Jeffrey S. Farrow - 17 Jun 2024 Form 4 Insider Report for Tarsus Pharmaceuticals, Inc. (TARS)

Role
Chief Financial Officer and Chief Strategy Officer
Signature
/s/ Jeffrey Farrow, Attorney-in-Fact
Issuer symbol
TARS
Transactions as of
17 Jun 2024
Net transactions value
-$286,924
Form type
4
Filing time
20 Jun 2024, 16:26:33 UTC
Previous filing
11 Mar 2024
Next filing
07 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TARS Common Stock Options Exercise +27,881 +3983% 28,581 17 Jun 2024 Direct F1
transaction TARS Common Stock Sale $286,924 -10,445 -37% $27.47 18,136 18 Jun 2024 Direct F2

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 TARS Restricted Stock Units Options Exercise $0 -27,881 -25% $0.000000 83,644 17 Jun 2024 Common Stock 27,881 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were issued pursuant to settlement of vested Restricted Stock Units ("RSUs").
F2 The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
F3 Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F4 RSUs granted on April 24, 2023, under the Tarsus Pharmaceuticals, Inc. 2020 Stock Plan. 25% of the RSUs will vest on June 15th of each of 2024, 2025, 2026 and 2027, subject to the Reporting Person's continuous service.

Remarks:

Chief Financial Officer and Chief Strategy Officer