Centessa (CNTA) Insider Files Form 4: 10b5-1 Sales Reduce Holdings
Rhea-AI Filing Summary
Mario Alberto Accardi, President, Orexin Program at Centessa Pharmaceuticals plc (CNTA), reported two sales of Ordinary Shares on 09/16/2025 executed under a Rule 10b5-1 trading plan adopted February 14, 2025. The Form 4 shows a disposition of 7,430 shares at a weighted-average price of $21.3333, leaving 198,136 shares beneficially owned, and a disposition of 742 shares at a weighted-average price of $22.0213, leaving 197,394 shares beneficially owned. The filing notes Ordinary Shares may be represented by American Depositary Shares on a one-for-one basis and provides price ranges for the multiple transactions comprising each weighted average.
Positive
- Sales executed under a Rule 10b5-1 trading plan, indicating pre-arranged, documented insider transactions
- Full disclosure of weighted-average prices and price ranges with an undertaking to provide per-price details upon request
Negative
- Beneficial ownership decreased—holdings reported as 198,136 shares after the first sale and 197,394 shares after the second sale
- Multiple transactions required weighted-average pricing, indicating sales occurred across a price range rather than a single price point
Insights
TL;DR Insider executed pre-arranged sales, modestly reducing holdings; transactions were priced in the low-$20 range.
The reporting person completed two sales under a Rule 10b5-1 plan, selling 7,430 and 742 Ordinary Shares on 09/16/2025 at weighted-average prices of $21.3333 and $22.0213 respectively. Holdings decreased from prior levels to 198,136 and then 197,394 shares. The disclosure includes price ranges for the component trades. For investors, these are routine insider liquidity transactions documented under a 10b5-1 plan rather than ad hoc market timing.
TL;DR Sales were executed under a documented 10b5-1 plan, reducing beneficial ownership; disclosures include weighted-average prices and price ranges.
The Form 4 clearly states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted February 14, 2025, which helps demonstrate compliance with insider trading rules. The report provides weighted-average prices and commits to furnish per-price sale details upon request. No derivatives or other transactions are reported on this filing.