Form 4: Disc Medicine's Chief Legal Officer, Rahul Khara, Executes Stock Option and Sells Shares
SEC Form 4 Filing
Rahul Khara, Chief Legal Officer of Disc Medicine, Inc., exercised stock options and sold shares under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On February 3, 2025, Rahul Khara, the Chief Legal Officer of Disc Medicine, Inc., executed a stock option to acquire 7,500 shares of common stock at a price of $14.69 per share.
- Simultaneously, Khara sold 5,687 shares at a weighted average price of $55.395, with individual sales ranging from $54.87 to $55.85.
- An additional 1,813 shares were sold at a weighted average price of $56.0079, with individual sales ranging from $55.87 to $56.28.
- These transactions were conducted under a Rule 10b5-1 trading plan adopted on September 25, 2024.
- Following these transactions, Khara directly owns 14,035 shares of common stock and holds options for 64,804 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment of interests.
Stakeholder Impact
- Shareholders can use this information to understand insider trading activity and assess management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 2022-12-20 | 25% of the shares underlying the option vested. |
| 2024-09-25 | Date of adoption of Rule 10b5-1 trading plan. |
| 2025-02-03 | Date of stock option exercise and share sales. |
| 2032-02-06 | Expiration date of the stock option. |
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