Xeris Biopharma (XERS) officer exercises options, lifts share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Xeris Biopharma Holdings reported that officer Steven Pieper exercised stock options and acquired common shares. On March 5, 2026, he converted options into 27,891 common shares at $4.09 per share and 14,036 common shares at $5.93 per share through derivative exercises.
These options were originally granted on January 31, 2018 and December 10, 2020 under company stock option plans with vesting tied to continued employment. Following the transactions, he directly owned up to 1,408,940 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
41,927 shares exercised/converted
Mixed
4 txns
Insider
Pieper Steven
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 27,891 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 14,036 | $0.00 | -- |
| Exercise | Common Stock | 27,891 | $4.09 | $114K |
| Exercise | Common Stock | 14,036 | $5.93 | $83K |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 1,394,904 shares (Direct)
Footnotes (1)
- The reporting person received the stock options on December 10, 2020 pursuant to an award under the Company's 2018 Stock Option/Stock Issuance Plan. 50% of the options vested on the first anniversary of the vesting commencement date, and the remaining 50% of options vested on the second anniversary of the vesting commencement date, in each case subject to continued employment through such vesting date. The reporting person received the stock options on January 31, 2018 pursuant to an award under the Company's 2011 Stock Option/Stock Issuance Plan. 25% of the options vested on the first anniversary of the vesting commencement date, and the remaining 75% of options vested in equal monthly installments over the following three (3) years, in each case subject to continued employment through such vesting date.
FAQ
What insider transaction did Xeris Biopharma (XERS) report for Steven Pieper?
Xeris Biopharma reported that officer Steven Pieper exercised stock options to acquire common shares. On March 5, 2026, he converted previously granted options into 27,891 shares at $4.09 and 14,036 shares at $5.93, increasing his directly owned common stock.
What stock option grants underlie Steven Pieper’s Xeris Biopharma (XERS) Form 4?
The Form 4 shows options originally granted on January 31, 2018 and December 10, 2020 under company stock option plans. Vesting occurred over time, with portions vesting on the first and second anniversaries or in monthly installments, conditioned on continued employment through each vesting date.
Were Steven Pieper’s Xeris Biopharma (XERS) transactions open-market buys or option exercises?
The transactions were option exercises, not open-market purchases. Each is coded “M” for exercise or conversion of derivative security, showing movement from stock options into common stock at specified per-share prices, consistent with exercising previously granted equity awards rather than buying in the market.