Xeris Biopharma (XERS) officer sells 16,667 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Xeris Biopharma Holdings officer Beth Hecht completed an open-market sale of 16,667 shares of common stock at a weighted average price of $6.2282 per share. After the sale, she directly holds 1,193,173 shares. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 16,667 shares ($103,805)
Net Sell
1 txn
Insider
Hecht Beth
Role
See Remarks
Sold
16,667 shs ($104K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 16,667 | $6.2282 | $104K |
Holdings After Transaction:
Common Stock — 1,193,173 shares (Direct, null)
Footnotes (1)
- The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.100 to $6.320, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
Key Figures
Shares sold: 16,667 shares
Weighted average sale price: $6.2282 per share
Post-transaction holdings: 1,193,173 shares
+1 more
4 metrics
Shares sold
16,667 shares
Open-market sale on May 1, 2026
Weighted average sale price
$6.2282 per share
Common stock sale
Post-transaction holdings
1,193,173 shares
Shares directly held after sale
Price range of individual sales
$6.100–$6.320 per share
Multiple trades within this range
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale, non-derivative
4 terms
Rule 10b5-1 trading plan regulatory
"The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported is a weighted average price. These shares were sold in multiple transactions..."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
non-derivative financial
"transaction_type: non-derivative"
FAQ
What insider transaction did Xeris Biopharma (XERS) report for Beth Hecht?
Beth Hecht reported an open-market sale of 16,667 Xeris Biopharma common shares. The transaction was recorded as a code S sale, indicating a sale in the open market or a private transaction, and is disclosed as a routine insider trade in the Form 4 filing.
Was the Xeris Biopharma (XERS) insider trade made under a Rule 10b5-1 plan?
Yes, the filing states the transaction was effected under a Rule 10b5-1 trading plan. Such plans are pre-arranged programs that schedule trades in advance, helping insiders diversify or manage holdings while reducing concerns about trading on nonpublic information.
What does transaction code "S" mean in the Xeris Biopharma (XERS) Form 4?
Transaction code "S" in this Form 4 indicates a sale of common stock in the open market or a private transaction. The filing classifies the event as a non-derivative transaction and confirms it as an open-market sale rather than an option exercise or gift.