Eric Benevich - Feb 28, 2024 Form 4 Insider Report for NEUROCRINE BIOSCIENCES INC (NBIX)

Role
Chief Commercial Officer
Signature
/s/ Darin Lippoldt, Attorney-in-Fact
Stock symbol
NBIX
Transactions as of
Feb 28, 2024
Transactions value $
-$10,101,608
Form type
4
Date filed
2/29/2024, 06:55 PM
Previous filing
Feb 15, 2024
Next filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NBIX Common Stock Options Exercise $2.3M +53.1K +130.84% $43.24 93.8K Feb 28, 2024 Direct
transaction NBIX Common Stock Sale -$7.16M -53.1K -56.68% $134.69 40.6K Feb 28, 2024 Direct F1, F2
transaction NBIX Common Stock Options Exercise $1.73M +21.9K +53.81% $79.02 62.5K Feb 28, 2024 Direct
transaction NBIX Common Stock Sale -$2.94M -21.9K -34.99% $134.69 40.6K Feb 28, 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NBIX Non-Qualified Stock Option Options Exercise -$2.3M -53.1K -100% $43.24 0 Feb 28, 2024 Common Stock 53.1K $43.24 Direct F3
transaction NBIX Non-Qualified Stock Option Options Exercise -$1.73M -21.9K -35.7% $79.02 39.4K Feb 28, 2024 Common Stock 21.9K $79.02 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The disposition reported in this Form 4 was effected by a broker pursuant to instructions set forth in a Rule 10b5-1 trading plan adopted by the Reporting Person on November 29, 2023. Additionally, Issuer policy restricts the Reporting Person from amending or otherwise modifying any 10b5-1 trading plan subsequent to adoption of the plan.
F2 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $133.82 to $136.03. The Reporting Person has provided to the issuer, and will provide to any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F3 The option was granted February 6, 2017 and vested in 48 equal monthly installments beginning March 6, 2017. These options will expire ten years from the date of grant on February 6, 2027.
F4 The option was granted January 31, 2022 and vested in 48 equal monthly installments beginning February 28, 2022. These options will expire ten years from the date of grant on January 31, 2032.