Cadrenal Therapeutics insider files to sell 1,700 shares; recent 10b5-1 sales totaled 14,500 shares
Rhea-AI Filing Summary
Cadrenal Therapeutics, Inc. (CVKD) notice reports a proposed sale of 1,700 common shares, with an aggregate market value of $23,511, representing part of 2,046,854 shares outstanding. The sale is scheduled approximately for 10/01/2025 and the broker listed is Morgan Stanley Smith Barney LLC.
The shares to be sold were acquired as Founders Shares on 05/17/2022. Over the past three months the filer completed 5 sales totaling 14,500 shares for aggregate gross proceeds of $203,567.01 under 10b5-1 plans on dates between 08/27/2025 and 09/29/2025. The filer certifies no undisclosed material adverse information.
Positive
- Filer used a broker (Morgan Stanley Smith Barney LLC), indicating organized execution of the planned sale
- Sales occurred under 10b5-1 plans, which provides structured, pre-arranged trading and reduces insider trading concerns
- Filer certified no undisclosed material adverse information as required on the form
Negative
- Insider selling of 14,500 shares in the past three months (14,500 of 2,046,854 outstanding) represents ongoing dilution of insider holdings
- Filing does not disclose the filer’s percentage ownership, limiting assessment of the sale’s significance to insider stake
Insights
TL;DR Transaction volume is modest versus outstanding shares and reflects routine insider liquidity under a 10b5-1 plan.
The proposed sale of 1,700 shares equals 0.083% of the 2,046,854 shares outstanding, indicating limited dilution or market impact. Recent 10b5-1 sales of 14,500 shares generated $203,567.01, showing ongoing structured dispositions rather than opportunistic block liquidation. No financial results or material corporate events are disclosed in this filing, so the filing itself is a routine disclosure of insider selling.
TL;DR Filing documents compliance with Rule 144 and 10b5-1 procedures and includes the required seller certifications.
The form indicates the securities were acquired as founders shares and that the filer affirms absence of undisclosed material information. Use of a named broker (Morgan Stanley Smith Barney LLC) and prior 10b5-1 sales suggests governance controls around insider trading. The filing contains standard representations and no governance red flags are evident from the disclosed items alone.