Phathom (PHAT) Director Asit Parikh Gifts 80,500 Shares

What Happened

• Asit Parikh, a director of Phathom Pharmaceuticals (PHAT), made a gift transfer on January 23, 2026, moving 80,500 shares. The transaction is reported with a $0 price per share (gift), so the reported value is $0. This was a gift/transfer rather than a purchase or sale and does not indicate a market-driven buy or sell decision.

Key Details

• Transaction date: 2026-01-23; filing date: 2026-01-27.
• Reported transaction type: Gift (code G); shares transferred: 80,500 (reported as both disposed by the reporting person and acquired by the transferee).
• Reported price/value: $0 (no consideration paid).
• Shares owned after transaction: Not disclosed in the provided summary of the filing.
• Footnotes:
  • F1: Shares were transferred for no consideration to a trust for the benefit of the reporting person’s spouse; Parikh serves as trustee.
  • F2: The trust agreed in writing to be bound by a lock-up agreement related to the company’s January 7, 2026 underwriting agreement; the lock-up terms apply to the trust to the same extent they remain in effect at transfer time.
• Filing timeliness: Form filed four days after the transaction (filed 2026-01-27 for a 2026-01-23 transfer); the filing itself does not specify a delinquency code in the summary provided.

Context

• Gifts are generally wealth-transfer or estate-planning actions and do not necessarily reflect the insider’s view of the company’s near-term prospects. The transferee trust is subject to the same lock-up agreement restrictions as noted, which can limit immediate resale.