Enliven (ELVN) CEO Sells 6,000 Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
Samuel Kintz, President & CEO and director of Enliven Therapeutics (ELVN), reported two open-market sales under a Rule 10b5-1 plan adopted November 15, 2024. On 09/17/2025 he sold 5,000 shares for a weighted-average price of $19.0946, leaving beneficial ownership of 922,892 shares of record held by The Kintz & Egan Trust Dated March 30, 2019 for which he is trustee. On 09/19/2025 he sold 1,000 shares for a weighted-average price of $20.25, reducing beneficial ownership to 921,892 shares. The Form 4 was executed by power of attorney on 09/19/2025 and discloses the plan-based nature of the trades and willingness to provide per-trade price details upon request.
Positive
- Sales were executed under a Rule 10b5-1 trading plan, adopted November 15, 2024, which provides pre-established, compliant trading procedures.
- Filing discloses weighted-average prices and offers per-trade details upon request, indicating transparency in the reported transactions.
Negative
- Insider disposed of 6,000 shares, reducing reported beneficial ownership from 928,892 to 921,892 (as shown after the second sale).
- Sales involved multiple trade prices, requiring additional per-trade detail to fully reconcile execution timing and quantities.
Insights
TL;DR: Insider sales were executed under a pre-established Rule 10b5-1 plan, demonstrating adherence to structured trading protocols.
The filing shows the companys President & CEO, Samuel Kintz, executed two small open-market dispositions totaling 6,000 shares pursuant to a 10b5-1 trading plan adopted November 15, 2024. Reporting that shares are held in a trust for which he serves as trustee clarifies the beneficial ownership chain. The filings disclosure of weighted-average prices and offer to provide per-trade details is consistent with high transparency standards for insider reporting.
TL;DR: Transactions are routine insider sales under a preset plan and do not by themselves indicate a material change in ownership.
The Form 4 records sales of 5,000 shares at a weighted average of $19.0946 and 1,000 shares at $20.25, leaving reported beneficial holdings of 921,892 shares after the second sale. The use of a Rule 10b5-1 plan and the trustee-held record ownership reduce ambiguity about timing and intent, but the filing does not provide any new operational or financial information about Enliven Therapeutics that would affect valuation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,000 | $20.25 | $20K |
| Sale | Common Stock | 5,000 | $19.0946 | $95K |
Footnotes (1)
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 15, 2024. This transaction was executed in multiple trades at prices ranging from $18.56 to $19.51. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price. The shares are held of record by The Kintz & Egan Trust Dated March 30, 2019 for which the reporting person serves as trustee. This transaction was executed in multiple trades at prices ranging from $20.015 to $20.035. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.