Chief Medical Officer at Tourmaline Bio Acquires Company Stock Options Worth 217,426 Shares

Grand News Network | October 24, 2023

YUNG CHYUNG, Chief Medical Officer at Tourmaline Bio (NASDAQ:TRML), reported a large acquisition 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 CHYUNG, Chief Medical Officer at Tourmaline Bio, a company in the Health Care sector, was just awarded stock options worth 217,426 shares of TRML. The options give CHYUNG the right to buy the company's stock at $8.43 per share.

Tourmaline Bio shares are trading up 0.95% at $9.55 at the time of this writing on Tuesday morning. Since the current price is $9.55, this makes CHYUNG's 217,426 shares worth $2,076,418.

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