Oruka Therapeutics GC sells 1,039 shares
Oruka Therapeutics’ General Counsel reported an automatic sell-to-cover tax sale tied to RSU vesting, with 29,995 shares remaining directly held.
Rhea-AI Filing Summary
Oruka Therapeutics, Inc. (ORKA) reported that General Counsel Paul T. Quinlan sold 1,039 shares of common stock on September 15, 2026 at $95.71 per share. According to the company, this automatic, non-discretionary sale was a sell-to-cover transaction to satisfy tax withholding obligations from vesting restricted stock units, leaving him with 29,995 directly held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,039 shares
Net Sell
1 txn
Insider
Quinlan Paul T
Role
General Counsel
Sold
1,039 shs ($99K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 1,039 | $95.71 | $99K |
Holdings After Transaction:
Common Stock — 29,995 shares (Direct)
Footnotes (1)
- F1. The reported sales were effected pursuant to Oruka Therapeutics, Inc.'s automatic, non-discretionary, sell-to-cover procedure to satisfy tax withholding obligations arising in connection with the vesting of restricted stock units.
Key Figures
Shares sold: 1,039 shares
Sale price per share: $95.71 per share
Shares held after transaction: 29,995 shares
3 metrics
Shares sold
1,039 shares
Common stock sold on September 15, 2026 in sell-to-cover transaction
Sale price per share
$95.71 per share
Price for the 1,039 shares sold on September 15, 2026
Shares held after transaction
29,995 shares
Directly held Oruka Therapeutics common shares following the sale
Key Terms
sell-to-cover procedure, tax withholding obligations, restricted stock units
3 terms
sell-to-cover procedure financial
"automatic, non-discretionary, sell-to-cover procedure to satisfy tax"
tax withholding obligations financial
"procedure to satisfy tax withholding obligations arising in connection"
restricted stock units financial
"obligations arising in connection with the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ORKA report for its General Counsel?
Oruka Therapeutics reported that General Counsel Paul T. Quinlan sold 1,039 shares of common stock on September 15, 2026 at $95.71 per share in an automatic sell-to-cover transaction for tax withholding on vested RSUs.
Was the ORKA insider sale a discretionary open-market trade?
No. The filing states the sale was effected under Oruka Therapeutics’ automatic, non-discretionary, sell-to-cover procedure to satisfy tax withholding obligations arising from the vesting of restricted stock units.
Is the ORKA Form 4 transaction reported under a Rule 10b5-1 trading plan?
The document’s Rule 10b5-1 checkbox is not affirmed, but the footnote explains the sale followed Oruka Therapeutics’ automatic, non-discretionary, sell-to-cover procedure for RSU-related tax withholding.
AI-generated analysis. How Rhea-AI works. Not financial advice.