WILLIAM H. RASTETTER - 19 Apr 2023 Form 4 Insider Report for NEUROCRINE BIOSCIENCES INC (NBIX)

Role
Director
Signature
/s/ Darin Lippoldt, Attorney-in-Fact
Issuer symbol
NBIX
Transactions as of
19 Apr 2023
Net transactions value
-$728,605
Form type
4
Filing time
21 Apr 2023, 18:58:33 UTC
Previous filing
24 Jun 2022
Next filing
03 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NBIX Common Stock Options Exercise $20,463 +1,610 +4.7% $12.71* 35,632 19 Apr 2023 Direct
transaction NBIX Common Stock Sale $94,819 -903 -2.5% $105.00 34,729 19 Apr 2023 Direct F1, F2
transaction NBIX Common Stock Options Exercise $136,823 +10,765 +31% $12.71* 45,494 21 Apr 2023 Direct
transaction NBIX Common Stock Sale $633,787 -6,034 -13% $105.04 39,460 21 Apr 2023 Direct F1, F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NBIX Non-Qualified Stock Option Options Exercise $20,463 -1,610 -8% $12.71* 18,390 19 Apr 2023 Common Stock 1,610 $12.71 Direct F5
transaction NBIX Non-Qualified Stock Option Options Exercise $136,823 -10,765 -59% $12.71* 7,625 21 Apr 2023 Common Stock 10,765 $12.71 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The disposition reported in this Form 4 was effected by a broker pursuant to instructions set forth in a Rule 10b5-1 trading plan adopted on May 19, 2022. Additionally, Issuer policy restricts the Reporting Person from amending or otherwise modifying any 10b5-1 trading plan subsequent to adoption of the plan.
F2 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $105.00 to $105.04. The Reporting Person has provided to the issuer, and will provide to any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F3 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $105.00 to $105.11. The Reporting Person has provided to the issuer, and will provide to any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F4 34,022 of the reported shares are held by the Rastetter Family Trust established September 2, 2010, of which the Reporting Person has voting and investment power.
F5 The option was granted May 23, 2013 and vested in 12 equal monthly installments beginning June 23, 2013.