Belite Bio (BLTE) CSO trims stake with 1,000-ADS Rule 10b5-1 sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Belite Bio’s Chief Scientific Officer, Nathan L. Mata, sold 1,000 American depositary shares in open‑market transactions on April 15, 2026. The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 10, 2025, and were priced around $167–$171 per share. Following these trades, Mata directly holds 15,666 American depositary shares of Belite Bio.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,000 shares ($168,298)
Net Sell
5 txns
Insider
MATA NATHAN L.
Role
Chief Scientific Officer
Sold
1,000 shs ($168K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | American depositary share | 383 | $167.5792 | $64K |
| Sale | American depositary share | 537 | $168.6444 | $91K |
| Sale | American depositary share | 68 | $169.1524 | $12K |
| Sale | American depositary share | 8 | $170.765 | $1K |
| Sale | American depositary share | 4 | $171.19 | $684.76 |
Holdings After Transaction:
American depositary share — 16,283 shares (Direct)
Footnotes (1)
- Each American depositary share represents one ordinary share, par value US$0.0001 per share, of the issuer. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 12/10/2025. Represents the weighted average price of shares sold at prices that ranged from $167.01 to $167.92. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. Represents the weighted average price of shares sold at prices that ranged from $168.00 to $168.965. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. Represents the weighted average price of shares sold at prices that ranged from $169.00 to $169.42. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. Represents the weighted average price of shares sold at prices that ranged from $170.66 to $170.87. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
Key Figures
Shares sold: 1,000 American depositary shares
Post-sale holdings: 15,666 American depositary shares
Transaction price: $167.5792 per share
+5 more
8 metrics
Shares sold
1,000 American depositary shares
Open-market sales on April 15, 2026
Post-sale holdings
15,666 American depositary shares
Direct ownership after April 15, 2026 sales
Transaction price
$167.5792 per share
One reported weighted-average sale price
Transaction price
$168.6444 per share
Another reported weighted-average sale price
Price range (trade 1)
$167.01–$167.92 per share
Weighted-average price range from a sale tranche
Price range (trade 2)
$168.00–$168.965 per share
Weighted-average price range from a sale tranche
Price range (trade 3)
$169.00–$169.42 per share
Weighted-average price range from a sale tranche
Price range (trade 4)
$170.66–$170.87 per share
Weighted-average price range from a sale tranche
Key Terms
American depositary share, Rule 10b5-1 trading plan, weighted average price, open-market sale, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"Represents the weighted average price of shares sold at prices that ranged from $167.01 to $167.92"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
non-derivative financial
"transaction_type: non-derivative"
FAQ
What did Belite Bio (BLTE) disclose in this Form 4 filing?
Belite Bio reported that Chief Scientific Officer Nathan L. Mata sold 1,000 American depositary shares on April 15, 2026. These were open-market sales executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 10, 2025.
Were the Belite Bio (BLTE) insider sales part of a Rule 10b5-1 plan?
Yes. The Form 4 footnotes state that the sales were executed under a Rule 10b5-1 trading plan adopted by Nathan L. Mata on December 10, 2025. Such plans automate trades according to preset instructions, reducing the significance of trade timing decisions.
What type of security did the Belite Bio (BLTE) insider trade?
The transactions involved Belite Bio American depositary shares, each representing one ordinary share with a par value of US$0.0001. All reported trades were non-derivative, open-market sales of these American depositary shares on April 15, 2026.