Company: CYTK
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000950170-25-064529
Chunk: 5

Company: CYTOKINETICS INC
Filing Date: 2025-05-06
Form: 10-Q
Item: Part II, Item 2
Chunk 5
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None.

ITEM  3. DEFAULTS UPON SENIOR SECURITIES 

None. 

ITEM  4. MINE SAFETY DISCLOSURES 

None. 

ITEM  5. OTHER INFORMATION 

(c) In this Item 5(c) of this quarterly report on Form 10-Q, the terms “officers”, “rule 10b5-1 trading arrangements” and “non-Rule 10b5-1 trading arrangements” have the meanings ascribed to them in Item 408 of Regulation S-K. 

The following directors and officers adopted into or terminated a Rule 10b5-1 trading arrangement during the first quarter of 2025:

•Edward M. Kaye, M.D. – Dr. Kaye adopted a Rule 10b5-1 trading arrangement on March 6, 2025 that was intended to satisfy the affirmative defense provided for under Rule 10b5-1(c) (the “Kaye Plan”). The Kaye Plan provides for the exercise of stock options to acquire up to 33,239 shares of our common stock and the concurrent sale of all shares of common stock acquired upon such exercise and 23,844 shares of common stock, in each case, at pre-specified dates during the term of the plan at various prices. The Kaye Plan will terminate on the earlier of (x) July 1, 2026 and (y) the sale of all securities that are subject to the plan.Certain of our officers have made elections to participate in, and are participating in, our employee stock purchase plan, which may be designed to satisfy the affirmative defense conditions of Rule 10b5-1 under the Exchange Act or may constitute non-Rule 10b5–1 trading arrangements. In addition, certain of our directors have made elections to participate in, and are participating in, our director equity in lieu of cash retainer option program (as described in the “Director Compensation” section of our Proxy Statement for our 2024 Annual Meeting), which may be designed to satisfy the affirmative defense conditions of Rule 10b5-1 under the Exchange Act or may constitute non-Rule 10b5–1 trading arrangements.