Lawrence J. Hineline - Mar 7, 2024 Form 4 Insider Report for Intra-Cellular Therapies, Inc. (ITCI)

Signature
/s/ Lawrence J. Hineline
Stock symbol
ITCI
Transactions as of
Mar 7, 2024
Transactions value $
-$1,284,650
Form type
4
Date filed
3/11/2024, 08:33 PM
Previous filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITCI Common Stock Sale -$432K -6.51K -49.6% $66.26 6.62K Mar 7, 2024 Direct F1, F2
transaction ITCI Common Stock Sale -$443K -6.62K -100% $66.93 0 Mar 7, 2024 Direct F1, F3
transaction ITCI Common Stock Options Exercise +5.58K 5.58K Mar 10, 2024 Direct F4
transaction ITCI Common Stock Sale -$291K -4.45K -79.77% $65.28 1.13K Mar 11, 2024 Direct F1, F5
transaction ITCI Common Stock Sale -$73.2K -1.1K -97.43% $66.54 29 Mar 11, 2024 Direct F1, F6
transaction ITCI Common Stock Sale -$1.95K -29 -100% $67.32 0 Mar 11, 2024 Direct F1
transaction ITCI Common Stock Options Exercise $257K +4.54K $56.73 4.54K Mar 10, 2024 Direct
transaction ITCI Common Stock Sale -$297K -4.48K -98.59% $66.47 64 Mar 11, 2024 Direct F7, F8
transaction ITCI Common Stock Sale -$4.3K -64 -100% $67.12 0 Mar 11, 2024 Direct F7, F9

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 ITCI Restricted Stock Units Options Exercise $0 -5.58K -50% $0.00 5.58K Mar 10, 2024 Common Stock 5.58K Direct F10, F11
transaction ITCI Stock Option (right to purchase) Options Exercise $0 -4.54K -50% $0.00 4.54K Mar 10, 2024 Common Stock 4.54K $56.73 Direct F12
* 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 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2023. A majority of the proceeds from this sale will be used to cover the reporting person's tax liability arising from the vesting of restricted stock units.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.8115 to $66.8069, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, on request, full information regarding the number of shares sold at each separate price within the range set forth above.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.81 to $67.145, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, on request, full information regarding the number of shares sold at each separate price within the range set forth above.
F4 Restricted stock units convert into common stock on a one-for-one basis.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.05 to $65.92, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, on request, full information regarding the number of shares sold at each separate price within the range set forth above.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.13 to $66.84, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, on request, full information regarding the number of shares sold at each separate price within the range set forth above.
F7 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2023.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.96 to $66.94, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, on request, full information regarding the number of shares sold at each separate price within the range set forth above.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.0012 to $67.32, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, on request, full information regarding the number of shares sold at each separate price within the range set forth above.
F10 Each restricted stock unit represents a contingent right to receive one share of common stock.
F11 On March 10, 2022, the reporting person was granted 16,746 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
F12 On March 10, 2022, the reporting person was granted options to purchase 13,616 shares of common stock, vesting in three equal annual installments beginning on the first anniversary of the grant date.