Pre-planned Jazz (NASDAQ: JAZZ) director sale of 1,157 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jazz Pharmaceuticals plc director Mark Douglas Smith reported an open-market sale of 1,157 ordinary shares at $230.55 per share. After this transaction, he directly holds 9,680 ordinary shares. According to a disclosed Rule 10b5-1 trading plan adopted on March 9, 2026, the sale occurred automatically and was not a discretionary trade.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,157 shares ($266,746)
Net Sell
1 txn
Insider
Smith Mark Douglas
Role
null
Sold
1,157 shs ($267K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 1,157 | $230.55 | $267K |
Holdings After Transaction:
Ordinary Shares — 9,680 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,157 shares
Sale price per share: $230.55 per share
Shares held after sale: 9,680 shares
+1 more
4 metrics
Shares sold
1,157 shares
Ordinary shares sold in open-market transaction
Sale price per share
$230.55 per share
Price for the 1,157 ordinary shares sold
Shares held after sale
9,680 shares
Total direct holdings following the transaction
Net shares sold
1,157 shares
Net sell volume in this Form 4
Key Terms
Rule 10b5-1, open-market sale, Securities Exchange Act of 1934
3 terms
Rule 10b5-1 regulatory
"plan adopted by the reporting person on March 9, 2026 in accordance with Rule 10b5-1"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
open-market sale financial
"transaction_action": "open-market sale""
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.
Securities Exchange Act of 1934 regulatory
"in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended"
FAQ
What insider transaction did Jazz Pharmaceuticals (JAZZ) report for Mark Douglas Smith?
Jazz Pharmaceuticals reported that director Mark Douglas Smith sold 1,157 ordinary shares in an open-market transaction at $230.55 per share. The sale was executed under a pre-established Rule 10b5-1 trading plan and occurred automatically rather than by discretionary choice.
Was the Jazz Pharmaceuticals (JAZZ) insider sale by Mark Douglas Smith discretionary?
The filing states the sale was executed under a Rule 10b5-1 trading plan adopted on March 9, 2026. It notes the transaction occurred automatically and does not represent a discretionary decision by Mark Douglas Smith to sell shares at that particular time.
What does the Rule 10b5-1 plan disclosure mean for this Jazz Pharmaceuticals (JAZZ) trade?
The Rule 10b5-1 disclosure means the trade followed a pre-arranged plan specifying sale conditions in advance. According to the filing, the transaction occurred automatically under this plan, indicating timing was determined by the plan’s terms rather than an ad hoc trading decision.