Septerna (SEPN) Director Coulie Bernard Receives 15,000-Share Award

What Happened

• Coulie Bernard, a director of Septerna, was granted an award on 2026-06-26 covering 15,000 derivative shares (reported as acquisition price $0.00). The Form 4 lists the transaction as an award/other acquisition (derivative instrument), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-26; Filing date: 2026-06-30 (file appears timely — within two business days).
• Instrument: Derivative award (stock option/award) covering 15,000 shares; reported acquisition price $0.00 (no cash paid on filing).
• Vesting: Per footnote, the underlying shares vest in full upon the earlier of (i) June 26, 2027 or (ii) the issuer's next annual meeting, subject to continued service.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Remarks/Exhibits: Exhibit 24.2 — Substitute Power of Attorney was included.

Context

• This was a compensation award (derivative grant) rather than a market purchase or sale; it does not represent an immediate cash investment or disposition by the director. The award vests over time/subject to continued service, so it does not necessarily indicate immediate insider buying or selling activity.