Jeffrey Stein - 07 Jan 2026 Form 4 Insider Report for Cidara Therapeutics, Inc. (CDTX)

Signature
/s/ Shane Ward, Attorney-in-Fact
Issuer symbol
CDTX
Transactions as of
07 Jan 2026
Net transactions value
-$16,754,260
Form type
4
Filing time
07 Jan 2026, 20:16:46 UTC
Previous filing
29 Dec 2025
Next filing
02 Mar 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Stein Jeffrey President & CEO, Director 6310 NANCY RIDGE DRIVE, SUITE 101, SAN DIEGO /s/ Shane Ward, Attorney-in-Fact 07 Jan 2026 0001478831

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDTX Common Stock Disposed to Issuer $1,276,504 -5,763 -100% $221.50 0 07 Jan 2026 Direct F1, F2, F3
transaction CDTX Common Stock Disposed to Issuer $526,948 -2,379 -100% $221.50 0 07 Jan 2026 By son F1, F2, F3
transaction CDTX Common Stock Disposed to Issuer $14,950,807 -67,498 -100% $221.50 0 07 Jan 2026 By trust F1, F2, 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 CDTX Employee Stock Option (right to buy) Disposed to Issuer -7,949 -100% 0 07 Jan 2026 Common Stock 7,949 $197.80 Direct F4, F5
transaction CDTX Employee Stock Option (right to buy) Disposed to Issuer -11,000 -100% 0 07 Jan 2026 Common Stock 11,000 $156.00 Direct F4, F5
transaction CDTX Employee Stock Option (right to buy) Disposed to Issuer -11,749 -100% 0 07 Jan 2026 Common Stock 11,749 $80.00 Direct F4, F5
transaction CDTX Employee Stock Option (right to buy) Disposed to Issuer -13,249 -100% 0 07 Jan 2026 Common Stock 13,249 $52.20 Direct F4, F5
transaction CDTX Employee Stock Option (right to buy) Disposed to Issuer -16,499 -100% 0 07 Jan 2026 Common Stock 16,499 $39.60 Direct F4, F5
transaction CDTX Employee Stock Option (right to buy) Disposed to Issuer -26,249 -100% 0 07 Jan 2026 Common Stock 26,249 $51.00 Direct F4, F5
transaction CDTX Employee Stock Option (right to buy) Disposed to Issuer -16,499 -100% 0 07 Jan 2026 Common Stock 16,499 $16.65 Direct F4, F5
transaction CDTX Employee Stock Option (right to buy) Disposed to Issuer -27,174 -100% 0 07 Jan 2026 Common Stock 27,174 $20.20 Direct F4, F5
transaction CDTX Employee Stock Option (right to buy) Disposed to Issuer -51,999 -100% 0 07 Jan 2026 Common Stock 51,999 $13.70 Direct F4, F5
transaction CDTX Employee Stock Option (right to buy) Disposed to Issuer -560,888 -100% 0 07 Jan 2026 Common Stock 560,888 $10.75 Direct F5
transaction CDTX Employee Stock Option (right to buy) Disposed to Issuer -275,000 -100% 0 07 Jan 2026 Common Stock 275,000 $21.54 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jeffrey Stein is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated November 13, 2025, by and among Cidara Therapeutics, Inc. (the "Issuer"), Merck Sharp & Dohme LLC ("Merck") and Caymus Purchaser, Inc., a wholly owned subsidiary of Merck ("Purchaser"), on January 7, 2026, Purchaser completed a tender offer to acquire (i) all outstanding shares of common stock of the Issuer, par value $0.0001 per share (each, a "Common Share") and (ii) all outstanding shares of Series A Convertible Voting Preferred Stock of the Issuer, par value $0.0001 per share (each, a "Series A Share"), and thereafter merged with and into the Issuer, with the Issuer continuing as the surviving corporation and a wholly owned subsidiary of Merck (the "Merger"). [continues to Footnote 2]
F2 [continues from Footnote 1] Pursuant to the terms of the Merger Agreement, Common Shares and Series A Shares were tendered and disposed of at the Offer Acceptance Time (as defined in the Merger Agreement) in exchange for the right to receive (i) $221.50 per Common Share (the "Common Share Merger Consideration"), in cash, without interest, subject to any applicable withholding of taxes, and (ii) $15,505.00 per Series A Share (the "Series A Merger Consideration"), in cash, without interest, subject to any applicable withholding of taxes. [continues to Footnote 3]
F3 [continues from Footnote 2] At the effective time of the Merger, each issued and outstanding Common Share and Series A Share (other than Common Shares (a) held by the Issuer (or in the Issuer's treasury), Merck, Purchaser, any other direct or indirect wholly owned subsidiary of Merck or the Issuer, or by stockholders of the Issuer who have properly exercised and perfected their statutory rights of appraisal, or (b) irrevocably accepted for purchase in the tender offer) was automatically canceled and converted into the right to receive the Common Share Merger Consideration and the Series A Merger Consideration, respectively, without interest and subject to any applicable withholding of taxes.
F4 The exercise price and the number of securities reported herein have been adjusted to reflect the 1-for-20 reverse stock split effected by the Issuer on April 24, 2024.
F5 As of immediately prior to and contingent upon the occurrence of the effective time of the Merger, pursuant to the Merger Agreement, each outstanding option became fully vested and exercisable, and to the extent outstanding and unexercised as of immediately before the effective time of the Merger, was cancelled at the effective time of the Merger and converted into the right to receive cash, without interest, subject to any applicable withholding of taxes, in an amount equal to the product of (i) the total number of Common Shares subject to such option immediately prior to the effective time of the Merger multiplied by (ii) the excess of (x) $221.50 per Common Share over (y) the exercise price payable per Common Share under such option.