SEC Filing - Pliant Therapeutics, Inc.

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SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Coulie Bernard

(Last)

(First)

(Middle)

C/O PLIANT THERAPEUTICS, INC.

331 OYSTER POINT BOULEVARD

(Street)

SOUTH SAN FRANCISCO

94080

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
PLIANT THERAPEUTICS, INC. [ PLRX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
	Officer (give title below)	Other (specify below)
President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
04/17/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to Buy)	$2.08	04/17/2026		D⁽¹⁾			146,841	⁽²⁾	01/24/2029⁽³⁾	Common Stock	146,841	$0	0	D
Stock Option (Right to Buy)	$1.33⁽⁴⁾⁽⁵⁾	04/17/2026		A⁽¹⁾		146,841		⁽²⁾	01/24/2029⁽³⁾	Common Stock	146,841	$0	146,841	D
Stock Option (Right to Buy)	$6.22	04/17/2026		D⁽¹⁾			327,262	⁽²⁾	03/31/2030⁽⁶⁾	Common Stock	327,262	$0	0	D
Stock Option (Right to Buy)	$1.33⁽⁴⁾⁽⁵⁾	04/17/2026		A⁽¹⁾		327,262		⁽²⁾	03/31/2030⁽⁶⁾	Common Stock	327,262	$0	327,262	D
Stock Option (Right to Buy)	$26.5	04/17/2026		D⁽¹⁾			250,000	⁽²⁾	01/23/2031⁽⁷⁾	Common Stock	250,000	$0	0	D
Stock Option (Right to Buy)	$1.33⁽⁴⁾⁽⁵⁾	04/17/2026		A⁽¹⁾		250,000		⁽²⁾	01/23/2031⁽⁷⁾	Common Stock	250,000	$0	250,000	D
Stock Option (Right to Buy)	$11.86	04/17/2026		D⁽¹⁾			440,000	⁽²⁾	01/26/2032⁽⁸⁾	Common Stock	440,000	$0	0	D
Stock Option (Right to Buy)	$1.33⁽⁴⁾⁽⁵⁾	04/17/2026		A⁽¹⁾		440,000		⁽²⁾	01/26/2032⁽⁸⁾	Common Stock	440,000	$0	440,000	D
Stock Option (Right to Buy)	$34.65	04/17/2026		D⁽¹⁾			206,300	⁽²⁾	01/25/2033⁽⁹⁾	Common Stock	206,300	$0	0	D
Stock Option (Right to Buy)	$1.33⁽⁴⁾⁽⁵⁾	04/17/2026		A⁽¹⁾		206,300		⁽²⁾	01/25/2033⁽⁹⁾	Common Stock	206,300	$0	206,300	D
Stock Option (Right to Buy)	$17.44	04/17/2026		D⁽¹⁾			256,300	⁽²⁾	01/23/2034	Common Stock	256,300	$0	0	D
Stock Option (Right to Buy)	$1.33⁽⁴⁾⁽⁵⁾	04/17/2026		A⁽¹⁾		256,300		⁽²⁾	01/23/2034	Common Stock	256,300	$0	256,300	D
Stock Option (Right to Buy)	$11.14	04/17/2026		D⁽¹⁾			325,000	⁽²⁾	01/23/2035	Common Stock	325,000	$0	0	D
Stock Option (Right to Buy)	$1.33⁽⁴⁾⁽⁵⁾	04/17/2026		A⁽¹⁾		325,000		⁽²⁾	01/23/2035	Common Stock	325,000	$0	325,000	D

Explanation of Responses:

1. On April 15, 2026, the Issuer's board of directors approved an option repricing (the "Repricing"), effective April 17, 2026 (the "Effective Date"), for all stock options granted on or before March 1, 2025 to the Issuer's current employees, including the Reporting Person. All of the other terms of the options remain unchanged.

2. The stock option award was issued pursuant to the Issuer's 2015 Equity Incentive Plan, as amended (the "2015 Plan"), or the Issuer's 2020 Stock Option and Incentive Plan, as amended (the "2020 Plan"), as applicable, and becomes exercisable in accordance with the vesting schedule specified in the award agreement and as previously reported on the Reporting Person's applicable Form 3 or Form 4, subject to the Reporting Person's continued service to the Issuer as of the applicable vesting dates.

3. The expiration date has been updated from the Form 3 originally filed on June 2, 2020 from January 23, 2029 to the correct expiration date of January 24, 2029.

4. The closing price per share of the Issuer's common stock on the Effective Date. Under the terms of the Repricing, a repriced stock option award will revert to its original exercise price if exercised during the Retention Period. The "Retention Period" commenced on the Effective Date and ends on the earliest of the following: (i) the eighteen-month anniversary of the Effective Date; (ii) the consummation of a Corporate Transaction (as defined by the 2015 Plan) or a Sale Event (as defined by the 2020 Plan); and (iii) the Reporting Person's (a) termination without cause (as defined in the Reporting Person's severance plan) or due to a reduction in force, (b) death or termination due to disability, or (c) resignation from service for good reason (as defined in the Reporting Person's severance plan).

5. The repriced options will also revert to its original exercise price if the Reporting Person (i) is terminated for cause (as defined in the Reporting Person's severance plan) or (ii) resigns prior to the end of the Retention Period, except for good reason (as defined in the Reporting Person's severance plan).

6. The expiration date has been updated from the Form 3 originally filed on June 2, 2020 from March 30, 2030 to the correct expiration date of March 31, 2030.

7. The expiration date has been updated from the Form 4 originally filed on January 26, 2021 from January 22, 2031 to the correct expiration date of January 23, 2031.

8. The expiration date has been updated from the Form 4 originally filed on February 2, 2022 from January 25, 2032 to the correct expiration date of January 26, 2032.

9. The expiration date has been updated from the Form 4 originally filed on January 27, 2023 from January 24, 2033 to the correct expiration date of January 25, 2033.

Remarks:

	/s/ Jennifer Woo, attorney-in-fact	04/17/2026
	** Signature of Reporting Person	Date
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