Form 4: Septerna COO Sells Shares
Insider Transaction (Form 4)
Elizabeth Bhatt, President and COO of Septerna, Inc., sold 25,000 shares of common stock on August 11, 2026 for $44.00 per share.
Summary
- Option exercise/conversion: acquired 18,681 Common Stock at $6.81 ($127,218) on August 11, 2026; holds 192,890 after (Direct).
- Option exercise/conversion: acquired 6,319 Common Stock at $2.76 ($17,440) on August 11, 2026; holds 199,209 after (Direct).
- Open-market sale: disposed of 25,000 Common Stock at $44.00 ($1,100,000) on August 11, 2026; holds 174,209 after (Direct).
- Option exercise/conversion: disposed of 18,681 Stock Option (Right to Buy) on August 11, 2026; holds 62,230 after (Direct).
- Option exercise/conversion: disposed of 6,319 Stock Option (Right to Buy) on August 11, 2026; holds 82,332 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $1,100,000 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Elizabeth Bhatt — Officer (President and COO)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-11 | Option exercise/conversion | Common Stock | 18,681 | $7 | $127.2K | 192,890 |
| 2026-08-11 | Option exercise/conversion | Common Stock | 6,319 | $3 | $17.4K | 199,209 |
| 2026-08-11 | Open-market sale | Common Stock | 25,000 | $44 | $1.1M | 174,209 |
| 2026-08-11 | Option exercise/conversion | Stock Option (Right to Buy) | 18,681 | — | — | 62,230 |
| 2026-08-11 | Option exercise/conversion | Stock Option (Right to Buy) | 6,319 | — | — | 82,332 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-11 | Option exercise/conversion (18,681 shares) |
| 2026-08-11 | Option exercise/conversion (6,319 shares) |
| 2026-08-11 | Open-market sale (25,000 shares) |
| 2026-08-11 | Option exercise/conversion (18,681 shares) |
| 2026-08-11 | Option exercise/conversion (6,319 shares) |
Keywords
insider transaction, Form 4, SEPN, Septerna, Inc., bearish, Elizabeth Bhatt
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