Hall Christopher M 4
Research Summary
AI-generated summary
Personalis (PSNL) CEO Christopher Hall Exercises Options, Sells Shares
What Happened
- Christopher M. Hall, CEO of Personalis, exercised a total of 100,000 option shares (19,909 on 2026-05-28 and 80,091 on 2026-05-29) at $1.61 per share (total exercise cost $161,000) and sold all 100,000 shares in open-market transactions at a weighted-average price of $11.02 per share for total proceeds of $1,102,000. The Form 4 shows related derivative disposals reported at $0.00, reflecting conversion/surrender steps associated with the option exercise and sale.
Key Details
- Transaction dates: 2026-05-28 (19,909 shares) and 2026-05-29 (80,091 shares).
- Exercise price: $1.61 per share; total exercise cost reported $161,000 (32,053 + 128,947).
- Sale price (weighted avg): $11.02 per share; total gross proceeds $1,102,000 (219,397 + 882,603).
- Sale price ranges: 05-28 sales ranged $11.00–$11.05; 05-29 sales ranged $11.00–$11.12 (weighted averages reported; full breakdown available on request per footnotes).
- Shares owned after the transactions: not provided in the excerpt of the filing.
- Notable footnotes: F1—transactions effected under a Rule 10b5-1 trading plan adopted Dec 17, 2025; F4—options vested over a three-year period beginning Apr 15, 2024 (1/36th per month).
- Filing: Form 4 filed May 29, 2026 for trades on May 28–29, 2026 (appears timely under Form 4 reporting rules).
Context
- This was an option exercise followed by immediate open-market sales (a cashless-style outcome): Hall paid the exercise cost to acquire shares and then sold them. The trades were prearranged under a 10b5-1 plan, which specifies timing and can limit the interpretive value of sales as a signal of current sentiment. The vesting footnote indicates the options became exercisable under a scheduled vesting plan beginning in April 2024.