Xeris Biopharma (XERS) officer sells 16,667 shares under 10b5-1 plan
Rhea-AI Filing Summary
Xeris Biopharma Holdings, Inc. officer Beth Hecht reported an open-market sale of 16,667 shares of common stock at a weighted average price of $5.9914 per share. After this transaction, she directly owns 1,209,840 shares. The sale was executed under a pre-arranged Rule 10b5-1 trading plan.
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Insider Trade Summary 10b5-1
Net Seller: 16,667 shares ($99,859)
Net Sell
1 txn
Insider
Hecht Beth
Role
See Remarks
Sold
16,667 shs ($100K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 16,667 | $5.9914 | $100K |
Holdings After Transaction:
Common Stock — 1,209,840 shares (Direct)
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 $5.890 to $6.085, 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: $5.9914 per share
Price range of sales: $5.890 to $6.085
+1 more
4 metrics
Shares sold
16,667 shares
Open-market sale of common stock
Weighted average sale price
$5.9914 per share
Average price across multiple sale transactions
Price range of sales
$5.890 to $6.085
Range of prices for individual trade executions
Shares owned after transaction
1,209,840 shares
Direct holdings following the Form 4 sale
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale, Common Stock
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."
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.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 and occurred as part of her direct holdings in the company’s common stock on the reported transaction date.
Was the Xeris Biopharma (XERS) insider sale under a Rule 10b5-1 plan?
Yes. A footnote explains the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Beth Hecht. Such plans pre-schedule trades in advance, making the timing of individual transactions less discretionary for the reporting person.
What does the weighted average price disclosure mean in the XERS Form 4?
The filing reports a weighted average sale price of $5.9914 for the 16,667 shares. It notes these shares were sold in multiple trades between $5.890 and $6.085, and that detailed price-by-trade information is available upon request from the issuer or regulators.