Form 4: Trevi Therapeutics CEO Jennifer Good Exercises Options and Sells Shares
SEC Form 4 Filing
Trevi Therapeutics CEO Jennifer Good executed stock options and sold shares between September 3rd and September 5th, 2024.
Summary
- Jennifer Good, the President & CEO of Trevi Therapeutics, Inc., engaged in multiple transactions involving the company's common stock between September 3rd and September 5th, 2024.
- She exercised stock options to acquire a total of 54,121 shares at a price of $1.43 per share.
- Concurrently, she sold 54,121 shares of common stock on the open market at weighted average prices ranging from $3.0229 to $3.1112.
- These transactions were executed to satisfy the affirmative defense conditions of Rule 10b5-1(c).
- Following these transactions, Ms. Good directly owns 213,313 shares of Trevi Therapeutics common stock and holds options to purchase 6,059 additional shares.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider transactions and provides transparency to the market regarding the trading activities of company executives. It's common for executives to exercise stock options and sell shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 11/25/2014 | Date stock option was granted. |
| 11/25/2015 | 25% of the shares underlying the option vested. |
| 11/25/2018 | Remaining 75% of the shares vested in equal monthly installments. |
| 09/03/2024 | Earliest transaction date; exercise of options and sale of shares. |
| 09/05/2024 | Latest transaction date; exercise of options and sale of shares. |
| 11/24/2024 | Expiration date of stock options. |
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