BURROUGHS AMY L. (Chief Executive Officer) sold 4.8% of their position (14.58K shares) of TERNS PHARMACEUTICALS, INC. on the open market
Open‑market sale worth $571.6K — a minor trim. Review remaining holdings and any 10b5‑1 plan disclosures.
S · 3 sales
Filed: 2/18/2026ACC: 0001872564-26-000006
DirectorOfficer· Chief Executive Officer
Since Feb 2026
-14.58K
Net shares
Net seller
$571.6K
Total sold
3
Open market trades
0B · 3S
5
Total transactions
14.58K acquired · 29.17K disposed
Non-Derivative Transactions4
Common Stock
Direct
Shares
+14.58K
Price / share
$4.64
Trade value
$67.67K
% of position
5.0%
2/17/2026
288.98K→303.56K
Common Stock
Direct
Shares
−2.34K
Price / share
$38.07
Trade value
$89.11K
% of position
0.8%
2/17/2026
303.56K→301.22K
Common Stock
Direct
Shares
−8.16K
Price / share
$39.22
Trade value
$319.96K
% of position
2.7%
2/17/2026
301.22K→293.06K
Common Stock
Direct
Shares
−4.08K
Price / share
$39.80
Trade value
$162.50K
% of position
1.4%
2/17/2026
293.06K→288.98K
Total
Net shares
+0.00
Net value
-$503.91K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Direct | 2/17/2026 | M · Option Exercise | +14.58K | $4.64 | $67.67K | 5.0% | 288.98K | 303.56K |
| Common Stock Direct | 2/17/2026 | S · Sale | −2.34K | $38.07 | $89.11K | 0.8% | 303.56K | 301.22K |
| Common Stock Direct | 2/17/2026 | S · Sale | −8.16K | $39.22 | $319.96K | 2.7% | 301.22K | 293.06K |
| Common Stock Direct | 2/17/2026 | S · Sale | −4.08K | $39.80 | $162.50K | 1.4% | 293.06K | 288.98K |
| Total | +0.00 | -$503.91K | ||||||
Derivative Transactions1
Stock Option (Right to Buy)
Direct
Converts to
Common Stock
14.58K shares
Shares
−14.58K
Strike price
4.64
Held after
970.12K
Exercisable
—
2/17/2026
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy) Direct | Common Stock14.58K shares | 2/17/2026 | M · Option Exercise | −14.58K | 4.64 | — | 970.12K |
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