Stephen Davis - 25 Mar 2024 Form 4 Insider Report for ACADIA PHARMACEUTICALS INC (ACAD)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
27 Mar 2024, 19:58:15 UTC
Prior SEC filing
27 Feb 2024
Next SEC filing
09 Apr 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Jennifer J. Rhodes, Attorney-in-Fact

Key filing fact

Stephen Davis filed Form 4 for ACADIA PHARMACEUTICALS INC (ACAD) on 27 Mar 2024.

Key facts

  • This page summarizes Stephen Davis's Form 4 filing for ACADIA PHARMACEUTICALS INC (ACAD).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 27 Mar 2024, 19:58.

Change

  • Previous filing in this sequence was filed on 27 Feb 2024.
  • Current net transaction value: -$317,081.

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.

ACAD transaction

Common Stock

Award

Transaction value
$0
Shares
+34,666
Change %
+34%
Price
$0.000000
Shares after
136,556
Date
25 Mar 2024
Ownership
Direct
Footnotes
F1
ACAD transaction

Common Stock

Sale

Transaction value
$317,081
Shares
-17,714
Change %
-13%
Price
$17.90
Shares after
118,842
Date
27 Mar 2024
Ownership
Direct
Footnotes
F2

Reported derivative securities

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

ACAD transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value
$0
Shares
+286,451
Change %
Price
$0.000000
Shares after
286,451
Date
25 Mar 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
286,451
Exercise price
$17.84
Footnotes
F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Represents acquisition of the Issuer's common stock upon vesting of the performance stock units granted to the Reporting Person on April 5, 2022 at 50% of target.

Footnote F2

The mandatory sales reported in this Form 4 were made to cover withholding taxes and tax related items imposed by the Issuer in connection with the vesting of performance stock units, and it is intended to comply with the requirements of Rule 10b5-1(c)(1)(i)(B) under the Exchange Act and be interpreted to meet the requirements of Rule 10b5-1(c).

Footnote F3

25% of the shares subject to the Stock Option will vest and become exercisable on March 25, 2025. The remaining shares vest and become exercisable in 36 equal monthly installments thereafter.

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