Finer Jeffrey 4

What Happened

• Jeffrey Finer, CEO of Septerna, was granted a derivative award (listed as acquisition code "A") for 400,000 shares on 2026-02-06. The filing lists a price of $0.00, indicating no cash was paid at grant. This is a grant of equity (an option award per the footnote), not an open-market purchase or sale.

Key Details

• Transaction date: February 6, 2026; Form 4 filed February 10, 2026 (filed within the normal two-business-day window).
• Award: 400,000-share derivative award at $0.00 (reported as an option in the footnote).
• Vesting: Per footnote F1, 2/48 of the option vests on March 1, 2026, then the remaining shares vest in 46 substantially equal monthly installments thereafter, contingent on continuous service.
• Shares owned after transaction: Not specified in the Form 4.
• Other: Filing includes Exhibit 24.2 (Substitute Power of Attorney). No 10b5-1 plan, tax withholding, or immediate sales are indicated.

Context

• This is a grant of equity compensation that vests over time; it does not represent an immediate market purchase or sale and does not by itself signal intent to buy or sell stock. The award becomes economically meaningful as portions vest and, if applicable, are exercised or sold in the future.