Key Points 32,410 shares were exercised and sold for a total transaction value of ~$6.0 million on February 2, 2026. After this transaction, Tabuteau directly held 7,229 shares and indirectly held 7,344,500 shares. After recent large dispositions, this event reflects shrinking direct capacity, leaving Tabuteau with just 7,229 directly held shares versus over 7.3 million indirect shares. 10 stocks ...
Key Points 32,410 shares were exercised and sold for a total transaction value of ~$6.0 million on February 2, 2026. After this transaction, Tabuteau directly held 7,229 shares and indirectly held 7,344,500 shares. After recent large dispositions, this event reflects shrinking direct capacity, leaving Tabuteau with just 7,229 directly held shares versus over 7.3 million indirect shares. 10 stocks we like better than Axsome Therapeutics › Herriot Tabuteau, CEO of Axsome Therapeutics (NASDAQ:AXSM), exercised and immediately sold 32,410 common shares in an open-market transaction on February 2, 2026, as disclosed in the SEC Form 4 filing. Transaction summary Metric Value Shares sold (direct) 32,410 Transaction value $6.0 million Post-transaction shares (direct) 7,229 Post-transaction shares (indirect) 7,344,500 Post-transaction value (direct ownership) ~$1,343,726.52 Transaction value based on SEC Form 4 weighted average purchase price ($185.60); post-transaction value based on Feb. 2, 2026 market close ($185.60). Key questions How material was this sale relative to Tabuteau's direct and total ownership? This disposition reduced direct holdings by 81.76%, leaving only 7,229 shares held directly. This disposition reduced direct holdings by 81.76%, leaving only 7,229 shares held directly. What is the significance of the derivative context in this transaction? The sale was solely the result of exercising 32,410 options that were set to expire, with all shares immediately sold on the open market; no new direct or indirect share grants or purchases occurred. The sale was solely the result of exercising 32,410 options that were set to expire, with all shares immediately sold on the open market; no new direct or indirect share grants or purchases occurred. How does this event fit within Tabuteau's recent trading activity and remaining capacity? Since October 2025, Tabuteau has systematically reduced his direct stake from over 39,000 to just 7,229 shares, with the shrinking tr...