Rapport CEO Sells 10,916 Shares in 10b5-1 Plan
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.
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
| 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 | -- | -- | -- |
Footnotes (7)
- F1. These transactions were effected by the Reporting Person pursuant to Rule 10b5-1 trading plans adopted on December 12, 2024.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Rapport Therapeutics (RAPP) CEO Abraham Ceesay report?
What role did family trusts play in the Rapport Therapeutics (RAPP) Form 4 transactions?
At what prices were the Rapport Therapeutics (RAPP) insider sales executed?
Does the Rapport Therapeutics (RAPP) Form 4 indicate whether sales were open-market transactions?
AI-generated analysis. How Rhea-AI works. Not financial advice.