Tong Jeffrey K 4

What Happened Jeffrey K. Tong, a director of Septerna, Inc. (SEPN), was granted a derivative equity award covering 15,000 shares on June 26, 2026. The reported transaction shows an acquisition at a $0.00 price (derivative award/option); no cash changed hands in the Form 4. This is an award/grant rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-06-26; 15,000 shares reported at $0.00 (derivative award).
• Shares owned after transaction: Not disclosed in the provided Form 4 data.
• Vesting footnote (F1): Underlying shares vest in full on the earlier of (i) June 26, 2027 or (ii) the issuer’s next annual meeting of stockholders, subject to continued service through the vesting date.
• Filing: Form 4 was filed on 2026-06-30 (four days after the transaction date), which appears later than the typical two-business-day reporting requirement.
• Remarks: Filing references Exhibit 24.2 — Substitute Power of Attorney.

Context This filing documents a grant of a derivative equity award (not an immediate sale or cash exercise). Because the award vests in the future and there’s no immediate sale, it does not indicate current market selling pressure; it represents compensation/retention tied to future service or corporate events. As always, awards are informative but not definitive signals of insider sentiment.