Form 4: Enliven Therapeutics CFO Benjamin Hohl Executes Stock Option Exercises and Sales
SEC Form 4 Filing
Benjamin Hohl, CFO of Enliven Therapeutics, executed stock option exercises and sales under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On October 4, 2024, Benjamin Hohl, the CFO of Enliven Therapeutics, exercised options to acquire 10,218 shares of common stock at a price of $2.48 per share and sold the same amount at a weighted average price of $27.5082.
- On October 7, 2024, Hohl exercised options to acquire 1,270 shares of common stock at a price of $2.48 per share and sold the same amount at a weighted average price of $27.5081.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on June 26, 2023.
- Following these transactions, Hohl directly owns no shares of common stock.
- Hohl still holds options to purchase 180,870 shares of common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by a company insider. The use of a pre-arranged trading plan suggests no unexpected or unusual activity. Therefore, the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of the financial markets, providing transparency into the transactions of company insiders. The use of a 10b5-1 trading plan suggests that these trades were pre-planned and not based on any inside information at the time of the transactions.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-planned nature of the trades mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| June 26, 2023 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| August 2, 2022 | Date when one-fourth of the option shares vested. |
| October 04, 2024 | Date of stock option exercise and sale of 10,218 shares. |
| October 07, 2024 | Date of stock option exercise and sale of 1,270 shares. |
| August 02, 2031 | Expiration date of the stock options. |
| October 08, 2024 | Date of Form 4 filing. |
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