Rapport (RAPP) CEO and family trusts sell 10,916 shares under 10b5-1 plans
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rapport Therapeutics Chief Executive Officer Abraham Ceesay reported open-market sales of a total of 10,916 shares of common stock on February 18 under pre-arranged Rule 10b5-1 trading plans. He sold 5,833 shares held directly, at weighted average prices of $29.0516 and $29.7983 per share. An additional 5,083 shares were sold by The Dorothy Ceesay Irrevocable Trust, also at weighted average prices around $29 per share, with Ceesay disclaiming beneficial ownership except for any pecuniary interest. After these transactions, he holds 556,247 shares directly, while trusts associated with him hold 20,729 and 81,729 shares, respectively.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,916 shares ($320,373)
Net Sell
5 txns
Insider
Ceesay Abraham
Role
Chief Executive Officer
Sold
10,916 shs ($320K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,552 | $29.0516 | $103K |
| Sale | Common Stock | 2,281 | $29.7983 | $68K |
| Sale | Common Stock | 2,983 | $29.0443 | $87K |
| Sale | Common Stock | 2,100 | $29.7965 | $63K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 558,528 shares (Direct);
Common Stock — 22,829 shares (Indirect, By Dorothy Ceesay Irrevocable Trust)
Footnotes (1)
- These transactions were effected by the Reporting Person pursuant to Rule 10b5-1 trading plans adopted on December 12, 2024. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $28.51 to $29.50, 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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $29.56 to $30.08 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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $28.51 to $29.49, 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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $29.52 to $30.09, 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. Shares held by The Dorothy Ceesay Irrevocable Trust u/d/t dated March 27, 2024. The Reporting Person disclaims beneficial ownership of such shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that he is a beneficial owner of such shares for the purpose of Section 16 of the Exchange Act, or for any other purpose. Shares held by The Ceesay Family Irrevocable Trust u/t/d March 27, 2024. The Reporting Person disclaims beneficial ownership of such shares for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that he is a beneficial owner of such shares for the purpose of Section 16 of the Exchange Act, or for any other purpose.
FAQ
What insider transaction did Rapport Therapeutics (RAPP) CEO Abraham Ceesay report?
CEO Abraham Ceesay reported selling 10,916 shares of Rapport Therapeutics common stock. This included 5,833 shares held directly and 5,083 shares sold by a related irrevocable trust, all executed as open-market sales at weighted average prices around $29 per share.
What role did family trusts play in the Rapport Therapeutics (RAPP) Form 4 transactions?
Part of the reported selling activity occurred in The Dorothy Ceesay Irrevocable Trust, which sold 5,083 shares. Shares are also held by The Ceesay Family Irrevocable Trust. Ceesay disclaims beneficial ownership of these trust-held shares except for any pecuniary interest he may have.
At what prices were the Rapport Therapeutics (RAPP) insider sales executed?
The Form 4 lists weighted average sale prices near $29 per share. Individual trades occurred in ranges from $28.51 to $30.09, reflecting multiple open-market executions, with the insider offering to provide detailed price breakdowns upon request to shareholders or regulators.
Does the Rapport Therapeutics (RAPP) Form 4 indicate whether sales were open-market transactions?
Yes, the transactions are described as open-market sales of common stock. They were executed at various prices within disclosed ranges, and each reported price is a weighted average across multiple individual trades completed on February 18 as part of the 10b5-1 plans.