Eric M. Dube - 31 Jan 2024 Form 4 Insider Report for Travere Therapeutics, Inc. (TVTX)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
02 Feb 2024, 16:06:01 UTC
Prior SEC filing
25 Jan 2024
Next SEC filing
09 Sep 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Elizabeth E. Reed, Attorney-in-Fact

Key filing fact

Eric M. Dube filed Form 4 for Travere Therapeutics, Inc. (TVTX) on 02 Feb 2024.

Key facts

  • This page summarizes Eric M. Dube's Form 4 filing for Travere Therapeutics, Inc. (TVTX).
  • 4 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 02 Feb 2024, 16:06.

Change

  • Previous filing in this sequence was filed on 25 Jan 2024.
  • Current net transaction value: -$166,435.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TVTX transaction

Common Stock

Award

Transaction value
$0
Shares
+135,000
Change %
+58%
Price
$0.000000
Shares after
369,722
Date
31 Jan 2024
Ownership
Direct
Footnotes
F1
TVTX transaction

Common Stock

Sale

Transaction value
$77,693
Shares
-9,106
Change %
-2.5%
Price
$8.53
Shares after
360,616
Date
01 Feb 2024
Ownership
Direct
Footnotes
F2
TVTX transaction

Common Stock

Sale

Transaction value
$88,742
Shares
-10,016
Change %
-2.8%
Price
$8.86
Shares after
350,600
Date
01 Feb 2024
Ownership
Direct
Footnotes
F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TVTX transaction Derivative

Employee stock option (right to buy)

Award

Transaction value
$0
Shares
+360,000
Change %
Price
$0.000000
Shares after
360,000
Date
31 Jan 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
360,000
Exercise price
$8.93
Footnotes
F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Each restricted stock unit represents a contingent right to receive one share of the Common Stock of the Issuer.

Footnote F2

Represents the number of shares required to be sold by the Reporting Person to cover the tax withholding obligation in connection with the settlement of vested restricted stock units. This sale is mandated by the Issuer's election under its equity incentive plans to require the Reporting Person to fund this tax withholding obligation by completing a "sell to cover" transaction with a brokerage firm designated by the Issuer. This sale does not represent a discretionary trade by the Reporting Person.

Footnote F3

This sale was made pursuant to a written plan meeting the requirements of Rule 10b5-1(c) of the Securities Exchange Act of 1934, as amended, and includes the sale of shares to cover the tax obligation that occurred upon the vesting of restricted stock units.

Footnote F4

One-fourth of the shares subject to the stock option vest and become exercisable on the first anniversary of the date of grant, and the remaining shares vest in 36 equal monthly installments thereafter.

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