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Filing Details

Accession Number:: 0001104659-24-022537
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-02-13 20:46:14
Reporting Period:: 2024-02-09

Accepted Time:: 2024-02-13 20:46:14
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1649904	Rhythm Pharmaceuticals Inc.	RYTM	Pharmaceutical Preparations (2834)	462159271

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1909855	Joseph Shulman	222 Berkeley Street, 12Th Floor Boston MA 02116	Chief Technical Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2024-02-09	2,656	$0.00	5,270	No	4	M	Direct
Common Stock	Acquisiton	2024-02-09	69,190	$21.38	74,460	No	4	M	Direct
Common Stock	Disposition	2024-02-09	100	$48.24	74,360	No	4	S	Direct
Common Stock	Disposition	2024-02-09	48,177	$50.14	26,183	No	4	S	Direct
Common Stock	Disposition	2024-02-09	23,397	$50.88	2,786	No	4	S	Direct
Common Stock	Disposition	2024-02-09	100	$51.52	2,686	No	4	S	Direct
Common Stock	Acquisiton	2024-02-11	1,562	$0.00	4,248	No	4	M	Direct
Common Stock	Disposition	2024-02-12	791	$51.38	3,457	No	4	S	Direct
Common Stock	Disposition	2024-02-13	473	$49.84	2,984	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2024-02-09	2,656	$0.00	2,656	$0.00
Common Stock	Stock Option (right to buy)	Disposition	2024-02-09	69,190	$0.00	69,190	$21.38
Common Stock	Restricted Stock Units	Disposition	2024-02-11	1,562	$0.00	1,562	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
5,312		No	4	M	Direct
6,610	2030-07-26	No	4	M	Direct
1,562		No	4	M	Direct

Footnotes

Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 5, 2023.
The sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 instruction solely with the intent to cover withholding taxes in connection with the vesting of certain previously reported restricted stock units.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $49.47 to $50.46. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $50.47 to $51.43. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The restricted stock units vest or have vested as to 25% of the total shares on each of February 9, 2023, February 9, 2024, February 9, 2025 and February 9, 2026. The restricted stock units have no expiration date.
The stock options were granted on July 27, 2020. 25% of the shares subject to the option vested and became exercisable on July 27, 2021 and the remaining 75% of the shares subject to the option shall vest and become exercisable in 12 substantially equal installments upon the Reporting Person's completion of each three full months of successive service to the Issuer thereafter.
The restricted stock units vest or have vested as to 25% of the total shares on each of February 11, 2022, February 11, 2023, February 11, 2024 and February 11, 2025. The restricted stock units have no expiration date.