Mirum Director’s Dashing Divestiture Amid Stock Surge

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One might imagine Saira Ramasastry, a director at Mirum Pharmaceuticals (MIRM +1.20%), had just concluded a particularly spirited game of stocks-and-bonds with a dash of flair. On Dec. 22, she exercised 5,000 vested options and promptly sold the resulting shares for $400,000, as reported in a recent SEC Form 4 filing. A most efficient operation, one might say, though one wonders if the ink on her Jeeves-like prearranged trading plan had quite dried before the transaction sprang into action.

Contracts granting the right to buy company shares at a set price within a specific period.

Exercise (of options):

The act of using stock options to purchase shares at the predetermined price.

Vested:

Refers to stock options or benefits that are fully earned and available to the holder.

Open-market sale:

Selling shares directly on a public stock exchange, rather than through private transactions.

Disposition:

The act of selling or otherwise transferring ownership of an asset.

Direct holdings:

Shares owned personally, not through trusts or other entities.

Indirect entities:

Organizations or structures, like trusts, that can hold shares on behalf of an individual.

Equity position:

Ownership interest in a company, typically through holding its shares.

Common stock:

A class of shares representing ownership in a company and a claim on part of its profits.

Trading plan:

A prearranged program for buying or selling securities, often to comply with insider trading regulations.

Orphan diseases:

Rare medical conditions affecting a small percentage of the population, often lacking effective treatments.

TTM:

The 12-month period ending with the most recent quarterly report.

And so, dear reader, we find ourselves at the intersection of finance and farce, where every share sold is a plot twist and every earnings report a chapter in a grand adventure. 🚀

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2026-01-12 19:33