Omeros (OMER) Director Arnold Hanish Exercises Options, Sells Shares

What Happened
Arnold C. Hanish, a director of Omeros Corporation (OMER), exercised options to acquire a total of 15,000 shares on August 26–27, 2026, paying roughly $228,525 in aggregate (weighted avg. exercise ≈ $15.24/share). He also sold 15,000 shares in open-market transactions over the same two days, receiving about $282,095 in proceeds (weighted avg. sale ≈ $18.81/share). The pattern — exercising options and then selling shares — is effectively a cashless exercise (exercise followed by immediate market sales).

Key Details

• Transaction dates: Aug 26–27, 2026.
• Options exercised (acquired): 15,000 shares total — 5,000 @ $15.81 (8/26), 2,500 @ $15.81 (8/27), 7,500 @ $14.66 (8/27). Total paid ≈ $228,525; weighted avg ≈ $15.24.
• Open-market sales (disposed): 15,000 shares total — 5,000 @ $18.53 (8/26; weighted avg $18.50–$18.56 per F1), 5,000 @ $18.88 (8/27; weighted avg $18.85–$18.92 per F2), 5,000 @ $19.02 (8/27; weighted avg $19.00–$19.10 per F3). Total proceeds ≈ $282,095; weighted avg ≈ $18.81.
• Net cash difference (proceeds − exercise cost) ≈ $53,570 before taxes and fees.
• Footnotes: F1–F3 note sales executed in multiple trades with reported prices as weighted averages (ranges provided). F4 indicates certain shares are held of record by the Arnold C. Hanish Living Trust, for which Hanish is sole trustee.
• Shares owned after transaction: The filing shows some shares held by the Arnold C. Hanish Living Trust (per F4); the exact post-transaction beneficial ownership is not specified in the summary provided.
• Filing timeliness: Form 4 was filed Aug 28, 2026 for transactions on Aug 26–27; no late filing is indicated in the record provided.

Context

• This was an option exercise followed by sales (a common cashless-exercise pattern). Such activity documents the mechanics (exercising derivative awards and selling stock) but does not, by itself, indicate the director’s long-term view of the company.
• Footnotes clarify that sale prices are weighted averages across multiple trades and that some shares are held in a living trust.