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Adaptive Biotechnologies (ADPT) ex-officer plans cashless option share sale

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(Neutral)
Form Type
144

Rhea-AI Filing Summary

Adaptive Biotechnologies Corp (ADPT) received a notice that former officer Harlan Robins intends to sell shares of its common stock under Rule 144. The planned sale covers 261,044 shares, with an indicated aggregate market value of $6,411,240.64. Shares outstanding were listed as 159,595,842 as of 08/18/2026; this is a baseline figure, not the amount being sold.

The shares to be sold were originally acquired on 02/07/2019 as stock option compensation, with the planned transaction described as a cashless exercise / same-day sale through Goldman Sachs & Co. LLC. The notice also lists multiple prior common stock sales by Harlan Robins in the preceding three months, including blocks of 250,000 shares on 07/02/2026 and 207,600 shares plus 284,800 shares on 07/21/2026.

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Shares to be sold 261,044 shares Planned Rule 144 sale of Adaptive Biotechnologies common stock
Aggregate market value of planned sale $6,411,240.64 Value associated with 261,044 shares to be sold
Shares outstanding 159,595,842 shares Common stock outstanding as of 08/18/2026
Past sale on 07/02/2026 250,000 shares One of several sales by Harlan Robins listed in the prior three months
Past sale on 07/21/2026 284,800 shares Common stock sale by Harlan Robins during the past three months
Past sale on 06/15/2026 100,000 shares Earlier common stock sale referenced in the three-month history
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
cashless exercise financial
"Compensation -- Cashless exercise / same-day sale"
A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.
same-day sale financial
"Compensation -- Cashless exercise / same-day sale"
stock options financial
"Acquired as compensation -- Stock Options"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

FAQ

What does the Form 144 filing for ADPT disclose about Harlan Robins’ planned sale?

The filing states that former officer Harlan Robins plans to sell 261,044 shares of Adaptive Biotechnologies common stock under Rule 144. The shares were acquired as stock option compensation and will be sold via Goldman Sachs & Co. LLC using a cashless exercise / same-day sale.

How many Adaptive Biotechnologies (ADPT) shares are outstanding in this Form 144 notice?

The notice lists 159,595,842 shares outstanding of Adaptive Biotechnologies common stock as of 08/18/2026. This figure provides context for the company’s equity base and is separate from the 261,044 shares covered by the planned Rule 144 sale.

What were the recent ADPT stock sales by Harlan Robins mentioned in the Form 144?

The filing lists several sales, including 250,000 shares on 07/02/2026, 207,600 shares and 284,800 shares on 07/21/2026, and additional blocks such as 100,000 shares on 06/15/2026. Each entry includes sale dates, share counts, and total dollar amounts.

How was the ADPT stock originally acquired for the shares covered by this Form 144?

The shares covered by the planned sale were acquired on 02/07/2019 as stock option compensation from Adaptive Biotechnologies. The planned disposition is described as a compensation -- cashless exercise / same-day sale, meaning the options are exercised and sold in one transaction.

Who is acting as broker for the planned ADPT share sale under this Form 144?

The notice identifies Goldman Sachs & Co. LLC, located at 200 West Street, New York, NY, as the broker handling the transaction. Goldman Sachs will facilitate the cashless exercise / same-day sale of the 261,044 shares on behalf of Harlan Robins.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature