Form 4: Ardelvx Chief Development Officer Reports Stock Transactions
SEC Form 4 Filing
David P. Rosenbaum, Chief Development Officer of Ardelvx, Inc., reports the acquisition and disposal of common stock and derivative securities.
Summary
- David P. Rosenbaum, Chief Development Officer of Ardelvx, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On November 4, 2024, Rosenbaum exercised a stock option to acquire 27,172 shares of common stock at a price of $2.32 per share.
- On the same day, Rosenbaum disposed of 27,172 shares of common stock at a price of $5.95 per share.
- Following these transactions, Rosenbaum directly owns 301,946 shares of common stock.
- Rosenbaum also indirectly owns 153,616 shares through his wife and 77,592 shares through a family trust.
- He also indirectly owns 27,171 shares via stock options held by his wife.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company officers and directors.
Key Dates
| Date | Description |
|---|---|
| 01/17/2019 | Date from which the option became exercisable in monthly installments. |
| 01/17/2029 | Expiration date of the stock option. |
| 11/04/2024 | Date of the stock acquisition and disposal transactions. |
| 11/06/2024 | Date of the report filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.