Form 4: Third Harmonic Bio Executive Julie Person Executes Stock Option and Sells Shares Under 10b5-1 Plan

Julie Person, Chief Administrative Officer of Third Harmonic Bio, exercised stock options and sold 10,000 shares of common stock on June 26, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On June 26, 2024, Julie Person, the Chief Administrative Officer of Third Harmonic Bio, exercised an option to purchase 10,000 shares of common stock at a price of $4.20 per share.
• Simultaneously, Ms. Person sold 10,000 shares of common stock at a weighted average price of $12.4569 per share, with individual sales prices ranging from $12.00 to $12.90.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on March 27, 2024.
• Following these transactions, Ms. Person no longer directly owns any shares of Third Harmonic Bio common stock, but continues to hold options for 165,962 shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders. The use of a 10b5-1 plan suggests the insider's transactions were pre-planned and not based on inside information at the time of the trades.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates