Insider Trading Arrangements |
3 Months Ended | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jun. 30, 2025
shares
| |||||||||||||||||||||
| Trading Arrangements, by Individual | |||||||||||||||||||||
| Material Terms of Trading Arrangement | ITEM 5. OTHER INFORMATION. During the second quarter of 2025, the Company did not adopt or terminate a Rule 10b5-1 trading arrangement (as defined in Item 408(a)(1)(i) of Regulation S-K) for the purchase or sale of securities of the Company, whether or not intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act. During the second quarter of 2025, the following Rule 10b5-1 trading arrangements (as defined in Item 408(a)(1)(i) of Regulation S-K) and non-Rule 10b5-1 trading arrangements (as defined in Item 408(c) of Regulation S-K) intended to satisfy the affirmative defense of Rule 10b5-1(c) of the Exchange Act were adopted or terminated by our directors and/or executive officers:
(1) Date of adoption of Rule 10b5-1 trading arrangements is in accordance with both the Company’s insider trading policy and applicable SEC rules and regulations. (2) The first trade pursuant to the Rule 10b5-1 trading arrangement will be, in accordance with both the Company’s insider trading policy and applicable SEC rules and regulations, on a date after the date of adoption of the Rule 10b5-1 trading arrangement. (3) Represents the subsequent sale of the underlying shares pursuant to an exercise of stock options. (4) Represents an exercise of stock options prior to the 10-year expiration date of such options, which would occur within 12 to 24 months. |
||||||||||||||||||||
| Herriot Tabuteau | |||||||||||||||||||||
| Trading Arrangements, by Individual | |||||||||||||||||||||
| Name | Herriot Tabuteau | ||||||||||||||||||||
| Title | Chief Executive Officer | ||||||||||||||||||||
| Rule 10b5-1 Arrangement Adopted | true | ||||||||||||||||||||
| Non-Rule 10b5-1 Arrangement Adopted | true | ||||||||||||||||||||
| Adoption Date | June 13, 2025 | ||||||||||||||||||||
| Expiration Date | May 6, 2026 | ||||||||||||||||||||
| Aggregate Available | 524,000 | ||||||||||||||||||||
| Mark Jacobson | |||||||||||||||||||||
| Trading Arrangements, by Individual | |||||||||||||||||||||
| Name | Mark Jacobson | ||||||||||||||||||||
| Title | Chief Operating Officer | ||||||||||||||||||||
| Rule 10b5-1 Arrangement Adopted | true | ||||||||||||||||||||
| Non-Rule 10b5-1 Arrangement Adopted | true | ||||||||||||||||||||
| Adoption Date | June 17, 2025 | ||||||||||||||||||||
| Expiration Date | March 14, 2026 | ||||||||||||||||||||
| Aggregate Available | 70,783 |