Suresh K. Durgam - 31 Jan 2025 Form 4 Insider Report for Intra-Cellular Therapies, Inc. (ITCI)

Role
EVP, Chief Medical Officer
Signature
/s/ John P. Condon, Attorney-in-fact
Issuer symbol
ITCI
Transactions as of
31 Jan 2025
Net transactions value
-$600,710
Form type
4
Filing time
04 Feb 2025, 17:29:27 UTC
Previous filing
11 Mar 2024
Next filing
04 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITCI Common Stock Award $0 +11,017 +56% $0.000000 30,820 31 Jan 2025 Direct F1
transaction ITCI Common Stock Tax liability $600,710 -4,730 -15% $127.00 26,090 31 Jan 2025 Direct 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 ITCI Restricted Stock Units Award $0 +24,621 $0.000000 24,621 03 Feb 2025 Common Stock 24,621 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 10, 2022, the reporting person was granted performance-based restricted stock units ("PRSUs") under the Intra-Cellular Therapies, Inc. Amended and Restated 2018 Equity Incentive Plan. Each PRSU represents a contingent right to receive one share of common stock upon vesting and settlement. On January 31, 2025, 11,017 PRSUs were vested upon achievement of the reporting person's performance criteria.
F2 Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of PRSUs and does not represent a sale by the reporting person.
F3 Each restricted stock unit represents a contingent right to receive one share of common stock.
F4 On February 3, 2025, the reporting person was granted 24,621 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.

Remarks:

EX-24.1 - Power of Attorney