Cable Thomas J. 4
4 · OMEROS CORP · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
Omeros (OMER) Director Thomas J. Cable Exercises Options, Sells Shares
What Happened Thomas J. Cable, a director of Omeros Corporation (OMER), exercised 7,500 vested stock options on May 22, 2026 (exercise price $10.84) for a cash outlay of $81,300 and simultaneously sold the 7,500 acquired shares in the open market for total proceeds of $87,039 (weighted avg. sale price $11.61). The filing also shows the underlying derivative (the option) was converted/disposed as part of the exercise. Net proceeds before fees and taxes were approximately $5,739.
Key Details
- Transaction date: May 22, 2026 (reported on Form 4 filed May 27, 2026).
- Exercise: 7,500 shares acquired at $10.84 each = $81,300 (derivative code M).
- Sale: 7,500 shares sold, weighted average price $11.61 = $87,039 (code S).
- Sale executed pursuant to a previously established Rule 10b5-1 trading plan adopted June 14, 2024 (Footnote F1).
- The sales happened in multiple trades at prices from $11.46 to $11.93 (Footnote F2); weighted average reported.
- The filing shows the underlying option was converted/disposed (listed at $0.00 for the derivative portion).
- Shares owned after the transaction are not disclosed in this filing.
- Filing timing: Reported May 27 for a May 22 transaction — this appears later than the typical two-business-day Form 4 deadline.
Context This was effectively a cash exercise and immediate sale (a routine cashless-style transaction) conducted under a pre-established 10b5-1 plan. Such sales are commonly used for orderly disposition and do not, by themselves, indicate the insider’s view of the company’s prospects.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-05-22$10.84/sh+7,500$81,300→ 42,567 total - Sale
Common Stock
[F1][F2]2026-05-22$11.61/sh−7,500$87,039→ 35,067 total - Exercise/Conversion
Stock Option (Right to Buy)
2026-05-22−7,500→ 0 totalExercise: $10.84From: 2017-06-15Exp: 2026-06-09→ Common Stock (7,500 underlying)
Footnotes (2)
- [F1]Open market sale pursuant to a previously established Rule 10b5-1 trading plan adopted by the reporting person on June 14, 2024. The trading schedule, including sale periods and the number of shares to be sold, was established at the time of the trading plan's adoption in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The shares sold were acquired upon the exercise of vested stock options scheduled to expire on June 9, 2026.
- [F2]This transaction was executed in multiple trades at prices ranging from $11.46 to $11.93. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions referenced in this footnote were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.