Bhatt Elizabeth 4

What Happened Elizabeth Bhatt, President and COO of Septerna, Inc. (SEPN), received a derivative award on February 6, 2026 consisting of 155,000 shares (transaction code A) at an exercise price reported as $0.00. The filing indicates this is an option grant rather than a cash purchase or sale; no cash value was exchanged in the reported transaction.

Key Details

• Transaction date: 2026-02-06; Form 4 filed 2026-02-10 (filed within the required two business days).
• Security: 155,000 shares granted as a derivative (option) — reported price $0.00.
• Vesting (per footnote): 2/48th of the option vests and becomes exercisable on March 1, 2026; the remaining shares vest in 46 substantially equal monthly installments thereafter, subject to continuous service.
• Shares owned after the transaction: not specified in the provided filing.
• Filing exhibits/notes: Exhibit 24.2 — Substitute Power of Attorney.

Context This filing documents an equity award (option grant) to a company executive intended to align incentives and retain management. It is not an immediate purchase or sale of market shares and does not indicate any immediate cash proceeds; future ownership and any trading will depend on vesting and any subsequent exercises or disposals.