BURROUGHS AMY L. (Chief Executive Officer) sold 33.9% of their position (71.34K shares) of TERNS PHARMACEUTICALS, INC. on the open market
Open‑market sale worth $2.72M — a major position exit. Review remaining holdings and any 10b5‑1 plan disclosures.
S · 1 sale
Filed: 1/6/2026ACC: 0001872564-26-000002
DirectorOfficer· Chief Executive Officer
Since Feb 2026
-71.34K
Net shares
Net seller
$2.72M
Total sold
1
Open market trades
0B · 1S
5
Total transactions
171.55K acquired · 242.89K disposed
Non-Derivative Transactions3
Common Stock
Direct
Shares
+21.55K
Price / share
$4.64
Trade value
$100K
% of position
55.6%
1/2/2026
38.76K→60.31K
Common Stock
Direct
Shares
+150K
Price / share
—
Trade value
—
% of position
248.7%
1/5/2026
60.31K→210.31K
Common Stock
Direct
Shares
−71.34K
Price / share
$38.10
Trade value
$2.72M
% of position
33.9%
1/5/2026
210.31K→138.98K
Total
Net shares
+100.21K
Net value
-$2.62M
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Direct | 1/2/2026 | M · Option Exercise | +21.55K | $4.64 | $100K | 55.6% | 38.76K | 60.31K |
| Common Stock Direct | 1/5/2026 | M · Option Exercise | +150K | — | — | 248.7% | 60.31K | 210.31K |
| Common Stock Direct | 1/5/2026 | S · Sale | −71.34K | $38.10 | $2.72M | 33.9% | 210.31K | 138.98K |
| Total | +100.21K | -$2.62M | ||||||
Derivative Transactions2
Stock Option (Right to Buy)
Direct
Converts to
Common Stock
21.55K shares
Shares
−21.55K
Strike price
4.64
Held after
1.05M
Exercisable
—
1/2/2026
Restricted Stock Unit
Direct
Converts to
Common Stock
150K shares
Shares
−150K
Strike price
Held after
0.00
Exercisable
—
1/5/2026
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy) Direct | Common Stock21.55K shares | 1/2/2026 | M · Option Exercise | −21.55K | 4.64 | — | 1.05M |
| Restricted Stock Unit Direct | Common Stock150K shares | 1/5/2026 | M · Option Exercise | −150K | — | 0.00 |
Non-Derivative Holdings (Post-Transaction)1
Common Stock
IndirectShares owned8.32K
Total
8.32K indirect8.32K
| Security Title | Shares Owned | Ownership Type |
|---|---|---|
| Common Stock | 8.32K | Indirect |
| Total | 8.32K | 8.32K indirect |
Derivative Holdings (Post-Transaction)0
No derivative holdings reported