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LB PHARMACEUTICALS INC — Director's Dealing 2025
Sep 13, 2025
33183_dirs_2025-09-12_5a8896f2-21bf-4fc0-843b-f3a82fd256b2.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LB PHARMACEUTICALS INC (LBRX)
CIK: 0001691082
Period of Report: 2025-09-10
Reporting Person: Garland J. Scott (N/A)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-09-10 | Employee Stock Option (Right to Buy) | $41.84 | D | 17929 | Disposed | 2034-03-03 | Common Stock (17929) | Direct |
| 2025-09-10 | Employee Stock Option (Right to Buy) | $15 | A | 17929 | Acquired | 2034-03-03 | Common Stock (17929) | Direct |
| 2025-09-10 | Employee Stock Option (Right to Buy) | $41.84 | D | 3585 | Disposed | 2034-06-05 | Common Stock (3585) | Direct |
| 2025-09-10 | Employee Stock Option (Right to Buy) | $15 | A | 3585 | Acquired | 2034-06-05 | Common Stock (3585) | Direct |
| 2025-09-10 | Employee Stock Option (Right to Buy) | $15 | A | 22449 | Acquired | 2035-09-09 | Common Stock (22449) | Direct |
Footnotes
F1: One fourth (1/4) of the shares subject to the option award vested on March 4, 2025 and the remaining shares subject to the option vested or shall vest in thirty-six (36) equal monthly installments thereafter, subject to the Reporting Person's continuous service through such vesting date.
F2: The transactions reported herein reflect a one-time stock option repricing, effective on September 10, 2025, which reduced the per share exercise price of each repriced option to $15, representing the initial public offering price of the Issuer's common stock (the "Option Repricing"). Except as modified by the Option Repricing, all other terms and conditions of the repriced options, including, without limitation, any provisions with respect to vesting, remain in full force and effect.
F3: One fourth (1/4) of the shares subject to the option award vested on January 31, 2025 and the remaining shares subject to the option vested or shall vest in thirty-six (36) equal monthly installments thereafter, subject to the Reporting Person's continuous service through such vesting date.
F4: The option award shall vest in three (3) equal annual installments on September 10, 2026, September 10, 2027 and September 10, 2028, subject to the Reporting Person's continuous service through such vesting date.