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IRWDIronwood Pharmaceuticals Inc · Insider ownership research

Ironwood Pharmaceuticals Inc insiders sold $2.0M in the past 12 months. How much of their stake is that?

40% was sold under disclosed trading plans, 60% to cover taxes. The largest seller, Ronald Silver (Pfo & Pao), sold $831K.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 16, 2026 from SEC filings · covers Oct 17, 2025 to Oct 16, 2026
$831K
largest seller, Ronald Silver, past 12 months
40%
of sales were under disclosed trading plans, past 12 months
7 of 15
officers and directors sold shares, past 12 months
Is this normal? In line with the past 5 years. 7 insiders sold; the average is 8 a year. Year by year
Latest filing: Filed Sep 17 for a stock award on Sep 15. Alexander Denner received an award of 3.7K shares. Filing
SEC ownership filings: 28 filed in the 12 months to Oct 16, 2026; 804 on record since Feb 2, 2010 · See the evidence

What stands out

Routine activity: 40% of sales were under disclosed plans, and no insider sold more than 1% of vested holdings.

A share of stake is shown for 0 of the 7 officers and directors who sold. 15 are left out

i
Left out: Thomas MCCOURT, Mark Currie, Michael Shetzline, Minardo John, Ronald Silver, Alexander Denner, Tammi Gaskins, Andrew Dreyfus, Julie McHugh, Jon Duane, Gregory Martini, Jay Shepard, Marla Kessler, Catherine Moukheibir and Jeffrey Silber (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Ronald Silver
Pfo & Pao
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$831K89% planned, 11% to cover taxes
Thomas MCCOURT
Chief Executive Officer, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$740KTo cover taxes
Minardo John
Chief Legal Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$136KTo cover taxes
Tammi Gaskins
Chief Commercial Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$100KTo cover taxes
Gregory Martini
Chief Financial Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$82KTo cover taxes
All 7 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesOne dollar scale for every month; the tallest bar is labeled
OctNov 2025: $20K to cover taxesNovDecJan 2026: $163K under a disclosed planJanFeb 2026: $1.2M to cover taxes$1.2MFebMarAprMayJun 2026: $80K under a disclosed planJunJul 2026: $578K under a disclosed planJulAugSepOct

Recent activity

Past 30 days, Sep 17, 2026 to Oct 16, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Jul 7, 2026Ronald Silver sold 128K shares ($578K) under a disclosed trading plan.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Ronald Silver
Pfo & Pao
127,890$4.52n/an/aJul 7, 2026Jul 9, 2026

Outside holders, reported separately

Alexander Denner (for the outside shareholder represented on the board) sold $20.5M in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the Ironwood Pharmaceuticals Inc CEO selling stock?

Yes. Thomas MCCOURT sold 198K shares ($740K) in the past 12 months, none of it under a trading plan disclosed in the filings.

Why are Ironwood Pharmaceuticals Inc insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 40% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 60% were to cover taxes. A trading plan schedules sales in advance.

Are any Ironwood Pharmaceuticals Inc insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold7 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Ronald Silver
Pfo & Pao
$831K
187K shares
Not confirmed
share of stake is being verified. Why
89% under a disclosed plan, 11% to cover taxes
Thomas MCCOURT
Chief Executive Officer, Director
$740K
198K shares
Not confirmed
share of stake is being verified. Why
To cover taxes
Minardo John
Chief Legal Officer
$136K
36K shares
Not confirmed
share of stake is being verified. Why
To cover taxes
Tammi Gaskins
Chief Commercial Officer
$100K
28K shares
Not confirmed
share of stake is being verified. Why
To cover taxes
Gregory Martini
Chief Financial Officer
$82K
22K shares
Not confirmed
share of stake is being verified. Why
To cover taxes
Julie McHugh
Director
$80K
22K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Michael Shetzline
SVP, CMO, Head-Res&Drug
$59K
16K shares
Not confirmed
share of stake is being verified. Why
To cover taxes

Board members representing outside shareholders, reported separately: Alexander Denner (the shareholder sold $20.5M). Details

The full ownership picture0 of 15 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 16, 2025SoldHeld Oct 16, 2026Still held
Thomas MCCOURT
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Thomas MCCOURT are complete.
Chief Executive Officer, Director
n/a−198Kn/an/a
Vesting, gifts, unvested awards and holding lines for Thomas MCCOURT

