William P. Forbes - 29 Jun 2022 Form 4 Insider Report for Trevi Therapeutics, Inc. (TRVI)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
01 Jul 2022, 16:49:50 UTC
Prior SEC filing
07 Mar 2022
Next SEC filing
20 Mar 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Christopher Galletta, attorney-in-fact

Key filing fact

William P. Forbes filed Form 4 for Trevi Therapeutics, Inc. (TRVI) on 01 Jul 2022.

Key facts

  • This page summarizes William P. Forbes's Form 4 filing for Trevi Therapeutics, Inc. (TRVI).
  • 1 reported transaction and 1 derivative row are listed below.
  • Accepted by SEC: 01 Jul 2022, 16:49.

Change

  • Previous filing in this sequence was filed on 07 Mar 2022.
  • Current net transaction value: $0.

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 derivative securities

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

TRVI transaction Derivative

Performance Stock Options (right to buy)

Award

Transaction value
$0
Shares
+48,000
Change %
Price
$0.000000
Shares after
48,000
Date
29 Jun 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
48,000
Exercise price
$3.21
Footnotes
F1
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote F1

Reporting person was granted a performance-based stock option on February 17, 2021, to purchase 60,000 shares of common stock. The option vests based on the attainment of established performance criteria related to the timing and successful results of the Company's Phase 2b/3 PRISM trial of Haduvio (nalbuphine ER) for the treatment of prurigo nodularis, and Phase 2 CANAL trial of Haduvio for the treatment of chronic cough in patients with idiopathic pulmonary fibrosis. On June 29, 2022, the Compensation Committee of the Board of Directors of the Issuer certified that certain performance metrics related to the successful results of the PRISM trial were satisfied, resulting in the vesting of the option as to 48,000 shares of common stock. The performance-based option remains eligible for vesting with respect to the remaining shares of common stock underlying the option in the event that additional performance metrics related to the successful results of the CANAL trial are satisfied.

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