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EdgarHawk

Burroughs Amy L.

Chief Executive Officer

Director Officer
7 filings analyzed · 1 company · Latest 2026-03-17

Companies

Company Buys Sells Direction
Terns Pharmaceuticals, Inc. TERN 3 16 Net selling

Activity

March 2026
high
Sell
14,583 shares
$681,108
Significance 7/10

TERN CEO Burroughs sells 14,583 shares for $681,108.26 on 2026-03-16; stock up 23% in 30 days, near 52-week high of $47.09.

CEO Amy L. Burroughs executed two separate sales totaling 14,583 shares for $681,108.26, reducing her holdings from 303,559 to 288,976 shares (-4.8%). The sales occurred at $46.57 and $47.30 per share—just below the 52-week high of $47.09—as the stock has rallied +23.0% over the prior 30 days. The timing occurs on an unprofitable company (net income $-24.6M) with revenue declining -100.0% year-over-year, suggesting material operational headwinds. Her same-ticker selling pattern shows three recent sales on 2026-02-17 with outcomes still pending, and an inconsistent historical timing record at TERN (2 of 2 measurable prior sells posted small positive 30-day returns). The convergence of peak valuation, deteriorating fundamentals, and sequential selling activity warrants examination of insider confidence relative to the company's financial trajectory.

February 2026
medium
Sell
14,583 shares
$571,579
Significance 6/10

CEO Amy L. Burroughs sold 14,583 shares (14.6K) at blended $39.19 on Feb 17, reducing stake 4.8% to 288,976 shares.

CEO Amy L. Burroughs executed 3 separate sales totaling 14,583 shares for $571,579.08 on a single day at prices ranging from $38.07 to $39.80, just below the current market price of $39.35. This transaction is notable in the context of Terns' fundamentals: the company reported a net loss of $-24,635,000.00 over its most recent full fiscal year with annual revenue growth of -100.0%, yet the stock has appreciated 50.7% over the past 90 days and trades 16.4% below its 52-week high of $47.09. At this ticker, Burroughs' prior 3 sales (executed Jan 5 and Jan 15) showed modest near-term returns (+2.1%, +0.7%, -5.4% at the 30-day mark), and only 1 of her 2 measurable buy outcomes at TERN was well-timed; her cross-ticker sell track record averaged -0.9% returns over 30 days. The sale reduces her holdings from 303,559 to 288,976 shares—a modest reduction—during a period of strong recent price momentum against a backdrop of ongoing losses.

January 2026
high
Sell
68,749 shares
$2,548,603
Significance 6/10

CEO Burroughs sold 68,749 shares at avg $37.07 (totaling $2.5M), reducing stake by 19.2% to 288,976 shares

Amy L. Burroughs, Chief Executive Officer of Terns Pharmaceuticals, executed 2 separate sales on 2026-01-15 totaling 68,749 shares for $2,548,602.83 at a blended average price of $37.07. The sale reduced her holdings by 19.2%, from 357,725 shares to 288,976 shares. This transaction occurs against a challenging fundamental backdrop: the company reported a full-year net income of $-24,635,000.00 (negative, unprofitable) and annual revenue declined 100.0%, while the stock has retreated 22.3% from its 52-week high of $47.09 (trading currently at $36.60). At the same-ticker level, Burroughs' prior sell on 2026-01-05 is not yet measurable, but her prior buys at TERN show mixed outcomes (one 90-day return of +94.0%, another of -49.2%, indicating inconsistent execution). The magnitude of this 68.7K-share liquidation, combined with negative profitability and revenue contraction, warrants examination of whether this reflects portfolio rebalancing or a shift in conviction toward the company's near-term trajectory.

high
Sell
71,339 shares
$2,718,230
Significance 7/10

CEO Amy L. Burroughs sold 71,339 shares of TERN at $38.10 on 2026-01-05, reducing stake 33.9%; company unprofitable with -$24.6M net income.

Amy L. Burroughs, CEO of Terns Pharmaceuticals, sold 71,339 shares for $2,718,229.92, reducing her holdings from 210,315 shares to 138,976 shares. The sale represents a 33.9% reduction in her position at $38.10 per share, occurring as the stock trades at $38.32 (off its 52-week high of $47.09). The timing is notable given that prior TERN-specific trades show mixed results: a June 2025 buy appreciated 56.3% in 30 days and 94.0% in 90 days, while a December 2024 buy declined 19.6% and 49.2% respectively. Against the backdrop of the company's negative $24.6M net income over its most recent full fiscal year and zero year-over-year revenue growth, a material stake reduction by the CEO warrants attention to underlying business momentum and competitive positioning.

June 2025
medium
Buy
23,314 shares
$90,230
Significance 4/10

CEO Amy L. Burroughs bought 23,314 shares of TERN at $3.87; stock +34.4% in 30d but CEO's prior 2 TERN buys underperformed (90d: -19.6%, -27.8%).

Chief Executive Officer Amy L. Burroughs purchased 23,314 shares at $3.87, doubling her holdings from 23,769 to 47,083 shares. The acquisition occurred against a backdrop of company fundamentals showing negative net income of -$23,908,000.00 and zero annual revenue growth (declining -100.0% year-over-year), raising questions about the investment rationale during operational distress. Her prior trades at TERN show a poor timing record: a December 2024 buy declined 19.6% in 30 days and 49.2% over 90 days, and a November 2024 buy delivered -27.8% over 90 days, with zero of two prior TERN purchases proving well-timed at the 90-day mark. While the stock has risen 34.4% over the past 30 days from its $2.00–$11.23 range, this recent recovery does not offset the persistent underperformance pattern in the insider's transaction history at this security.

February 2025
low
Buy
510 shares
$2,606
Significance 3/10

TERN CEO Amy L. Burroughs buys 510 shares at $5.11, raising stake to 19,609 shares amid -61.1% decline from 52-week high

Burroughs purchased 510 shares of Terns Pharmaceuticals at $5.11 on 2024-11-30, a modest 2.7% increase to her 19,609-share position. The transaction occurred in a severely depressed environment: the stock trades at $4.37, down 61.1% from its 52-week high of $11.23, with a 30-day decline of 24.0% and 90-day decline of 39.0%. Fundamentally, the company reported negative net income of $-21,945,000.00 and experienced annual revenue growth of -100.0%, indicating operational distress. The CEO's cross-ticker track record shows limited buy activity with an average 30-day return of -19.6%, and her single prior TERN transaction (a buy on 2024-12-05) has already declined 19.6% within 30 days, raising questions about timing effectiveness in this volatile, unprofitable company.

December 2024
high
Buy
15,450 shares
$110,468
Significance 6/10

CEO Amy L. Burroughs bought 15,450 shares of TERN at $7.15 on 2024-12-05, expanding stake 423.4%; stock now down -41.4% from 52-week high.

Amy L. Burroughs, Chief Executive Officer of Terns Pharmaceuticals, purchased 15,450 shares at $7.15 on 2024-12-05, raising her holdings from 3,649 to 19,099 shares (+423.4% increase). This represents a material commitment of $110,467.50 by the company's top executive at a time when the stock is trading at $6.58, down -41.4% from its 52-week high of $11.23. Notably, Terns is unprofitable with full-year net income of -$21,945,000.00 and zero annual revenue growth (-100.0% year-over-year), creating a backdrop of operational challenges. The CEO's purchase just five days after a prior buy on 2024-11-30 suggests sustained or escalating conviction during a period of significant stock deterioration, though the recent 90-day decline of -41.4% frames this acquisition in a depressed price environment.

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