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Thomas MCCOURT are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Mark Currie
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Mark Currie are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Mark Currie

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Mark Currie are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Michael Shetzline
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Michael Shetzline are complete.
SVP, CMO, Head-Res&Drug
n/a−16Kn/an/a
Vesting, gifts, unvested awards and holding lines for Michael Shetzline

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael Shetzline are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Minardo John
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Minardo John are complete.
Chief Legal Officer
n/a−36Kn/an/a
Vesting, gifts, unvested awards and holding lines for Minardo John

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Minardo John are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Ronald Silver
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Ronald Silver are complete.
Pfo & Pao
n/a−187Kn/an/a
Vesting, gifts, unvested awards and holding lines for Ronald Silver

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ronald Silver are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Alexander Denner
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Alexander Denner are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Alexander Denner

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Alexander Denner are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Tammi Gaskins
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Tammi Gaskins are complete.
Chief Commercial Officer
n/a−28Kn/an/a
Vesting, gifts, unvested awards and holding lines for Tammi Gaskins

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Tammi Gaskins are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Andrew Dreyfus
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Andrew Dreyfus are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Andrew Dreyfus

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Andrew Dreyfus are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Julie McHugh
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Julie McHugh are complete.
Director
n/a−22Kn/an/a
Vesting, gifts, unvested awards and holding lines for Julie McHugh

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Julie McHugh are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Jon Duane
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jon Duane are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Jon Duane

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jon Duane are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Gregory Martini
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Gregory Martini are complete.
Chief Financial Officer
n/a−22Kn/an/a
Vesting, gifts, unvested awards and holding lines for Gregory Martini

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Gregory Martini are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
3,307$16.90Jul 3, 2027$0
1,587$12.95Feb 21, 2028$0

Estimate: options held × ($4.52 − strike price), using the most recent insider trade price on Form 4 (Jul 7, 2026), not a market close.

Jay Shepard
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jay Shepard are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Jay Shepard

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jay Shepard are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Marla Kessler
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Marla Kessler are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Marla Kessler

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Marla Kessler are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Catherine Moukheibir
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Catherine Moukheibir are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Catherine Moukheibir

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Catherine Moukheibir are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Jeffrey Silber
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jeffrey Silber are complete.
SVP, CMO, Head-Res&Drug
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Jeffrey Silber

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jeffrey Silber are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for Ironwood Pharmaceuticals Inc are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$2.0M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $2.0M across 508,881 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

The lighter segment is sales with no plan disclosed in the filing ($1.2M), including tax-related sales outside a plan.

Taxes

$1.2M of sales (59.5%) cite tax obligations in their footnotes. Example: Gregory Martini, Feb 24, 2026

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Ronald Silver
Pfo & Pao
187K$831K89%41%Jan 5, 2026 to Jul 7, 2026
Thomas MCCOURT
Chief Executive Officer, Director
198K$740K0%36%Feb 23, 2026 to Feb 24, 2026
Minardo John
Chief Legal Officer
36K$136K0%7%Feb 23, 2026 to Feb 24, 2026
Tammi Gaskins
Chief Commercial Officer
28K$100K0%5%Nov 17, 2025 to Feb 24, 2026
Gregory Martini
Chief Financial Officer
22K$82K0%4%Feb 23, 2026 to Feb 24, 2026
Julie McHugh
Director
22K$80K100%4%Jun 16, 2026 to Jun 16, 2026
Michael Shetzline
SVP, CMO, Head-Res&Drug
16K$59K0%3%Feb 23, 2026 to Feb 23, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$20K$0$20K$0
Dec 2025$0$0$0$0
Jan 2026$163K$163K$0$0
Feb 2026$1.2M$0$1.2M$0
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$80K$80K$0$0
Jul 2026$578K$578K$0$0
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Board members representing outside shareholders (1)Listed and sourced; not part of the management totals or the answer line

Directors whose reported holdings sit mostly in an investment fund or a corporate shareholder they represent, not in their own name, with beneficial ownership disclaimed except for their own financial interest. Listed and sourced here; not part of the management totals or the answer line. Shares a fund hands to its own investors are distributions, not sales.

