Form 4: Foghorn Therapeutics Executive Carlos Costa Executes Stock Options and Sells Shares Under 10b5-1 Plan
SEC Form 4
Carlos Costa, Chief People Officer of Foghorn Therapeutics, exercised stock options and sold shares of common stock under a pre-arranged 10b5-1 trading plan.
Summary
- Carlos Costa, Chief People Officer of Foghorn Therapeutics Inc., executed transactions involving the company's common stock.
- On September 16, 2024, Costa exercised options to acquire 400 shares at $3.72 per share and sold 400 shares at $10.00 per share.
- On September 17, 2024, Costa exercised options to acquire 10,272 shares at $3.72 per share and sold 10,272 shares at a weighted average price of $10.04 per share.
- These transactions were conducted under a Rule 10b5-1 trading plan adopted on March 11, 2024.
- Following these transactions, Costa directly owns 0 shares of common stock and 87,976 stock options.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions. The sentiment is neutral as it reflects scheduled sales under a pre-existing plan.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. The use of 10b5-1 trading plans allows insiders to sell shares over a predetermined period, mitigating concerns about trading on non-public information.
Key Dates
| Date | Description |
|---|---|
| March 11, 2024 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| September 16, 2024 | Date of first reported transaction (exercise and sale of 400 shares) |
| September 17, 2024 | Date of second reported transaction (exercise and sale of 10,272 shares) |
| September 18, 2024 | Date of Form 4 filing |
| February 12, 2029 | Expiration date of the stock options |
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