Parikh Asit 4

What Happened

• Asit Parikh, a director of Phathom Pharmaceuticals (PHAT), reported gift transactions on 2026-03-10. The Form 4 lists two offsetting "G" entries for 40,000 shares at $0.00 — one showing disposal and one showing acquisition — reflecting a transfer of shares into a trust for the benefit of his spouse. No cash changed hands (transaction value $0).
• This is a gift/transfer, not a purchase or sale; gifts do not necessarily signal insider sentiment about the company.

Key Details

• Transaction date: 2026-03-10 (Form filed 2026-03-11; timely filing).
• Transaction type/code: Gift (G).
• Shares transferred: 40,000 shares (disposed) and 40,000 shares (acquired) at $0.00; net cash = $0.
• Shares owned after transaction: not specified in the provided extract of the filing.
• Footnote: The filing states the shares were transferred for no consideration to a trust for the benefit of the reporting person’s spouse, and the reporting person serves as trustee.
• Filing timeliness: Reported the next day — appears timely (not marked late).

Context

• Gifts are commonly used for estate or family planning and do not necessarily reflect the insider’s view of the company’s prospects. Because this was a transfer to a spouse’s trust (trustee = reporting person), the entries are recorded as both a disposal and an acquisition for reporting purposes.