Xeris legal chief sells 16,666 shares under plan
Beth Hecht’s sale leaves her with about 1.13 million XERS shares after the Sept. 1 open-market transaction.
Rhea-AI Filing Summary
Xeris Biopharma Holdings, Inc. (XERS) insider Beth Hecht, Chief Legal Officer and Corporate Secretary, reported selling 16,666 shares of common stock on 2026-09-01 in an open-market transaction under a Rule 10b5-1 trading plan adopted on 2025-08-08. The weighted average sale price was $8.4864 per share, from multiple trades between $8.390 and $8.600. Following this sale, Hecht directly holds 1,127,796 shares of XERS common stock.
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Insider Trade Summary 10b5-1
Net Seller: 16,666 shares
Net Sell
1 txn
Insider
Hecht Beth
Role
See Remarks
Sold
16,666 shs ($141K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 16,666 | $8.4864 | $141K |
Holdings After Transaction:
Common Stock — 1,127,796 shares (Direct)
Footnotes (2)
- F1. The transaction was effected pursuant to a rule 10b5-1 trading plan adopted by the reporting person on August 8, 2025.
- F2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.390 to $8.600, 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: 16,666 shares
Weighted average sale price: $8.4864 per share
Price range of sales: $8.390 to $8.600 per share
+2 more
5 metrics
Shares sold
16,666 shares
Common Stock sale on 2026-09-01
Weighted average sale price
$8.4864 per share
Average price for 16,666 shares sold
Price range of sales
$8.390 to $8.600 per share
Range of prices for multiple trades in the transaction
Shares owned after transaction
1,127,796 shares
Direct holdings of Beth Hecht following the sale
Rule 10b5-1 plan adoption date
August 8, 2025
Date Hecht adopted the trading plan used for this sale
Key Terms
Rule 10b5-1 trading plan, weighted average price, open market or private transaction
3 terms
Rule 10b5-1 trading plan regulatory
"The transaction was effected pursuant to a rule 10b5-1 trading plan adopted"
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"
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 or private transaction market
"Sale in open market or private transaction"
FAQ
What insider transaction did XERS disclose for Beth Hecht?
Beth Hecht reported a sale of 16,666 XERS common shares on 2026-09-01 in an open-market transaction, executed under a pre-arranged Rule 10b5-1 trading plan. After this sale, she directly owns 1,127,796 XERS shares.
Was the XERS insider sale by Beth Hecht under a Rule 10b5-1 plan?
Yes. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Beth Hecht on August 8, 2025, as stated in the footnotes to the transaction.
What role does Beth Hecht have at Xeris Biopharma Holdings, Inc. (XERS)?
Beth Hecht is identified as Chief Legal Officer and Corporate Secretary of Xeris Biopharma Holdings, Inc., according to the remarks section of the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.