Nassim Usman - 28 Jun 2024 Form 4 Insider Report for GYRE THERAPEUTICS, INC. (GYRE)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
01 Jul 2024, 18:00:33 UTC
Prior SEC filing
02 May 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Ruoyu Chen, as attorney-in-fact for Nassim Usman

Key filing fact

Nassim Usman filed Form 4 for GYRE THERAPEUTICS, INC. (GYRE) on 01 Jul 2024.

Key facts

  • This page summarizes Nassim Usman's Form 4 filing for GYRE THERAPEUTICS, INC. (GYRE).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 01 Jul 2024, 18:00.

Change

  • Previous filing in this sequence was filed on 02 May 2024.
  • Current net transaction value: -$17,515.

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.

GYRE transaction

Common Stock

Options Exercise

Transaction value
$23,922
Shares
+3,452
Change %
+211%
Price
$6.93
Shares after
5,088
Date
28 Jun 2024
Ownership
Direct
GYRE transaction

Common Stock

Sale

Transaction value
$41,438
Shares
-3,452
Change %
-68%
Price
$12.00
Shares after
1,636
Date
28 Jun 2024
Ownership
Direct
Footnotes
F1, F2
GYRE holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
563
Date
28 Jun 2024
Ownership
By The Usman Family Trust
GYRE holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
77
Date
28 Jun 2024
Ownership
By Nassim Usman IRA

Reported derivative securities

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

GYRE transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-3,452
Change %
-1.2%
Price
$0.000000
Shares after
278,200
Date
28 Jun 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,452
Exercise price
$6.93
Footnotes
F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Nassim Usman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 3 footnotes

Footnote F1

This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted on December 12, 2023.

Footnote F2

The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $12.00 to $12.025. Upon request by the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Footnote F3

This option is vested in full.

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