Cooke Shane 4

What Happened
Shane Cooke, a director of Alkermes plc, exercised 61,200 stock options on 2026-02-02 at $31.64 per share (cost $1,936,368) and sold the resulting 61,200 shares the same day in two open-market transactions for a total of $2,115,672. The filing shows the underlying derivative (the options) was disposed upon exercise. Net proceeds from the sales minus the exercise cost were roughly $179,304 before taxes, fees or withholdings.

Key Details

• Transaction date: 2026-02-02.
• Option exercise: 61,200 shares acquired @ $31.64 = $1,936,368.
• Open-market sales: 29,087 shares @ weighted avg $34.34 = $998,795; 32,113 shares @ weighted avg $34.78 = $1,116,877. Total sales = $2,115,672.
• Derivative disposition: the filing shows the options were converted/disposed (61,200 @ $0.00) upon exercise.
• Footnotes: transaction executed under a Rule 10b5-1 trading plan adopted 2/27/2025 (F1). Sales prices are weighted averages from multiple trades (F2, F3). Options were fully vested (F4).
• Shares owned after the transactions: not reported in this filing.
• Filing timeliness: reported on 2026-02-02 for transactions on 2026-02-02 (no late filing indicated).

Context
This was effectively an exercise-and-sell (cashless) sequence under a pre-established 10b5-1 plan — a common, pre-arranged way insiders monetize vested options. Such transactions are typically routine and do not by themselves signal a change in insider sentiment; purchases are generally more informative about bullish conviction.