Vaxcyte (PCVX) CEO and family trusts sell 24,237 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vaxcyte, Inc. director and CEO Grant Pickering reported open-market sales of 24,237 shares of Common Stock on June 26, 2026. The transactions included sales by trusts for the benefit of his son and daughter, as well as shares held directly. The filing states these trades were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 3, 2026. After the direct sales, he held 468,020 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 24,237 shares ($1,338,270)
Net Sell
9 txns
Insider
PICKERING GRANT
Role
CHIEF EXECUTIVE OFFICER
Sold
24,237 shs ($1.34M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,683 | $54.275 | $363K |
| Sale | Common Stock | 9,137 | $55.265 | $505K |
| Sale | Common Stock | 6,417 | $56.121 | $360K |
| Sale | Common Stock | 312 | $54.345 | $17K |
| Sale | Common Stock | 356 | $55.226 | $20K |
| Sale | Common Stock | 332 | $55.993 | $19K |
| Sale | Common Stock | 207 | $54.222 | $11K |
| Sale | Common Stock | 602 | $55.297 | $33K |
| Sale | Common Stock | 191 | $56.266 | $11K |
Holdings After Transaction:
Common Stock — 468,020 shares (Direct, null);
Common Stock — 134,903 shares (Indirect, By Children's Trust)
Footnotes (1)
- The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted March 3, 2026. The price reported is a weighted-average price. The shares were sold at prices ranging from $53.755 to $54.75. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each separate price. The price reported is a weighted-average price. The shares were sold at prices ranging from $54.755 to $55.73. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each separate price. The price reported is a weighted-average price. The shares were sold at prices ranging from $55.815 to $56.60. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each separate price. The price reported is a weighted-average price. The shares were sold at prices ranging from $53.77 to $54.75. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each separate price. Shares are held directly by a trust for the benefit of the Reporting Person's son. The price reported is a weighted-average price. The shares were sold at prices ranging from $54.80 to $55.51. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each separate price. The price reported is a weighted-average price. The shares were sold at prices ranging from $55.88 to $56.12. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each separate price. The price reported is a weighted-average price. The shares were sold at prices ranging from $53.77 to $54.42. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each separate price. Shares are held directly by a trust for the benefit of the Reporting Person's daughter. The price reported is a weighted-average price. The shares were sold at prices ranging from $54.80 to $55.72. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each separate price. The price reported is a weighted-average price. The shares were sold at prices ranging from $56.00 to $56.54. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each separate price.
Key Figures
Total shares sold: 24,237 shares
Direct holdings after sale: 468,020 shares
Largest reported sale block: 9,137 shares
+3 more
6 metrics
Total shares sold
24,237 shares
Net open-market sales on June 26, 2026
Direct holdings after sale
468,020 shares
Common Stock held directly after June 26, 2026 transactions
Largest reported sale block
9,137 shares
Single open-market sale at $55.265 per share
Highest reported transaction price
$56.266 per share
Weighted-average price for a 191-share sale
Lowest reported transaction price
$54.222 per share
Weighted-average price for a 207-share sale
Net buy/sell direction
Net sell of 24,237 shares
Form 4 transaction summary for June 26, 2026
Key Terms
Rule 10b5-1 trading plan, weighted-average price, open-market sale, Children's Trust, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted March 3, 2026."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted-average price financial
"The price reported is a weighted-average price. The shares were sold at prices ranging from $53.755 to $54.75."
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
open-market sale financial
"transaction_action: open-market sale; transaction_code_description: Sale in open market or private transaction"
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.
Children's Trust financial
"nature_of_ownership: By Children's Trust; Shares are held directly by a trust for the benefit of the Reporting Person's son."
indirect ownership financial
"direct_or_indirect: I; ownership_type: indirect; nature_of_ownership: By Children's Trust"
FAQ
What insider transactions did Vaxcyte (PCVX) report for Grant Pickering?
Vaxcyte reported that CEO and director Grant Pickering was associated with open-market sales of 24,237 shares of Common Stock on June 26, 2026. The sales involved both directly held shares and shares held by trusts for the benefit of his children.
Were Vaxcyte (PCVX) CEO Grant Pickering’s stock sales pre-planned?
Yes. A footnote states the reported sale was effected under a Rule 10b5-1 trading plan adopted on March 3, 2026. Such plans pre-schedule trades, indicating these transactions followed a predetermined program rather than ad hoc market timing decisions.
Did family trusts participate in the Vaxcyte (PCVX) insider transactions?
Yes. The Form 4 notes that some shares were held by a trust for the benefit of Grant Pickering’s son and a trust for the benefit of his daughter. These trusts conducted part of the reported open-market sales, classified as indirect ownership on the filing.