[144] AGIOS PHARMACEUTICALS, INC. SEC Filing
Rhea-AI Filing Summary
Form 144 filed for Agios Pharmaceuticals (AGIO) reporting proposed sale of common shares by an insider. The notice identifies David T. Scadden as the person for whose account the securities will be sold. The filing shows 200 shares intended for sale through Morgan Stanley Smith Barney LLC on 09/30/2025 with an aggregate market value of $8,000. The shares were acquired by a stock option exercise on 09/30/2025 and paid for in cash. The filing also discloses two prior sales by the reporting person within the past three months: 200 shares on 08/27/2025 for $8,000 and 1,400 shares on 07/10/2025 for $56,000. The notice includes the required representation that the seller does not possess undisclosed material adverse information.
Positive
- Disclosure compliance: The filer has submitted a Form 144 with broker details and transaction dates, meeting Rule 144 reporting requirements.
- Transaction transparency: The filing specifies acquisition method (stock option exercise), payment in cash, and broker information.
Negative
- Insider selling activity: The reporting person sold 1,600 shares in the past three months for gross proceeds of $64,000, which may attract investor attention.
- No 10b5-1 plan date provided: The form does not indicate a trading-plan adoption date, so sales are not documented as pre-planned in this filing.
Insights
TL;DR: An insider reported small, routine sales totaling 1,600 shares over three months; the new planned sale is 200 shares valued at $8,000.
The filing documents routine Rule 144 reporting for insider sales rather than corporate events. The prospective sale of 200 shares (aggregate market value $8,000) was acquired by option exercise and is to be sold through Morgan Stanley on 09/30/2025. Recent historical sales by the same person total 1,600 shares and $64,000 in gross proceeds across July and August 2025, which provides transparency about the insider's recent disposition activity. Given the absolute size of the transactions relative to 58,101,518 shares outstanding, these sales appear small in scale and consistent with individual liquidity events rather than company-level developments.
TL;DR: Filing meets Rule 144 disclosure requirements; no plan adoption date or 10b5-1 plan is indicated.
The notice includes the statutory certification regarding absence of undisclosed material adverse information and lists broker details and transaction mechanics (option exercise paid in cash). The form does not indicate reliance on a written trading plan or provide a plan adoption date, so the sale appears reported as a discretionary or post-exercise sale under Rule 144. From a governance perspective, the document demonstrates compliance with reporting rules but contains no information on an ongoing trading plan that might demonstrate pre-commitment to sales.