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Board Member at Tourmaline Bio Exercises Options Worth $205K

  • Grand News Network
  • October 24, 2023

MARK MCDADE, Board Member at Tourmaline Bio (NASDAQ:TRML), reported a large exercise of company stock options on October 24, according to a new SEC filing.

What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that MCDADE, Board Member at Tourmaline Bio, a company in the Health Care sector, just exercised stock options worth 20,500 shares of TRML stock with an exercise price of $2.54.

Tourmaline Bio shares are trading up 5.71% at $10.0 at the time of this writing on Tuesday morning. Since the current price is $10.0, this makes MCDADE's 20,500 shares worth $205,000.

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Full story available on Benzinga.com


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