Mineralys (MLYS) CCO Warren Eric Exercises Options and Sells Shares

What Happened

• Warren Eric, Chief Commercial Officer, exercised stock options to acquire 7,437 shares at $13.24 per share (total cost $98,466) and sold those 7,437 shares in the open market at a weighted-average price of $25.98 per share (gross proceeds $193,189). The transactions were reported for 2026-08-21.
• The Form 4 also records a derivative disposition for 7,437 shares at $0, reflecting the option conversion/settlement related to the exercise.

Key Details

• Transaction date: August 21, 2026.
• Exercise (code M, Acquired): 7,437 shares @ $13.24 = $98,466.
• Sale (code S, Disposed): 7,437 shares @ weighted-average $25.98 (prices ranged $25.82–$26.15) = $193,189. (Reporting person can provide per-price breakdown on request.) [F2]
• Derivative disposition (code M, Disposed): 7,437 shares @ $0 (reflects conversion/settlement).
• Sale executed pursuant to a Rule 10b5-1 selling plan adopted March 27, 2026. [F1]
• Vesting note: the option vests 25% after one year, then monthly over 36 months. [F3]
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing: Form 4 filed Aug 25, 2026 for transactions on Aug 21, 2026 — appears timely (no late filing flag reported).

Context

• This was an exercise of stock options followed by immediate sale of the resulting shares (i.e., essentially a cashless outcome where proceeds exceed exercise cost). For clarity: code M denotes option exercise/conversion; code S denotes a sale.
• The sale was made under a pre-arranged 10b5-1 plan, which is a routine mechanism insiders use to sell shares on a scheduled basis rather than a market-timing decision.