Rapport Therapeutics (RAPP) COO sells 2,014 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rapport Therapeutics, Inc. Chief Operating Officer Cheryl Gault reported an open-market sale of 2,014 shares of common stock at a weighted average price of $28.93 per share. According to the filing, the shares were sold solely to satisfy taxes from the vesting of a previously granted restricted stock unit award and did not represent a discretionary trade. After this transaction, she directly holds 169,914 shares of common stock. The sales occurred in multiple trades at prices ranging from $28.34 to $28.94.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,014 shares ($58,265)
Net Sell
1 txn
Insider
Gault Cheryl
Role
Chief Operating Officer
Sold
2,014 shs ($58K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,014 | $28.93 | $58K |
Holdings After Transaction:
Common Stock — 169,914 shares (Direct)
Footnotes (1)
- Represents shares of common stock sold to satisfy taxes associated with the vesting of a restricted stock unit award previously granted to the Reporting Person. Such sales do not represent a discretionary trade by the Reporting Person. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $28.34 to $28.94. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.
FAQ
What insider transaction did Rapport Therapeutics (RAPP) report for Cheryl Gault?
Rapport Therapeutics reported that COO Cheryl Gault sold 2,014 shares of common stock. The sale was an open-market transaction used to cover taxes from vesting restricted stock units, rather than a discretionary decision to reduce her investment.
What type of security did Cheryl Gault sell in the latest RAPP Form 4?
The transaction involved common stock of Rapport Therapeutics. The Form 4 classifies it as a non-derivative transaction, meaning it related to actual shares rather than options or other derivative securities, and was tied to restricted stock unit vesting.
Was the Rapport Therapeutics (RAPP) insider sale a discretionary trade?
No. The filing explicitly states the sale was to satisfy taxes associated with vesting restricted stock units and that such sales do not represent a discretionary trade by Cheryl Gault, distinguishing it from voluntary buying or selling decisions.