4//SEC Filing
Canale-Theakston Carin 4
Accession 0001841613-26-000002
CIK 0001610618other
Filed
Jan 6, 7:00 PM ET
Accepted
Jan 7, 8:19 PM ET
Size
20.0 KB
Accession
0001841613-26-000002
Insider Transaction Report
Form 4
Canale-Theakston Carin
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2026-01-07−1,750→ 0 totalExercise: $50.20Exp: 2031-01-21→ Common Stock (1,750 underlying) - Disposition to Issuer
Stock Option (right to buy)
2026-01-07−875→ 0 totalExercise: $38.40Exp: 2031-06-22→ Common Stock (875 underlying) - Disposition to Issuer
Stock Option (right to buy)
2026-01-07−1,400→ 0 totalExercise: $10.60Exp: 2032-06-21→ Common Stock (1,400 underlying) - Disposition to Issuer
Stock Option (right to buy)
2026-01-07−2,125→ 0 totalExercise: $23.40Exp: 2033-06-21→ Common Stock (2,125 underlying) - Disposition to Issuer
Stock Option (right to buy)
2026-01-07−2,125→ 0 totalExercise: $12.64Exp: 2034-07-17→ Common Stock (2,125 underlying) - Disposition to Issuer
Stock Option (right to buy)
2026-01-07−16,000→ 0 totalExercise: $22.81Exp: 2034-12-16→ Common Stock (16,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2026-01-07−11,100→ 0 totalExercise: $21.31Exp: 2035-06-17→ Common Stock (11,100 underlying)
Footnotes (3)
- [F1]The exercise price and the number of securities reported herein have been adjusted to reflect the 1-for-20 reverse stock split effected by the Issuer on April 24, 2024.
- [F2]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated November 13, 2025, by and among Cidara Therapeutics, Inc. (the "Issuer"), Merck Sharp & Dohme LLC ("Merck") and Caymus Purchaser, Inc., a wholly owned subsidiary of Merck ("Purchaser"), on January 7, 2026, Purchaser completed a tender offer to acquire (i) all outstanding shares of common stock of the Issuer, par value $0.0001 per share (each, a "Common Share") and (ii) all outstanding shares of Series A Convertible Voting Preferred Stock of the Issuer, par value $0.0001 per share and thereafter merged with and into the Issuer, with the Issuer continuing as the surviving corporation and a wholly owned subsidiary of Merck (the "Merger").
- [F3]As of immediately prior to and contingent upon the occurrence of the effective time of the Merger, pursuant to the Merger Agreement, each outstanding option became fully vested and exercisable, and to the extent outstanding and unexercised as of immediately before the effective time of the Merger, was cancelled at the effective time of the Merger and converted into the right to receive cash, without interest, subject to any applicable withholding of taxes, in an amount equal to the product of (i) the total number of Common Shares subject to such option immediately prior to the effective time of the Merger multiplied by (ii) the excess of (x) $221.50 per Common Share over (y) the exercise price payable per Common Share under such option.
Documents
Issuer
Cidara Therapeutics, Inc.
CIK 0001610618
Entity typeother
Related Parties
1- filerCIK 0001841613
Filing Metadata
- Form type
- 4
- Filed
- Jan 6, 7:00 PM ET
- Accepted
- Jan 7, 8:19 PM ET
- Size
- 20.0 KB