Jazz Pharmaceuticals (JAZZ) legal chief sells 1,192 shares under 10b5-1 plan
Rhea-AI Filing Summary
Jazz Pharmaceuticals plc executive Neena M. Patil, EVP & Chief Legal Officer, reported an open-market sale of 1,192 Ordinary Shares at $236.97 per share. After this transaction, she directly holds 52,626 shares.
The sale was executed automatically under a Rule 10b5-1 trading plan adopted on February 26, 2026, indicating it was pre-scheduled rather than a discretionary trade based on short-term market conditions.
Positive
- None.
Negative
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Insider Trade Summary 10b5-1
Net Seller: 1,192 shares
Net Sell
1 txn
Insider
Patil Neena M
Role
EVP & Chief Legal Officer
Sold
1,192 shs ($282K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 1,192 | $236.97 | $282K |
Holdings After Transaction:
Ordinary Shares — 52,626 shares (Direct)
Footnotes (1)
- F1. This transaction was made pursuant to a plan adopted by the reporting person on February 26, 2026 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The transaction occurred automatically and does not represent a discretionary transaction by the reporting person.
Key Figures
Shares sold: 1,192 shares
Sale price: $236.97 per share
Shares held after sale: 52,626 shares
3 metrics
Shares sold
1,192 shares
Open-market sale on May 28, 2026
Sale price
$236.97 per share
Ordinary Shares transaction
Shares held after sale
52,626 shares
Direct ownership following transaction
Key Terms
Rule 10b5-1, open-market sale, Ordinary Shares
3 terms
Rule 10b5-1 regulatory
"plan adopted by the reporting person on February 26, 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Jazz Pharmaceuticals (JAZZ) report for Neena M. Patil?
Jazz Pharmaceuticals reported that EVP & Chief Legal Officer Neena M. Patil sold 1,192 Ordinary Shares in an open-market transaction at $236.97 per share, leaving her with 52,626 shares held directly after the sale was completed.
What is the significance of Rule 10b5-1 in the Jazz Pharmaceuticals (JAZZ) insider sale?
Rule 10b5-1 allows insiders to set pre-arranged trading plans. The filing states Patil’s sale followed a Rule 10b5-1 plan adopted February 26, 2026, indicating the transaction was scheduled in advance rather than timed based on non-public or short-term information.