Form 4: Disc Medicine Director William White Executes Stock Option and Sells Shares
SEC Form 4
Director William White exercised stock options and sold shares of Disc Medicine (IRON) on August 1, 2024, under a pre-arranged trading plan.
Summary
- On August 1, 2024, William Richard White, a director of Disc Medicine, Inc. (IRON), executed a stock option to acquire 201 shares of common stock at a price of $9.86 per share.
- Simultaneously, White sold 201 shares acquired through the option exercise.
- White also sold 144 shares at a weighted average price of $43.2381, with individual prices ranging from $42.72 to $43.6814.
- An additional 57 shares were sold at a weighted average price of $43.9474, with individual prices ranging from $43.745 to $44.475.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on December 13, 2023.
- Following these transactions, White continues to hold 2,608 derivative securities (stock options) and no shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company directors and officers, allowing investors to monitor potential alignment or misalignment of interests.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company insiders as it can provide insights into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 2021-09-01 | Options vest in 48 equal monthly installments following this date. |
| 2023-12-13 | Date of adoption of Rule 10b5-1 trading plan. |
| 2024-08-01 | Date of stock option exercise and share sales. |
| 2024-08-05 | Date of Form 4 filing. |
| 2031-09-13 | Expiration date of stock options. |
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