Rapport Therapeutics (RAPP) CEO sells 18,921 shares in pre-arranged trade
Rhea-AI Filing Summary
Rapport Therapeutics, Inc. (RAPP) reported that Chief Executive Officer and director Abraham Ceesay sold 18,921 shares of common stock on August 25, 2026 in an open-market transaction at a weighted average price of $49.5723 per share, pursuant to Rule 10b5-1 trading plans adopted on March 27, 2026. Following this sale, he directly holds 467,187 shares of common stock, and also has indirect ownership of 81,729 shares through the Ceesay Family Irrevocable Trust and 20,729 shares through the Dorothy Ceesay Irrevocable Trust.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 18,921 shares
Net Sell
3 txns
Insider
Ceesay Abraham
Role
Chief Executive Officer
Sold
18,921 shs ($938K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 18,921 | $49.5723 | $938K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 467,187 shares (Direct);
Common Stock — 81,729 shares (Indirect, By Ceesay Family Irrevocable Trust);
Common Stock — 20,729 shares (Indirect, By Dorothy Ceesay Irrevocable Trust)
Footnotes (2)
- F1. These transactions were effected by the Reporting Person pursuant to Rule 10b5-1 trading plans adopted on March 27, 2026.
- F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $49.03 to $50.03, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price at which the transactions were effected.
Key Figures
Shares sold: 18,921 shares of Common Stock
Weighted average sale price: $49.5723 per share
Sale price range: $49.03 to $50.03 per share
+4 more
7 metrics
Shares sold
18,921 shares of Common Stock
Sale on August 25, 2026 by Abraham Ceesay
Weighted average sale price
$49.5723 per share
Open-market sale on August 25, 2026
Sale price range
$49.03 to $50.03 per share
Multiple transactions included in the reported sale
Direct holdings after transaction
467,187 shares of Common Stock
Direct ownership by Abraham Ceesay following the sale
Indirect holdings – Ceesay Family Irrevocable Trust
81,729 shares of Common Stock
Indirect ownership reported as held by Ceesay Family Irrevocable Trust
Indirect holdings – Dorothy Ceesay Irrevocable Trust
20,729 shares of Common Stock
Indirect ownership reported as held by Dorothy Ceesay Irrevocable Trust
Rule 10b5-1 plan adoption date
March 27, 2026
Date the trading plans governing the reported sale were adopted
Key Terms
Rule 10b5-1 trading plans, weighted average price, indirect ownership, open market or private transaction
4 terms
Rule 10b5-1 trading plans regulatory
"transactions were effected by the Reporting Person pursuant to Rule 10b5-1 trading"
Rule 10b5-1 trading plans are written, pre-arranged instructions that allow company insiders (such as executives or directors) to automatically buy or sell their company's stock at specified times or under set conditions, like a standing instruction or automated thermostat for trades. They matter to investors because these plans provide a legal defense against insider‑trading accusations and create predictable insider trading patterns that can help signal whether sales are routine portfolio management or potentially meaningful to the company’s outlook.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
indirect ownership financial
"ownership_type":"indirect","ownership_code":"I""
open market or private transaction market
"transaction_code_description":"Sale in open market or private transaction""
FAQ
What insider transaction did RAPP report for Abraham Ceesay on this Form 4?
The filing reports that Abraham Ceesay sold 18,921 shares of Rapport Therapeutics common stock on August 25, 2026 in an open-market transaction at a weighted average price of $49.5723 per share.
Was the RAPP insider sale by Abraham Ceesay under a Rule 10b5-1 plan?
Yes. The Form 4 states that the transactions were effected pursuant to Rule 10b5-1 trading plans adopted on March 27, 2026, indicating they were pre-arranged under that plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.