Insider Files Rule 144 to Sell 12,500 Enliven Therapeutics Shares
Rhea-AI Filing Summary
Form 144 notice for proposed resale by an affiliate. The filing reports a planned sale of 12,500 common shares through Jefferies LLC (520 Madison Ave, New York) with an aggregate market value of $252,750 and an approximate sale date of 08/18/2025 on Nasdaq. The filing lists total shares outstanding as 59,000,000.
The shares were acquired as founder shares on 09/01/2019 from Enliven Therapeutics and the filer indicates payment was not applicable. The filer has disclosed recent cash sales of the same issuer during the past three months: 7,500 shares on 06/03/2025 for $150,351.60; 12,500 shares on 06/17/2025 for $277,292.48; and 12,500 shares on 07/17/2025 for $281,517.75. The notice includes the required attestation that the seller is not aware of undisclosed material adverse information.
Positive
- Detailed transaction disclosure including broker, quantity, aggregate value, and approximate sale date
- Recent sale history provided for the past three months with dates and gross proceeds
- Acquisition origin stated (founder shares acquired 09/01/2019 from Enliven Therapeutics)
- Attestation included that the seller is not aware of undisclosed material adverse information
Negative
- Insider selling activity continues with planned sale plus three recent cash sales in the last two months
- Form lacks contextual information on remaining beneficial ownership after these sales (not disclosed in this notice)
Insights
TL;DR: Routine insider resale disclosure showing continued planned and recent sales of founder shares.
The filing is a standard Rule 144 notice disclosing a single planned resale of 12,500 common shares via Jefferies with an indicated aggregate market value of $252,750 and an expected sale date of 08/18/2025. It also transparently reports three recent cash sales totaling 32,500 shares occurring in June and July 2025 with documented gross proceeds. For investors and compliance teams, the filing confirms the shares originated as founder shares acquired on 09/01/2019 from the issuer. The disclosure meets Rule 144 reporting expectations by providing broker, quantity, acquisition details, and recent sale history.
TL;DR: Disclosure indicates ongoing insider liquidity but contains no allegations or undisclosed material information.
The notice includes the necessary attestation regarding material nonpublic information and identifies the nature of acquisition as founder shares. Listing prior sales with dates and proceeds improves transparency around insider disposition activity. From a governance perspective, the form documents routine compliance with Rule 144 procedures; it does not, by itself, indicate regulatory or governance concerns beyond ordinary insider selling activity.