CNTA insider files Form 144 for 35,000-share sale totaling $840,000
Rhea-AI Filing Summary
Form 144 filed for Centessa Pharmaceuticals plc (CNTA) shows a proposed sale of 35,000 common shares through UBS Financial Services on NASDAQ, with an aggregate market value of $840,000 and an approximate sale date of 09/24/2025. The shares were acquired and paid for on 09/24/2025 by exercise of stock options from the issuer. The filer reported prior open-market sales in the past three months: 24,792 shares on 09/09/2025 for $495,840 and 25,000 shares on 09/10/2025 for $550,000, totaling 49,792 shares and $1,045,840 in gross proceeds. Outstanding shares are listed as 134,073,436, making the proposed 35,000-share sale about 0.026% of outstanding common stock. The filing includes the standard Rule 144 representation regarding material nonpublic information.
Positive
- Transparent disclosure of planned sale details including broker, sale date, share count, and market value
- Seller attestation that no material nonpublic information is known, consistent with Rule 144 requirements
- Prior sales disclosed showing historical trading activity and aggregate proceeds
Negative
- No information on the identity (beyond address in past-sales lines) or role of the seller within the company in this filing
- Insufficient context to assess whether recent sales are part of a systematic liquidity plan (no 10b5-1 plan date provided)
Insights
TL;DR: Insider exercised options and is selling a modest position; transaction size is immaterial relative to share count.
The filing documents an option exercise and subsequent planned sale of 35,000 common shares valued at $840,000, executed through UBS, with prior recent dispositions totaling 49,792 shares and $1,045,840 gross proceeds. Compared with the reported 134,073,436 shares outstanding, the proposed sale represents approximately 0.026% of outstanding stock, indicating limited dilution or market impact. The notice follows Rule 144 disclosure mechanics and includes the seller's attestation on material nonpublic information.
TL;DR: Filing reflects routine insider liquidity under Rule 144 and standard compliance statements.
The document indicates exercise of stock options and planned open-market sales reported via Form 144. The filing lists the broker, sale dates, and amounts and reiterates the seller's representation about no undisclosed material information. There are no disclosures here of related-party transactions, changes in control, or governance actions. Procedurally, the filing appears to meet Rule 144 reporting requirements for planned dispositions.