Ten percent owner of Prothena (NASDAQ: PRTA) acquires 125,000 shares in open-market buy
Rhea-AI Filing Summary
Prothena Corp Public Ltd Co insider William P. Scully, a ten percent owner, bought 125,000 ordinary shares in an open-market purchase at a weighted average price of $8.1698 per share. The trade on June 11, 2026 increased his direct holdings to 1,061,000 ordinary shares.
The filing notes the shares were purchased in multiple transactions at prices ranging from $7.84 to $8.43 per share. It also reports additional indirect holdings of 52,000 shares held by his spouse and 80,000 shares held by Manatee Equity Fund LLC. Scully disclaims beneficial ownership of certain reported securities except to the extent of his pecuniary interest in them.
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Insights
Ten percent owner makes sizable open-market share purchase, signaling increased direct exposure.
William P. Scully, identified as a ten percent owner of Prothena, completed an open-market purchase of 125,000 ordinary shares at a weighted average price of $8.1698 on June 11, 2026. Following the trade, his directly held position rose to 1,061,000 shares.
The transaction is a straightforward open-market buy, a strong-signal insider action compared with grants or tax-related dispositions. The filing also lists 52,000 shares held indirectly by his spouse and 80,000 shares held by Manatee Equity Fund LLC, with a disclaimer of beneficial ownership except for his pecuniary interest.
Because there are no derivatives exercised and no sales, the net effect is an increase in equity exposure. While insider purchases are often viewed as a constructive sign, this single transaction does not, by itself, redefine Prothena’s broader investment thesis and is best interpreted alongside future company disclosures.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Ordinary Shares, par value $0.01 per share | 125,000 | $8.1698 | $1.02M |
| holding | Ordinary Shares, par value $0.01 per share | -- | -- | -- |
| holding | Ordinary Shares, par value $0.01 per share | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.8400 to $8.4300, 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. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.