Belite Bio (NASDAQ: BLTE) CSO pre-planned sale of 1,000 ADS
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Belite Bio Chief Scientific Officer Nathan L. Mata executed pre-planned open-market sales of 1,000 American depositary shares. On May 4, 2026, he sold ADS in multiple trades between weighted average prices of about $153 and $158, as detailed in the filing.
The sales were carried out under a Rule 10b5-1 trading plan that Mata adopted on December 10, 2025, indicating they were scheduled in advance rather than timed discretionarily. Following these transactions, he directly holds 3,634 ADS of Belite Bio.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,000 shares ($155,636)
Net Sell
5 txns
Insider
MATA NATHAN L.
Role
Chief Scientific Officer
Sold
1,000 shs ($156K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | American depositary share | 32 | $153.495 | $5K |
| Sale | American depositary share | 236 | $154.2375 | $36K |
| Sale | American depositary share | 325 | $155.206 | $50K |
| Sale | American depositary share | 235 | $156.5677 | $37K |
| Sale | American depositary share | 172 | $157.4904 | $27K |
Holdings After Transaction:
American depositary share — 3,634 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 $153.05 to $153.855. 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 $154.06 to $154.925. 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 $155.02 to $155.96. 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 $156 to $156.99. 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 $157.05 to $157.98. 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
ADS sold: 1,000 ADS
Remaining holdings: 3,634 ADS
Sale price example: $157.4904 per ADS
+3 more
6 metrics
ADS sold
1,000 ADS
Open-market sales on May 4, 2026
Remaining holdings
3,634 ADS
Direct ownership after May 4, 2026 sales
Sale price example
$157.4904 per ADS
One reported weighted average sale price
Sale price example
$153.4950 per ADS
Another reported weighted average sale price
Shares involved (summary)
1,000 ADS
Net shares sold per transactionSummary
10b5-1 plan adoption date
December 10, 2025
Date CSO adopted trading plan governing these sales
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 by the reporting person on 12/10/2025."
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 $153.05 to $153.855."
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" and description "Sale in open market or private transaction""
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 insider transaction did Belite Bio (BLTE) report for Nathan L. Mata?
Belite Bio’s Chief Scientific Officer Nathan L. Mata sold 1,000 American depositary shares in open-market transactions. The trades occurred on May 4, 2026 at various prices, and are recorded as non-derivative sales in the company’s Form 4 filing.
At what prices were the Belite Bio (BLTE) ADS sold in this Form 4?
The 1,000 Belite Bio ADS were sold at weighted average prices ranging from about $153.05 to $157.98. Individual trades within those ranges are grouped, and the insider undertakes to provide detailed price breakdowns to regulators or shareholders upon request.
Was the Belite Bio (BLTE) insider sale made under a Rule 10b5-1 plan?
Yes. The Form 4 states the sales were effected under a Rule 10b5-1 trading plan adopted by Nathan L. Mata on December 10, 2025. Such plans pre-schedule trades, reducing the significance of short-term market timing by the insider.
What type of security did Belite Bio (BLTE) insider Nathan L. Mata sell?
He sold American depositary shares, each representing one ordinary share of Belite Bio. ADS are U.S.-traded certificates that mirror underlying foreign shares, allowing investors to access the company’s equity on U.S. markets more easily.