Michael Halstead - Nov 12, 2024 Form 4 Insider Report for Intra-Cellular Therapies, Inc. (ITCI)

Role
President
Signature
/s/ John P. Condon, Attorney-in-fact
Stock symbol
ITCI
Transactions as of
Nov 12, 2024
Transactions value $
-$2,454,257
Form type
4
Date filed
11/14/2024, 06:01 PM
Previous filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITCI Common Stock Options Exercise $547K +22.9K $23.94 22.9K Nov 12, 2024 Direct
transaction ITCI Common Stock Sale -$1.34M -15.1K -66.05% $88.72 7.76K Nov 12, 2024 Direct F1, F2
transaction ITCI Common Stock Sale -$548K -6.12K -78.77% $89.63 1.65K Nov 12, 2024 Direct F1, F3
transaction ITCI Common Stock Sale -$150K -1.65K -100% $90.89 0 Nov 12, 2024 Direct F1, F4
transaction ITCI Common Stock Options Exercise $690K +18.7K $36.89 18.7K Nov 13, 2024 Direct
transaction ITCI Common Stock Sale -$1.18M -13.4K -71.45% $88.17 5.34K Nov 13, 2024 Direct F1, F5
transaction ITCI Common Stock Sale -$475K -5.34K -100% $88.92 0 Nov 13, 2024 Direct F1, F6

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 Stock Option (right to buy) Options Exercise $0 -22.9K -100% $0.00 0 Nov 12, 2024 Common Stock 22.9K $23.94 Direct F7
transaction ITCI Stock Option (right to buy) Options Exercise $0 -18.7K -100% $0.00 0 Nov 13, 2024 Common Stock 18.7K $36.89 Direct F7
* 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 August 13, 2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.26 to $89.25, 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 $89.26 to $90.17, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.32 to $91.04, 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.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.635 to $88.63, 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 $88.6574 to $89.08, 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 All shares underlying this option have vested.

Remarks:

EX-24.1 - Power of Attorney