Lynn A. Tetrault - 09 Sep 2024 Form 4 Insider Report for RHYTHM PHARMACEUTICALS, INC. (RYTM)

Role
Director
Signature
/s/ Hunter Smith, attorney-in-fact for Lynn A. Tetrault
Issuer symbol
RYTM
Transactions as of
09 Sep 2024
Net transactions value
-$784,298
Form type
4
Filing time
11 Sep 2024, 16:31:34 UTC
Previous filing
28 Aug 2024
Next filing
09 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RYTM Common Stock Options Exercise $60,749 +3,199 +107% $18.99 6,199 09 Sep 2024 Direct
transaction RYTM Common Stock Sale $160,068 -3,199 -52% $50.04 3,000 09 Sep 2024 Direct F1, F2
transaction RYTM Common Stock Options Exercise $41,500 +10,000 +333% $4.15 13,000 10 Sep 2024 Direct
transaction RYTM Common Stock Options Exercise $142,444 +7,501 +58% $18.99 20,501 10 Sep 2024 Direct
transaction RYTM Common Stock Sale $416,418 -8,490 -41% $49.05 12,011 10 Sep 2024 Direct F1, F3
transaction RYTM Common Stock Sale $434,796 -8,661 -72% $50.20 3,350 10 Sep 2024 Direct F1, F4
transaction RYTM Common Stock Sale $17,710 -350 -10% $50.60 3,000 10 Sep 2024 Direct F1, F5

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 RYTM Stock Option (right to buy) Options Exercise $0 -3,199 -30% $0.000000 7,501 09 Sep 2024 Common Stock 3,199 $18.99 Direct F6
transaction RYTM Stock Option (right to buy) Options Exercise $0 -10,000 -100% $0.000000 0 10 Sep 2024 Common Stock 10,000 $4.15 Direct F6
transaction RYTM Stock Option (right to buy) Options Exercise $0 -7,501 -100% $0.000000 0 10 Sep 2024 Common Stock 7,501 $18.99 Direct F6
* 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 sales reported in the Form 4 were effected pursuant to a Rule 10b5-1 instruction adopted on May 13, 2024.
F2 The price reported is a weighted average price. The securities were sold in multiple transactions at per share prices ranging from $50.00 to $50.25. The Reporting Person undertakes to provide upon request the SEC staff, the Issuer, or any shareholder of the Issuer, full information regarding the number of securities sold at each separate price within the range set forth in this footnote.
F3 The price reported is a weighted average price. The securities were sold in multiple transactions at per share prices ranging from $48.53 to $49.52. The Reporting Person undertakes to provide upon request the SEC staff, the Issuer, or any shareholder of the Issuer, full information regarding the number of securities sold at each separate price within the range set forth in this footnote.
F4 The price reported is a weighted average price. The securities were sold in multiple transactions at per share prices ranging from $49.54 to $50.50. The Reporting Person undertakes to provide upon request the SEC staff, the Issuer, or any shareholder of the Issuer, full information regarding the number of securities sold at each separate price within the range set forth in this footnote.
F5 The price reported is a weighted average price. The securities were sold in multiple transactions at per share prices ranging from $50.55 to $50.71. The Reporting Person undertakes to provide upon request the SEC staff, the Issuer, or any shareholder of the Issuer, full information regarding the number of securities sold at each separate price within the range set forth in this footnote.
F6 The option is fully vested and exercisable.