 $ pro Aktie wider (einzelne Verkäufe lagen zwischen 40,00 $ und 40,495 $). Nach diesen Transaktionen besaß Mortimer direkt 31.302 Aktien und indirekt 14.300 Aktien über seinen Ehepartner, insgesamt 45.602 Aktien. Die Einreichung gibt an, dass die ausgeübte Option vollständig vestet und ausübbar ist und dass die Verkäufe unter einem 10b5-1-Plan durchgeführt wurden.

صفقات insider من Xenon Pharmaceuticals بواسطة إيان مورتيمر تُظهر أن الشخص المُبلغ قد مارس خياراً مكتمل الاستحقاق لشراء 25,000 سهم عادي بسعر 7.69 دولار وفي الوقت نفسه باع 25,000 سهم بموجب خطة Rule 10b5-1 مُرتبة مسبقاً في 01/10/2025. عوائد البيع تعكس سعرًا متوسطًا مرجحًا إجماليًا قدره 40.16 دولارًا للسهم الواحد (كانت المبيعات الفردية تتراوح بين 40.00 دولار و40.495 دولار). بعد هذه المعاملات، امتلك مورتيمر بشكل مباشر 31,302 سهمًا وبشكل غير مباشر 14,300 سهم عبر زوجته، ليصبح الإجمالي 45,602 سهم. تفيد الوثائق بأن الخيار الم Exercised مكتمل الاستحقاق وقابل للممارسة وأن البيع قد تم بموجب خطة 10b5-1.

Xenon Pharmaceuticals 的内部交易由 Ian Mortimer 记录 显示申报人已行使一项完全归属的认购权,购买25,000股普通股,价格为7.69美元,并在同一时间按照事先安排的 Rule 10b5-1 计划出售25,000股,日期为2025/10/01。此次出售的总销售价为每股40.16美元的加权平均价(单笔销售价格在40.00美元至40.495美元之间)。在完成这些交易后,Mortimer 直接持有31,302股,透过其配偶间接持有14,300股,总计45,602股。文件声称所行使的期权为 Fully vested 且可行使,且销售是在 10b5-1 计划下执行。

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Insider exercised low-strike options and sold a matching number of shares under a 10b5-1 plan, realizing material gains per share.

The reporting person exercised 25,000 options with a $7.69 strike and sold 25,000 shares at a weighted-average price of $40.16, implying a pre-tax spread of ~$32.47 per share on those exercised shares. This is a common liquidity action when options are deeply in-the-money and does not, by itself, indicate a change to company fundamentals. The use of a Rule 10b5-1 plan signals the sales were prearranged, which reduces immediate interpretive weight but remains material to holders because it changes insider ownership levels: direct holdings moved to 31,302 shares post-transaction.

TL;DR: Transactions are procedurally compliant; 10b5-1 plan use and full vesting are documented.

The Form 4 discloses the 10b5-1 sales plan adoption date and confirms the option was fully vested when exercised. Signatures include an attorney-in-fact, and the explanatory footnotes provide ranges and offer to supply detailed trade-level prices on request. From a governance perspective, disclosure appears complete and follows standards for insider reporting; no amendment or missing procedural detail is apparent within the filing text.

Transazioni insider di Xenon Pharmaceuticals da Ian Mortimer mostrano che la persona indicata ha esercitato un'opzione pienamente maturata per acquistare 25.000 azioni ordinarie a 7,69 $ e contemporaneamente ha venduto 25.000 azioni nell'ambito di un piano predefinito Rule 10b5-1 il 01/10/2025. I proventi della vendita riflettono un prezzo medio ponderato complessivo di 40,16 $ per azione (le vendite individuali variavano da 40,00 $ a 40,495 $). Dopo queste operazioni Mortimer deteneva direttamente 31.302 azioni e indirettamente 14.300 azioni tramite il coniuge, per un totale di 45.602 azioni. La dichiarazione afferma che l'opzione esercitata è pienamente maturata e esercitabile e che le vendite sono state eseguite nell'ambito di un piano 10b5-1.

Transacciones de insiders de Xenon Pharmaceuticals por Ian Mortimer muestran que la persona reportante ejerció una opción completamente vested para comprar 25.000 acciones comunes a 7,69 $ y, al mismo tiempo, vendió 25.000 acciones bajo un plan preestablecido Rule 10b5-1 el 01/10/2025. Los ingresos de la venta reflejan un precio medio ponderado agregado de 40,16 $ por acción (las ventas individuales oscilaban entre 40,00 $ y 40,495 $). Después de estas operaciones Mortimer poseía directamente 31.302 acciones y poseía indirectamente otras 14.300 acciones a través de su cónyuge, para un total de 45.602 acciones. La presentación indica que la opción ejercida está totalmente vested y ejercitable y que las ventas se realizaron bajo un plan 10b5-1.

