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sellModerate cluster of 810b5-1 plan

Peter Heerma sold $18M of TVTX

EVP, CHIEF COMMERCIAL OFFICER at Travere Therapeutics, Inc.. 283,189 shares at an average of $63.06, traded Sep 15, 2026, filed Sep 17, 2026.

Warning score
40
Value
$18M
283,189 shares
Holdings after
117,066
-129% from before
From 52-week low
+175%
low $22.77, close $62.51
From 52-week high
-7%
high $67.52, as of Sep 15, 2026

Score components

  • Role
    Officer
    +15
  • Trade size
    $17.9M at market
    +25
  • Share of holdings sold
    Sold 100% of holdings
    +20
  • Cluster
    8 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

TVTXOct 9, 2026 · close 52.13
Since filing Sep 17, 2026: -19.5%SPY +2.3% · excess -21.8%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001789617-26-000004, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Sep 15, 2026MOption exercise
Common Stock10b5-1
+39,283$26.88$1.1M181,34925 d ago
Sep 15, 2026MOption exercise
Common Stock10b5-1
+1,381$22.40$31k182,73025 d ago
Sep 15, 2026MOption exercise
Common Stock10b5-1
+36,526$8.93$326k219,25625 d ago
Sep 15, 2026SOpen-market sale
Common Stock10b5-1
-71,938$62.05$4.5M147,31825 d ago
Sep 15, 2026SOpen-market sale
Common Stock10b5-1
-27,421$62.59$1.7M119,89725 d ago
Sep 15, 2026SOpen-market sale
Common Stock10b5-1
-1,400$63.65$89k118,49725 d ago
Sep 15, 2026SOpen-market sale
Common Stock10b5-1
-1,431$65.31$93k117,06625 d ago
Sep 16, 2026MOption exercise
Common Stock10b5-1
+100,000$11.25$1.1M217,06625 d ago
Sep 16, 2026MOption exercise
Common Stock10b5-1
+55,000$15.46$850k272,06625 d ago
Sep 16, 2026MOption exercise
Common Stock10b5-1
+17,717$26.88$476k289,78325 d ago
Sep 16, 2026SOpen-market sale
Common Stock10b5-1
-93,604$63.25$5.9M196,17925 d ago
Sep 16, 2026SOpen-market sale
Common Stock10b5-1
-79,113$63.65$5.0M117,06625 d ago
Sep 17, 2026MOption exercise
Common Stock10b5-1
+8,282$22.40$186k125,34825 d ago
Sep 17, 2026SOpen-market sale
Common Stock10b5-1
-8,282$65.07$539k117,06625 d ago
Sep 15, 2026MOption exercise
Employee stock option (right to buy)derivative10b5-1
-39,283$0.00$018,21725 d ago
Sep 15, 2026MOption exercise
Employee stock option (right to buy)derivative10b5-1
-1,381$0.00$053,11925 d ago
Sep 15, 2026MOption exercise
Employee stock option (right to buy)derivative10b5-1
-36,526$0.00$028,47425 d ago
Sep 16, 2026MOption exercise
Employee stock option (right to buy)derivative10b5-1
-100,000$0.00$0025 d ago
Sep 16, 2026MOption exercise
Employee stock option (right to buy)derivative10b5-1
-55,000$0.00$0025 d ago
Sep 16, 2026MOption exercise
Employee stock option (right to buy)derivative10b5-1
-17,717$0.00$050025 d ago
Sep 17, 2026MOption exercise
Employee stock option (right to buy)derivative10b5-1
-8,282$0.00$044,83725 d ago

Related signals

Other insiders at Travere Therapeutics, Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
15Weak
TVTXsell 810b5-1
Travere Therapeutics, Inc.
Sandra Calvin
SVP, CHIEF ACCOUNTING OFFICER
$335k
5,375 shares
-11%
37Weak
TVTXsell 810b5-1
Travere Therapeutics, Inc.
Christopher R. Cline
CHIEF FINANCIAL OFFICER
$3.1M
50,508 shares
-37%
50Moderate
TVTXsell 810b5-1
Travere Therapeutics, Inc.
Eric M Dube
CHIEF EXECUTIVE OFFICER
$25M
400,000 shares
-76%
30Weak
TVTXsell 810b5-1
Travere Therapeutics, Inc.
Jula Inrig
EVP, Head of R&D & CMO
$2.8M
44,674 shares
-31%
30Weak
TVTXsell 810b5-1
Travere Therapeutics, Inc.
Elizabeth E Reed
Chief Legal Officer and GC
$2.3M
37,500 shares
-26%
40Moderate
TVTXsell 810b5-1
Travere Therapeutics, Inc.
William E. Rote
Chief Research Officer
$13M
209,048 shares
-108%
25Weak
TVTXsell 810b5-1
Travere Therapeutics, Inc.
Jeffrey A Meckler
director
$1.3M
20,000 shares
-18%
43Moderate
TVTXsell 8
Travere Therapeutics, Inc.
Christopher R. Cline
CHIEF FINANCIAL OFFICER
$43k
642 shares
-1%
2Weak
TVTXsell10b5-1
Travere Therapeutics, Inc.
Christopher R. Cline
CHIEF FINANCIAL OFFICER
$11k
573 shares
-1%
2Weak
TVTXsell10b5-1
Travere Therapeutics, Inc.
Christopher R. Cline
CHIEF FINANCIAL OFFICER
$8,136
470 shares
-1%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Peter Heerma sold $18M of TVTX | InsiderTell