Revuelta Jose 4

What Happened Jose Revuelta, Chief Strategy Officer of Onterris, Inc. (ONT), exercised stock options on May 11, 2026. The Form 4 shows an acquisition of 27,349 shares at an exercise price of $6.03 per share for a total cash outlay of $164,914. The filing also includes an offsetting derivative entry for 27,349 shares reported as disposed at $0.00 (a reporting detail tied to the exercise/conversion).

Key Details

• Transaction date: 2026-05-11; Filing date: 2026-05-12 (timely).
• Acquired: 27,349 shares at $6.03/share = $164,914.
• Disposed (derivative reporting): 27,349 shares at $0.00 (reporting entry).
• Footnote F1: 50% of the option shares vested on June 9, 2017 and the remaining 50% vested on June 9, 2019 (long-vested awards).
• Shares owned after the transaction: not disclosed in the provided filing excerpt.

Context

• Code M indicates an exercise or conversion of a derivative security (options). There is no record in this filing of an immediate market sale of the acquired shares, so this appears to be an option exercise resulting in ownership, not a cash sale.
• The offsetting $0.00 derivative line is a reporting/legal formality related to the conversion/exercise, not a separate sale for proceeds.
• Because the options vested years ago (2017/2019), this looks like an exercise of long-vested awards rather than a new grant. As always, consider this alongside other insider filings and company fundamentals.