Ian Mortimer에 의한 Xenon Pharmaceuticals 내부자 거래는 보고자가 25,000주를 7.69달러에 매수하기 위해 완전히 vest된 옵션을 행사했고 동시에 미리 정해진 Rule 10b5-1 계획에 따라 25,000주를 매도했음을 보여준다. 매매 대금은 주당 가중평균 40.16달러를 반영하며(개별 매매가 40.00~40.495달러). 이러한 거래 후 Mortimer는 직접적으로 31,302주, 배우자를 통해 간접적으로 14,300주를 보유하여 총 45,602주가 된다. 제출문서는 행사된 옵션이 전액 vest 되었고 행사 가능하며 매매가 10b5-1 계획에 따라 실행되었음을 명시한다.

Transactions d'initiés de Xenon Pharmaceuticals par Ian Mortimer montrent que la personne déclarant a exercé une option pleinement acquise pour acheter 25 000 actions ordinaires à 7,69 $ et a simultanément vendu 25 000 actions dans le cadre d'un plan Rule 10b5-1 préétabli le 01/10/2025. Les produits de la vente reflètent un prix moyen pondéré global de 40,16 $ par action (les ventes individuelles allaient de 40,00 $ à 40,495 $). Après ces opérations, Mortimer détenait directement 31 302 actions et indirectement 14 300 actions via son épouse, soit un total de 45 602 actions. Le dossier indique que l'option exercée est entièrement acquise et exercible et que les ventes ont été exécutées dans le cadre d'un plan 10b5-1.

Insider-Transaktionen von Xenon Pharmaceuticals durch Ian Mortimer zeigen, dass die meldende Person eine vollständig vestete Option zum Kauf von 25.000 Stammaktien zum Preis von 7,69 $ ausgeübt hat und gleichzeitig 25.000 Aktien im Rahmen eines vorab festgelegten Rule 10b5-1-Plans am 01.10.2025 verkauft hat. Die Verkaufserlöse spiegeln einen aggregierten gewichteten Durchschnittspreis von 40,16 $ pro Aktie wider (einzelne Verkäufe lagen zwischen 40,00 $ und 40,495 $). Nach diesen Transaktionen besaß Mortimer direkt 31.302 Aktien und indirekt 14.300 Aktien über seinen Ehepartner, insgesamt 45.602 Aktien. Die Einreichung gibt an, dass die ausgeübte Option vollständig vestet und ausübbar ist und dass die Verkäufe unter einem 10b5-1-Plan durchgeführt wurden.

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).
1. Name and Address of Reporting Person*
MORTIMER IAN

(Last) (First) (Middle)
3650 GILMORE WAY

(Street)
BURNABY A1 V5G 4W8

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Xenon Pharmaceuticals Inc. [ XENE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
PRESIDENT, CEO & INTERIM CFO
3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025
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 Shares 10/01/2025 M 25,000 A $7.69 56,302 D
Common Shares 10/01/2025 S(1) 25,000 D $40.16(2) 31,302 D
Common Shares 14,300 I By Spouse
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
Stock Option (Right to Buy) $7.69 10/01/2025 M 25,000 (3) 12/17/2025 Common Shares 25,000 $0 0 D
Explanation of Responses:
1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 27, 2024.
2. The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price (rounded to two decimal places), respectively, of shares sold. These share were sold in multiple transactions at prices ranging from $40.00 to $40.495, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
3. The shares subject to the option are fully vested and exercisable.
/s/ Nathaniel Adams, Attorney-in-fact 10/01/2025
** 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.

FAQ

What did Ian Mortimer do in the XENE Form 4 filed on 10/01/2025?

The filing shows Mortimer exercised 25,000 vested options at a $7.69 strike and sold 25,000 common shares under a Rule 10b5-1 plan at a weighted-average price of $40.16.

How many XENE shares does Ian Mortimer beneficially own after these transactions?

After the reported transactions Mortimer directly beneficially owned 31,302 shares and indirectly owned 14,300 shares through his spouse, totaling 45,602 shares.

Were the sales prearranged or part of a 10b5-1 plan?

Yes. The Form 4 states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on September 27, 2024.

What price were the shares sold for in the reported transactions?

The aggregate weighted-average sale price was $40.16 per share, with individual trades ranging from $40.00 to $40.495.

Are the exercised options vested and exercisable?

Yes. The filing explicitly states the shares subject to the option are fully vested and exercisable.
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