Travere Therapeutics, Inc.
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 6, 2025
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Item 5. Other Information
Trading Arrangements
During the fiscal quarter ended June 30, 2025, certain of our directors and/or officers (as defined in Rule 16a-1(f) under the Exchange Act)adopted, modified orterminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as those terms are defined in Regulation S-K, Item 408, as set forth below. Each 10b5-1 plan listed below is part of such individual’s long-term asset diversification, tax and/or financial planning strategy, and has been entered into in accordance with our Insider Trading Policy. Under the terms of the plans, once the plans are in effect, the individuals listed below have no discretion or control over the timing or effectuation of any transactions in our securities pursuant to the plans, and sales will be made only if the stock meets the minimum price thresholds and/or other requirements specified in the applicable plan. Some of the planned sales relate to shares required to be sold by such individual to cover the tax withholding obligation in connection with the settlement of vested restricted stock units and/or performance restricted stock units. Each director and officer continues to be subject to our stock ownership guidelines, and the execution of all potential sales under the plan would not by themselves cause any such individual to be out of compliance with the requirements of our stock ownership guidelines.
Trading Arrangements Adopted:
| Name & Title | Date Adopted | Character of Trading Arrangement (1) | Aggregate Number of Shares of Common Stock to be Sold Pursuant to Trading Arrangement | Expiration Date (2) |
|---|---|---|---|---|
| Eric Dube, Ph.D. President and Chief Executive Officer | June 16, 2025 | Rule 10b5-1 Trading Arrangement | Up to 497,657 shares | May 29, 2026 |
| Christopher Cline Chief Financial Officer | May 28, 2025 | Rule 10b5-1 Trading Arrangement | Up to 24,673 shares (3) | May 29, 2026 |
| Peter Heerma Chief Commercial Officer | June 16, 2025 | Rule 10b5-1 Trading Arrangement | Up to 15,202 shares (4) | May 29, 2026 |
| Jula Inrig, M.D. Chief Medical Officer | May 28, 2025 | Rule 10b5-1 Trading Arrangement | Up to 69,551 shares | May 29, 2026 |
| William E. Rote, Ph.D. Chief Research Officer | May 29, 2025 | Rule 10b5-1 Trading Arrangement | Up to 93,032 shares (5) | May 29, 2026 |
| Elizabeth E. ReedChief Legal Officer, General Counsel and Corporate Secretary | June 16, 2025 | Rule 10b5-1 Trading Arrangement | Up to 137,122 shares (6) | May 29, 2026 |
| Sandra CalvinSVP and Chief Accounting Officer | June 10, 2025 | Rule 10b5-1 Trading Arrangement | Up to 99,404 shares | August 14, 2026 |
| Timothy Coughlinmember of our Board of Directors | June 16, 2025 | Rule 10b5-1 Trading Arrangement | Up to 18,000 shares (7) | May 19, 2026 |
| 1 | Each trading arrangement marked as a “Rule 10b5-1 Trading Arrangement” is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act (the “Rule”). |
| 2 | Each trading arrangement permits transactions through and including the earlier to occur of (a) the completion of all sales and (b) the date listed in the table. Each trading arrangement marked as a “Rule 10b5-1 Trading Arrangement” only permits transactions upon expiration of the applicable mandatory cooling-off period under the Rule. |
| 3 | Includes shares underlying stock options expiring in May 2026. |
| 4 | Includes gifts of up to 1,969 shares of our common stock to a donor advised fund upon our common stock reaching specified market prices. |
| 5 | Includes shares underlying stock options expiring in February 2027. |
| 6 | Includes shares underlying stock options expiring in January 2027. |
| 7 | Consists of shares underlying stock options expiring in May 2026 and May 2027. |
Trading Arrangements Modified or Terminated:
None.
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