David C. Myles - Sep 19, 2023 Form 4 Insider Report for Olema Pharmaceuticals, Inc. (OLMA)

Signature
/s/ Shane Kovacs, Attorney-in-Fact
Stock symbol
OLMA
Transactions as of
Sep 19, 2023
Transactions value $
-$253,400
Form type
4
Date filed
9/21/2023, 05:00 PM
Previous filing
Feb 2, 2023
Next filing
Nov 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OLMA Common Stock Sale -$253K -20K -3.38% $12.67 572K Sep 19, 2023 Direct F1, F2, F3
holding OLMA Common Stock 12.8K Sep 19, 2023 See Footnote F4
holding OLMA Common Stock 155K Sep 19, 2023 See Footnote F5
* 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 this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person dated June 20, 2023.
F2 The weighted average sale price for the transaction reported was $12.67, and the range of prices were between $12.31 and $12.85. Upon request from the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price will be provided.
F3 Includes 1,446 shares acquired under the issuer's Employee Stock Purchase Plan on May 15, 2022, and 7,664 shares acquired under the issuer's Employee Stock Purchase Plan on May 15, 2023.
F4 The shares are held by The Myles Family Revocable Inter Vivos Trust, of which the Reporting Person is trustee.
F5 The shares are held by Myles Properties Inc., of which the Reporting Person is President.