MAZE President/R&D CMO Bernstein liquidates full position: 15,000 shares via 3 sales (Mar 20) for $736,439.29, blended $49.10/share.
Bernstein completed a complete liquidation of his 15,000-share stake at Maze Therapeutics via three separate sales on March 20, 2026, averaging $49.10 per share against a current price of $48.03. The filing is significant because a senior executive holding the President/R&D and Chief Medical Officer title has exited his entire equity position. The company is in a pre-revenue stage (latest quarterly revenue $0.00) with substantial net losses ($-30.1M), and Bernstein's full-position exit suggests a material reduction in his direct economic alignment with the company's future performance. The current price ($48.03) sits near the midpoint of his sale range ($48.20–$50.02), offering no obvious price-driven catalyst for the timing, though his cross-ticker sales history shows a prior average 30-day return of +4.4%, providing limited forward-looking signal.