SEPN Septerna, Inc.

NASDAQ
$38.05

Septerna, Inc. (SEPN) Insider Activity

What the officers, directors and large holders did with their own shares. Only open-market purchases and sales count toward the totals — grants, option exercises and shares withheld for tax are compensation mechanics, not decisions, and they're listed separately below.

Insider signal Bearish Selling ran elevated versus SEPN's own trailing one-year pace, with 2% of sale value under a prearranged plan.
Cluster activity 0 buyers in the last 30 days 0 buyers in the last 90 days 3 sellers in the last 90 days
Insiders buying
0
0 transactions
Insiders selling
3
7 transactions
Purchases
$0
0 shares
Sales
$64.9M
1,528,667 shares
Net activity
-$64.9M
purchases less sales

How much of that selling was preplanned? 2% planned / 98% discretionary

10b5-1 plan sales $1.5M 5 transactions · 35,667 shares
Discretionary sales $63.5M 2 transactions · 1,493,000 shares

Largest single sale: $31.7M.

Where they traded

Buy Sell Dot area is proportional to transaction value.

No open-market insider purchase on record.

Recent open-market activity

Date Insider Role Action Shares Price Value Held after
Long Daniel D. SVP, Drug Discovery Sell 10b5-1 3,333 $37.83 $126.1K 96,412 −3.3% of holding
2 fills Sell 1,493,000 $42.50 $63.5M 4,777,415 −23.8% of holding
Bhatt Elizabeth President and COO Sell 10b5-1 25,000 $44.00 $1.1M 174,209 −12.5% of holding
Long Daniel D. 2 fills SVP, Drug Discovery Sell 10b5-1 3,334 $34.47 $114.9K 98,746 −3.3% of holding
Bhatt Elizabeth President and COO Sell 10b5-1 4,000 $33.99 $136.0K 174,209 −2.2% of holding

Form 4s are due within two business days of a transaction, so this is close to real time — unlike the quarterly 13F data on the Institutional tab. A single large sale often reflects a prearranged 10b5-1 plan rather than a fresh view, so read a pattern of sales rather than any one of them.