Prothena (NASDAQ: PRTA) 10% owner adds 100,000 ordinary shares
Rhea-AI Filing Summary
PROTHENA CORP PUBLIC LTD CO major shareholder William P. Scully reported an open-market purchase of 100,000 ordinary shares of PRTA at a weighted average price of $9.813 per share. After this transaction, he directly held 836,000 ordinary shares.
The filing also lists indirect holdings of 52,000 shares held by his spouse and 80,000 shares held by Manatee Equity Fund LLC. A footnote states that he disclaims beneficial ownership of certain securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Large shareholder makes substantial open-market PRTA share purchase.
Major shareholder William P. Scully, identified as a ten percent owner, executed an open-market purchase of 100,000 Prothena ordinary shares at a weighted average price of $9.813 per share. This is a direct, discretionary buy rather than an option exercise or tax-related event.
Following the trade, his directly held position increased to 836,000 ordinary shares, with additional indirect holdings reported through his spouse and Manatee Equity Fund LLC. A footnote notes he disclaims beneficial ownership of certain securities except for his pecuniary interest, which is a common legal clarification for indirect holdings.
The filing shows a net-buy of 100,000 shares with no reported sales or derivative exercises in this report. There is no reference to a Rule 10b5-1 trading plan in the provided text, so the transaction appears as a straightforward open-market purchase based on the available information.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Ordinary Shares, par value $0.01 per share | 100,000 | $9.813 | $981K |
| holding | Ordinary Shares, par value $0.01 per share | -- | -- | -- |
| holding | Ordinary Shares, par value $0.01 per share | -- | -- | -- |
Footnotes (2)
- F1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.5499 to $9.9750, inclusive. The reporting person undertakes to provide to Prothena Corp Public Ltd Co, any security holder of Prothena Corp Public Ltd Co, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- F2. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Key Figures
Key Terms
open-market purchase financial
beneficial ownership financial
pecuniary interest financial
ten percent owner financial
AI-generated analysis. How Rhea-AI works. Not financial advice.