Belite Bio (BLTE) CSO exits 666 ADS in 10b5-1 stock sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Belite Bio Chief Scientific Officer Nathan L. Mata sold shares of the company in pre-planned trades. On May 7, 2026, he executed four open-market sales totaling 666 American depositary shares at prices ranging from about $152 to $155 per share.
Each American depositary share represents one ordinary share of Belite Bio. The sales were made under a Rule 10b5-1 trading plan adopted on December 10, 2025, indicating they were pre-scheduled. Following these transactions, Mata reported no American depositary shares held directly and no remaining derivative positions in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 666 shares ($102,039)
Net Sell
4 txns
Insider
MATA NATHAN L.
Role
Chief Scientific Officer
Sold
666 shs ($102K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | American depositary share | 226 | $152.4473 | $34K |
| Sale | American depositary share | 428 | $153.5635 | $66K |
| Sale | American depositary share | 3 | $154.61 | $463.83 |
| Sale | American depositary share | 9 | $155.2533 | $1K |
Holdings After Transaction:
American depositary share — 440 shares (Direct, null)
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 $152.35 to $152.68. 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 $153.1 to $153.92. 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 $155.18 to $155.29. 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
Total shares sold: 666 American depositary shares
Largest trade size: 428 American depositary shares
Representative sale price: $153.5635 per share
+4 more
7 metrics
Total shares sold
666 American depositary shares
Aggregate open-market sales on May 7, 2026
Largest trade size
428 American depositary shares
Single transaction at $153.5635 per share
Representative sale price
$153.5635 per share
428-share open-market sale on May 7, 2026
Highest reported sale price
$155.2533 per share
9-share open-market sale on May 7, 2026
Shares remaining after trades
0 American depositary shares
Direct ownership reported following final sale
Number of sale transactions
4 transactions
Open-market sales reported in this Form 4
Net direction
Net sale of 666 shares
transactionSummary netBuySellShares and direction
Key Terms
American depositary share, Rule 10b5-1 trading plan, weighted average price, open-market sale
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted"
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 $152.35 to $152.68"
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.
FAQ
What did Belite Bio (BLTE) insider Nathan L. Mata report in this Form 4?
Nathan L. Mata, Chief Scientific Officer of Belite Bio, reported selling 666 American depositary shares in four open-market transactions on May 7, 2026. The filing shows these trades were executed under a pre-established Rule 10b5-1 trading plan.
Were the Belite Bio (BLTE) insider sales made under a trading plan?
Yes. A footnote explains the sales were executed under a Rule 10b5-1 trading plan adopted by Mata on December 10, 2025. Such plans typically pre-schedule trades, reducing the significance of short-term market timing for these transactions.
What type of security did the Belite Bio (BLTE) insider sell?
Mata sold American depositary shares (ADS), each representing one ordinary share of Belite Bio. ADSs allow investors to hold interests in non-U.S. companies through securities that trade in U.S. markets, simplifying settlement and custody.