Rapport Therapeutics (RAPP) CEO logs multiple insider share sales
Rhea-AI Filing Summary
Rapport Therapeutics, Inc. reported insider share sales by its chief executive officer and director on December 17, 2025, executed under Rule 10b5-1 trading plans adopted on December 12, 2024. The reporting person sold several blocks of common stock, including 2,441 shares at a weighted average price of $28.8378, 2,792 shares at $30.0365, and 600 shares at $31.036, with additional sales through an irrevocable trust at weighted average prices between roughly $28.84 and $31.04 per share, as disclosed in the footnotes.
Following these transactions, the reporting person beneficially owns 567,913 shares of common stock directly, and indirectly holds 30,895 shares through The Dorothy Ceesay Irrevocable Trust and 81,729 shares through The Ceesay Family Irrevocable Trust. The filing states that beneficial ownership of the trust-held shares is disclaimed except to the extent of any pecuniary interest.
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FAQ
What insider activity did Rapport Therapeutics (RAPP) report in this filing?
The filing reports that a director and chief executive officer of Rapport Therapeutics, Inc. sold multiple blocks of the company’s common stock on December 17, 2025, and updates the number of shares the insider beneficially owns directly and through family trusts.
How many Rapport Therapeutics (RAPP) shares did the insider sell on December 17, 2025?
The reporting person sold several blocks of common stock, including 2,441, 2,792, and 600 shares directly, plus 2,147, 2,421, and 515 shares through The Dorothy Ceesay Irrevocable Trust, as listed in the transaction table.
At what prices were the Rapport Therapeutics (RAPP) shares sold by the insider?
The disclosed weighted average prices include $28.8378, $30.0365, and $31.036 per share for direct sales. Trust sales used weighted averages such as $28.8425, $30.0378, and $31.0396, with footnotes stating the underlying trades occurred in ranges from $28.62 to $31.15 per share.
How many Rapport Therapeutics (RAPP) shares does the insider own after these transactions?
After the reported sales, the insider beneficially owns 567,913 shares of Rapport Therapeutics common stock directly. Indirectly, 30,895 shares are held by The Dorothy Ceesay Irrevocable Trust and 81,729 shares are held by The Ceesay Family Irrevocable Trust.
What is the role of trading plans in these Rapport Therapeutics (RAPP) insider sales?
The filing states that the transactions were effected under Rule 10b5-1 trading plans adopted on December 12, 2024. Such plans allow insiders to pre-arrange trading instructions, and the trades are then executed according to those instructions.
Does the insider claim full beneficial ownership of the Rapport Therapeutics shares held in the family trusts?
The filing explains that the shares held by The Dorothy Ceesay Irrevocable Trust and The Ceesay Family Irrevocable Trust are reported, but beneficial ownership is disclaimed for Exchange Act purposes except to the extent of any pecuniary interest.