Chairman of Board of Directors Mcenany Patrick J exercised 492,000 shares at a strike of $3.83 and sold $11,510,102 worth of shares (492,000 units at $23.39) (SEC Form 4)
$CPRX
Biotechnology: Pharmaceutical Preparations
Health Care
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a 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). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CATALYST PHARMACEUTICALS, INC. [ CPRX ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/11/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common stock, par value $0.001 per share | 11/11/2024 | M | 230,000 | A | $4.01 | 4,708,169 | D | |||
| Common stock, par value $0.001 per share | 11/11/2024 | S | 230,000(1) | D | $23.548(2) | 4,478,169 | D | |||
| Common stock, par value $0.001 per share | 11/12/2024 | M | 70,000 | A | $4.01 | 4,548,169 | D | |||
| Common stock, par value $0.001 per share | 11/12/2024 | S | 70,000(1) | D | $23.421(3) | 4,478,169 | D | |||
| Common stock, par value $0.001 per share | 11/12/2024 | M | 192,000 | A | $3.54 | 4,670,169 | D | |||
| Common stock, par value $0.001 per share | 11/12/2024 | S | 192,000(1) | D | $23.201(4) | 4,478,169 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Options to purchase common stock | $4.01 | 11/11/2024 | M | 230,000 | (5) | 01/02/2025 | Common Stock | 230,000 | $0 | 2,362,745 | D | ||||
| Options to purchase common stock | $4.01 | 11/12/2024 | M | 70,000 | (5) | 01/02/2025 | Common Stock | 70,000 | $0 | 2,292,745 | D | ||||
| Options to purchase common stock | $3.54 | 11/12/2024 | M | 192,000 | (6) | 05/29/2025 | Common Stock | 192,000 | $0 | 2,100,745 | D | ||||
| Explanation of Responses: |
| 1. Shares were sold for personal reasons, including paying federal income taxes and diversifying the Reporting Person's portfolio. Shares were not sold as a result of any disagreement with the Company. Mr. McEnany remains the non-executive chairman of the Company's Board of Directors and the Company's largest individual, non-institutional shareholder. |
| 2. Represents a weighted average price for the shares sold. Shares were sold in various lots ranging from $23.29 to $23.873 per share. |
| 3. Represents a weighted average price for the shares sold. Shares were sold in various lots ranging from $23.30 to $23.50 per share. |
| 4. Represents a weighted average price for the shares sold. Shares were sold in various lots ranging from $23.03 to $23.48 per share. |
| 5. Options vested in three equal tranches on January 2, 2019, 2020 and 2021. |
| 6. Options vested in three equal tranches on May 29, 2019, 2020 and 2021. |
| /s/ Patrick J. McEnany | 11/13/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||