PRPO Form 4: Kathleen LaPorte Disposes of 6,152 Shares
Rhea-AI Filing Summary
Kathleen LaPorte, a director of Precipio, Inc. (PRPO), reported the sale of 6,152 shares of the issuer's common stock on 09/08/2025 at a weighted average price of $20.06 per share. After the reported disposals, she beneficially owned 6,151 shares. The shares were originally granted to Ms. LaPorte on 04/15/2024 as consideration in lieu of cash for board service covering Q1 2023 through Q1 2024; that grant was approved by the board under Rule 16b-3 and is exempt from Section 16(b). The Form 4 is signed by Ms. LaPorte on 09/10/2025. The filing notes the shares were sold in multiple transactions at prices ranging from $20.00 to $20.50.
Positive
- Disclosure appears complete and timely: Form 4 includes transaction date, weighted average price, price range, prior grant date, and signature.
- Grant was board-approved and exempt under Rule 16b-3: the shares were originally issued as compensation with board approval, providing exemption from Section 16(b).
Negative
- Director reduced direct holdings by 6,152 shares: the filing reports a disposal that lowers beneficial ownership to 6,151 shares.
- Insufficient context on materiality: the Form 4 does not state total outstanding shares or percentage ownership, so investor impact cannot be fully assessed from this filing alone.
Insights
TL;DR: Director sale disclosed, grant was board-approved and exempt under Rule 16b-3; filing appears procedurally compliant.
Ms. LaPorte's Form 4 documents a routine disposition of shares that were originally issued as director compensation and explicitly notes board approval under Rule 16b-3, which supports exemption from short-swing profit recovery. The reporting includes the weighted average sale price and the stated price range, and the form is signed and dated. From a governance perspective, the filing provides the necessary disclosures to meet Section 16 reporting obligations, with no additional governance issues identified in the document.
TL;DR: Insider sold 6,152 shares at a weighted $20.06; remaining beneficial ownership is 6,151 shares.
The transaction is clearly described with transaction date 09/08/2025, weighted average price $20.06, and a reported price range of $20.00 to $20.50. The disposition reduces the director's direct holding to 6,151 shares. The origin of the shares is disclosed (grant dated 04/15/2024 as compensation), which clarifies that the shares were not acquired recently in open-market purchases. The filing does not provide additional context about the proportion of ownership relative to total outstanding shares, so material market impact cannot be assessed from this form alone.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,152 | $20.06 | $123K |
Footnotes (1)
- The shares were initially granted to the Reporting Person on April 15, 2024 as consideration in lieu of cash of deferred compensation for service as a member of the issuer's board of directors from the first quarter of 2023 through the first quarter of 2024, as disclosed in the Form 4 filed with the Securities and Exchange Commission (the "SEC") on April 17, 2024. This grant was approved in advance by the issuer's board of directors in accordance with Rule 16b-3 under the Securities Exchange Act of 1934 and is exempt from Section 16(b). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.50, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range.
