Michael Halstead - Nov 13, 2023 Form 4 Insider Report for Intra-Cellular Therapies, Inc. (ITCI)

Role
EVP and General Counsel
Signature
/s/ Lawrence J. Hineline, Attorney-in-fact
Stock symbol
ITCI
Transactions as of
Nov 13, 2023
Transactions value $
-$2,016,734
Form type
4
Date filed
11/14/2023, 05:33 PM
Previous filing
Mar 13, 2023
Next filing
Jan 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITCI Common Stock Options Exercise $235K +15.2K $15.47 15.2K Nov 13, 2023 Direct
transaction ITCI Common Stock Options Exercise $443K +34.8K +229.73% $12.73* 50K Nov 13, 2023 Direct
transaction ITCI Common Stock Sale -$477K -8.93K -17.87% $53.37 41.1K Nov 13, 2023 Direct F1, F2
transaction ITCI Common Stock Sale -$2.22M -41.1K -100% $54.01 0 Nov 13, 2023 Direct F1, F3

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 -15.2K -100% $0.00* 0 Nov 13, 2023 Common Stock 15.2K $15.47 Direct F4
transaction ITCI Stock Option (right to buy) Options Exercise $0 -34.8K -43.03% $0.00 46.1K Nov 13, 2023 Common Stock 34.8K $12.73 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 This sale was effected pursuant to a Rule 10b5-1 trading plan originally adopted by the reporting person on March 15, 2023 and amended on May 8, 2023 and August 11, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.03 to $53.665, 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 $53.67 to $54.305, 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 All shares underlying this option have vested.