Bassan Abraham 4

What Happened

• Bassan Abraham, a director of Septerna, was granted an award covering 15,000 shares on June 26, 2026. The Form 4 reports the acquisition as a derivative award with a reported price of $0.00 (total shown $0). This was a grant/award (not a sale or open-market purchase).

Key Details

• Transaction date: 2026-06-26; Form 4 filed: 2026-06-30 (appears outside the 2-business-day window for Form 4 filings).
• Transaction type/code: A — grant/award/other acquisition (derivative).
• Shares involved: 15,000 underlying shares; reported acquisition price: $0.00.
• Shares owned after the transaction: not specified in the provided excerpt.
• Footnote: The shares underlying the stock option vest in full upon the earlier of (i) June 26, 2027 or (ii) the date of the issuer’s next annual meeting of stockholders, subject to Abraham’s continued service through such vesting date.
• Remarks: filing includes Exhibit 24.2 (Substitute Power of Attorney).

Context

• This filing documents a grant of a derivative award (stock option or similar) that has not vested and was not exercised or sold. Director awards are commonly used as compensation and include vesting conditions tied to continued service; the award itself does not indicate immediate buying or selling of underlying shares.