Board memberHeld Oct 16, 2025SoldHeld Oct 16, 2026Still held
Alexander Denner
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Alexander Denner are complete.
Director
n/a−6.73Mn/an/a
Vesting, gifts, unvested awards and holding lines for Alexander Denner

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Alexander Denner are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Is this normal? Selling year by year5 earlier years to compare with

In line with the past 5 years. 7 insiders sold; the average is 8 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 16, 2026
Latest 12 months
509K7$2.0M
Oct 16, 2025
1 year earlier
289K8$515K
Oct 16, 2024
2 years earlier
534K8$5.9M
Oct 17, 2023
3 years earlier
469K7$5.3M
Oct 17, 2022
4 years earlier
764K8$8.8M
Oct 17, 2021
5 years earlier
133K9$1.3M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty15 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Ironwood Pharmaceuticals Inc are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology804 filings on record, 28 filed in the 12-month period, and how we read them

All 804 Forms 3, 4 and 5 on record for Ironwood Pharmaceuticals Inc (SEC CIK 1446847), filed from Feb 2, 2010 to Sep 17, 2026; 28 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 16, 2026. Prices are the ones reported in each filing, often weighted averages. 2 filings were left out because Ironwood Pharmaceuticals Inc filed them as an owner of another company's stock.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (32)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Sravan EmanyNov 20, 2024309,572 shares, last reported balance as of Nov 18, 2024
Andrew DavisNov 20, 2024284,685 shares, last reported balance as of Nov 18, 2024
Jason RickardMar 10, 2023376,316 shares, last reported balance as of Mar 8, 2023
Edward OwensJun 4, 2021241,720 shares, last reported balance as of Jun 2, 2021
Lawrence OlanoffJun 4, 202191,395 shares, last reported balance as of Jun 2, 2021
Edward OwensJun 4, 202140,000 shares, last reported balance as of Jun 2, 2021
Gina ConsylmanMar 30, 2021392,616 shares, last reported balance as of Mar 26, 2021
Mark MallonMar 2, 2021470,605 shares, last reported balance as of Feb 26, 2021
Conor KilroyMar 2, 2021122,336 shares, last reported balance as of Feb 26, 2021
Kelly MacDonaldDec 8, 202093,041 shares, last reported balance as of Dec 4, 2020
Halley GilbertFeb 25, 2020265,991 shares, last reported balance as of Feb 21, 2020
Terrance McGuireApr 3, 2019142,747 shares, last reported balance as of Apr 1, 2019
Peter HechtApr 3, 20192,231,916 shares, last reported balance as of Mar 5, 2019
Marsha FanucciApr 3, 2019132,663 shares, last reported balance as of Apr 1, 2019
Douglas WilliamsApr 3, 201987,800 shares, last reported balance as of Apr 1, 2019
Amy SchulmanApr 3, 201938,242 shares, last reported balance as of Apr 1, 2019
William HuyettApr 3, 201927,546 shares, last reported balance as of Apr 1, 2019
Terrance McGuireApr 3, 20191,626 shares, last reported balance as of Apr 1, 2019
Christopher WalshMar 16, 2017374,525 shares, last reported balance as of Mar 15, 2017
Thomas GraneyMar 1, 201742,013 shares, last reported balance as of Feb 27, 2017
Bryan RobertsJun 16, 2015760,601 shares, last reported balance as of Jun 15, 2015
Bryan RobertsJun 16, 20155,700,350 shares, last reported balance as of Jun 6, 2012
George ConradesJun 5, 2015152,221 shares, last reported balance as of Jun 3, 2015
George ConradesJun 5, 2015483,755 shares, last reported balance as of Jun 3, 2015
David EbersmanMar 17, 2015101,233 shares, last reported balance as of Mar 13, 2015
Joseph Cook Jr.Mar 13, 2015370,855 shares, last reported balance as of Mar 12, 2015
Michael HigginsDec 24, 2014329,102 shares, last reported balance as of Dec 23, 2014
David ShawMar 18, 2014473,455 shares, last reported balance as of Mar 14, 2014
FMR LLCApr 2, 20138,523,462 shares, last reported balance as of Mar 28, 2013
VR Management LLCMar 19, 20139,224,472 shares, last reported balance as of Mar 15, 2013
Ridgeback Capital Investments L.P.Feb 9, 20126,842,839 shares, last reported balance as of Feb 6, 2012
Gina MillerFeb 2, 2010770,952 shares, last reported balance as of Feb 2, 2010

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