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Stock impact report

Erasca CMO's Direct Stake Hit Zero. Her Options Position Didn't [Yahoo! Finance]

Erasca, Inc. (ERAS) 
Company Research Source: Yahoo! Finance
and immediate sale of 20,000 shares of Common Stock for a transaction value of approximately $301,000, according to a SEC Form 4 filing Transaction summary Metric Value Shares sold (direct) Transaction value ~$301,000 Post-transaction shares (direct) Post-transaction value (direct ownership) ~$0 Transaction value based on SEC Form 4 weighted average purchase price ($15.04); post-transaction direct holdings were zero following the transaction. Key questions What was the structure and context of this transaction? The transaction involved exercising 20,000 options for Common Stock, immediately followed by a sale of the same number of shares. How did this filing affect Morris Shannon's direct and beneficial ownership? Direct Common Stock holdings were reduced to zero as a result of this sale, but Shannon continues to hold rights to acquire up to 515,800 shares through stock options, which are not included in direct share ownership until exercised. What was Show less Read more
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