Rapport Therapeutics (RAPP) CEO Abraham Ceesay sells 51,499 shares via 10b5-1 plan
Rhea-AI Filing Summary
Rapport Therapeutics, Inc. Chief Executive Officer Abraham Ceesay reported open-market sales of 51,499 shares of common stock on August 10–11, 2026, in multiple transactions at weighted average prices between about $45.97 and $48.62. The sales were effected pursuant to Rule 10b5-1 trading plans adopted on March 27, 2026. Following these trades, indirect holdings include 81,729 shares held by the Ceesay Family Irrevocable Trust and 20,729 shares held by the Dorothy Ceesay Irrevocable Trust.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 51,499 shares
Net Sell
7 txns
Insider
Ceesay Abraham
Role
Chief Executive Officer
Sold
51,499 shs ($2.43M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F4 | 3,664 | $46.8988 | $172K |
| Sale | Common Stock F1, F5 | 19,500 | $48.0434 | $937K |
| Sale | Common Stock F1, F6 | 5,794 | $48.6229 | $282K |
| Sale | Common Stock F1, F2 | 14,171 | $45.9736 | $651K |
| Sale | Common Stock F1, F3 | 8,370 | $46.7479 | $391K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 486,108 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 (6)
- 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 $45.37 to $46.36, 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.
- F3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $46.38 to $47.01, 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.
- F4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $46.32 to $47.29, 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.
- F5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $47.45 to $48.43, 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.
- F6. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $48.45 to $48.87, 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
Total shares sold: 51,499 shares
Sale block: 14,171 shares at $45.9736 per share
Sale block: 8,370 shares at $46.7479 per share
+5 more
8 metrics
Total shares sold
51,499 shares
Aggregate non-derivative common stock sales on August 10–11, 2026
Sale block
14,171 shares at $45.9736 per share
Common stock sale on August 10, 2026
Sale block
8,370 shares at $46.7479 per share
Common stock sale on August 10, 2026
Sale block
3,664 shares at $46.8988 per share
Common stock sale on August 11, 2026
Sale block
19,500 shares at $48.0434 per share
Common stock sale on August 11, 2026
Sale block
5,794 shares at $48.6229 per share
Common stock sale on August 11, 2026
Ceesay Family Irrevocable Trust holdings
81,729 shares
Indirect ownership entry dated August 10, 2026
Dorothy Ceesay Irrevocable Trust holdings
20,729 shares
Indirect ownership entry dated August 10, 2026
Key Terms
Rule 10b5-1 trading plans, weighted average price, indirect ownership, irrevocable trust
4 terms
Rule 10b5-1 trading plans regulatory
"These transactions were effected by the Reporting Person pursuant to Rule 10b5-1 trading plans"
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", "nature_of_ownership": "By Ceesay Family Irrevocable Trust""
irrevocable trust financial
"nature_of_ownership": "By Dorothy Ceesay Irrevocable Trust""
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Rapport Therapeutics (RAPP) CEO Abraham Ceesay report in this Form 4?
Abraham Ceesay reported open-market sales of 51,499 shares of Rapport Therapeutics common stock on August 10–11, 2026, executed in several transactions at weighted average prices in the mid-$40s per share.
Were the RAPP CEO’s stock sales made under a Rule 10b5-1 trading plan?
Yes. The Form 4 states the transactions were effected pursuant to Rule 10b5-1 trading plans adopted on March 27, 2026, indicating the trades were pre-arranged under that plan framework.
How many individual sale transactions did the RAPP CEO report?
The filing lists five non-derivative sale transactions in common stock, all coded as “S” for open-market or private sales, plus two separate holding entries reflecting indirect trust ownership positions.