Cadrenal (CVKD) Form 4: CFO Disposes of 12,400 Shares
Rhea-AI Filing Summary
Matthew K. Szot, Chief Financial Officer of Cadrenal Therapeutics, Inc. (CVKD), reported sales of company common stock on two dates. On 09/24/2025 he sold 1,500 shares at a weighted average price of $13.9953, and on 09/25/2025 he sold 10,900 shares at a weighted average price of $14.0534, for a total of 12,400 shares sold. After these transactions the reporting person beneficially owned 18,933 shares, down from 29,833 shares following the first sale. The Form 4 is signed by the reporting person on 09/26/2025 and includes explanatory notes that the reported sales occurred in multiple transactions within the stated price ranges.
Positive
- Transactions are fully disclosed with dates, weighted-average prices, and post-transaction ownership stated
- Reporting person signed the Form 4 (09/26/2025) and included explanatory notes about price ranges
Negative
- Insider sold a total of 12,400 shares (1,500 on 09/24/2025 and 10,900 on 09/25/2025), reducing direct beneficial ownership to 18,933 shares
- Dispositions occurred over consecutive days, which materially decreased the reporting person's stake in the company
Insights
TL;DR: CFO executed disclosed sales totaling 12,400 shares across two days; holdings declined to 18,933 shares.
The Form 4 shows routine insider disposition rather than acquisitions or option exercises. The transactions are broken into two tranches: 1,500 shares at a weighted average of $13.9953 on 09/24/2025 and 10,900 shares at a weighted average of $14.0534 on 09/25/2025. The filing includes standard explanatory language about multiple sales within price ranges and is signed by the reporting person on 09/26/2025. For investors, the filing documents the precise amounts and prices but contains no additional operational or financial disclosures about the issuer.
TL;DR: Disclosure is specific and signed; the sale materially reduced the insider's direct beneficial stake.
The report provides clear, itemized disclosure of the insider sales and remaining direct ownership: beneficial ownership is reported as 29,833 shares after the 09/24 tranche and 18,933 shares after the 09/25 tranche. The explanatory footnotes detail the price ranges and offer to provide trade-level breakdowns to regulators or the issuer, which is consistent with compliance practices. The filing does not state reasons for the sales or any change in role, and therefore governance implications are limited to the documented reduction in ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,900 | $14.0534 | $153K |
| Sale | Common Stock | 1,500 | $13.9953 | $21K |
Footnotes (1)
- Represents shares of the Issuer's common stock sold by the Reporting Person in multiple transactions at prices ranging from $13.99 through $14.02, inclusive, having a weighted average price as shown in column 4 of $13.9953. The Reporting Person undertakes to provide to the registrant, any security holder of the registrant, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range. Represents shares of the Issuer's common stock sold by the Reporting Person in multiple transactions at prices ranging from $13.99 through $14.52, inclusive, having a weighted average price as shown in column 4 of $14.0534. The Reporting Person undertakes to provide to the registrant, any security holder of the registrant, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.