Cytokinetics (CYTK) CEO Robert Blum sells 7,500 shares in open market trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cytokinetics Inc President & CEO Robert I. Blum reported an open-market sale of 7,500 shares of common stock at $70.46 per share. After this transaction, he directly holds 385,330 shares. In addition, 2,083 shares are held indirectly by The Bridget Blum 2003 Irrevocable Trust and 2,083 shares are held indirectly by The Brittany Blum 2003 Irrevocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 7,500 shares ($528,450)
Net Sell
3 txns
Insider
Blum Robert I
Role
President & CEO
Sold
7,500 shs ($528K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,500 | $70.46 | $528K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 385,330 shares (Direct, null);
Common Stock — 2,083 shares (Indirect, by Trust 1)
Footnotes (1)
- Shares held by The Bridget Blum 2003 Irrevocable Trust. Shares held by The Brittany Blum 2003 Irrevocable Trust.
Key Figures
Shares sold: 7,500 shares
Sale price per share: $70.46 per share
Direct holdings after transaction: 385,330 shares
+2 more
5 metrics
Shares sold
7,500 shares
Open-market sale of common stock
Sale price per share
$70.46 per share
Price for 7,500-share sale
Direct holdings after transaction
385,330 shares
Common stock held directly after sale
Bridget Blum Trust holdings
2,083 shares
Indirect ownership by The Bridget Blum 2003 Irrevocable Trust
Brittany Blum Trust holdings
2,083 shares
Indirect ownership by The Brittany Blum 2003 Irrevocable Trust
Key Terms
open-market sale, indirect ownership, Irrevocable Trust
3 terms
open-market sale financial
"reported an open-market sale of 7,500 shares of common stock at $70.46 per share"
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.
indirect ownership financial
"2,083 shares are held indirectly by The Bridget Blum 2003 Irrevocable Trust"
Irrevocable Trust financial
"held by The Bridget Blum 2003 Irrevocable Trust and The Brittany Blum 2003 Irrevocable Trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
FAQ
What insider transaction did CYTOKINETICS (CYTK) CEO Robert Blum report?
Robert Blum reported an open-market sale of 7,500 CYTOKINETICS (CYTK) common shares at $70.46 per share. This Form 4 filing records the transaction and updates his reported ownership position with the company’s stock.
What indirect CYTOKINETICS (CYTK) holdings are reported for Robert Blum?
The filing reports 2,083 CYTOKINETICS (CYTK) shares held by The Bridget Blum 2003 Irrevocable Trust and 2,083 shares held by The Brittany Blum 2003 Irrevocable Trust, both reported as indirect ownership interests.
Does the CYTOKINETICS (CYTK) Form 4 show any derivative security activity?
The Form 4 shows no derivative security transactions for CYTOKINETICS (CYTK). The derivative summary is empty, indicating no reported option exercises, conversions, or other derivative-related activities in this filing.