Mark J. Vignola - 02 Jan 2025 Form 4 Insider Report for Terns Pharmaceuticals, Inc. (TERN)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
06 Jan 2025, 19:30:43 UTC
Prior SEC filing
12 Sep 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ David Strauss, as Attorney-in-Fact for Mark J. Vignola

Key filing fact

Mark J. Vignola filed Form 4 for Terns Pharmaceuticals, Inc. (TERN) on 06 Jan 2025.

Key facts

  • This page summarizes Mark J. Vignola's Form 4 filing for Terns Pharmaceuticals, Inc. (TERN).
  • 2 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 06 Jan 2025, 19:30.

Change

  • Previous filing in this sequence was filed on 12 Sep 2024.
  • Current net transaction value: -$99,024.

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.

TERN transaction

Common Stock

Sale

Transaction value
$46,524
Shares
-8,129
Change %
-8.8%
Price
$5.72
Shares after
83,811
Date
02 Jan 2025
Ownership
Direct
Footnotes
F1, F2
TERN transaction

Common Stock

Sale

Transaction value
$52,500
Shares
-9,059
Change %
-11%
Price
$5.80
Shares after
74,752
Date
06 Jan 2025
Ownership
Direct
Footnotes
F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

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 4 footnotes

Footnote F1

Represents shares of common stock sold to satisfy taxes associated with the vesting of a restricted stock unit award previously granted to the Reporting Person. Such sales do not represent a discretionary trade by the Reporting Person.

Footnote F2

This sale price represents the weighted average sale price of the shares sold ranging from $5.64 to $5.75 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Footnote F3

The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 18, 2024.

Footnote F4

This sale price represents the weighted average sale price of the shares sold ranging from $5.66 to $5.95 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

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