Rapport Therapeutics (RAPP) CSO Bredt sells shares under 10b5-1 plan
Rhea-AI Filing Summary
Rapport Therapeutics Chief Scientific Officer David Bredt reported selling common stock in the company. On January 15, 2026, he sold 8,300 shares of common stock at a weighted average price of $26.8255 and an additional 200 shares at $27.40. The weighted average sale was executed in multiple trades at prices ranging from $26.33 to $27.30. After these sales, Bredt beneficially owned 395,575 shares of common stock directly. The filing notes that these transactions were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on December 12, 2024, which is designed to allow insiders to sell shares according to a preset schedule.
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FAQ
What insider activity did Rapport Therapeutics (RAPP) disclose for David Bredt?
Rapport Therapeutics disclosed that Chief Scientific Officer David Bredt sold common stock in the company on January 15, 2026, in two transactions totaling 8,500 shares.
How many Rapport Therapeutics shares did David Bredt sell and at what prices?
David Bredt sold 8,300 shares at a weighted average price of $26.8255 and 200 shares at $27.40, with the larger block executed in multiple trades between $26.33 and $27.30.
How many Rapport Therapeutics shares does David Bredt own after the reported sales?
Following the reported transactions, David Bredt beneficially owned 395,575 shares of Rapport Therapeutics common stock, held directly.
Were David Bredt’s Rapport Therapeutics stock sales under a Rule 10b5-1 plan?
Yes. The filing states that the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on December 12, 2024, which pre-schedules trades.
What does the weighted average price in David Bredt’s stock sale mean?
The filing explains that the $26.8255 figure is a weighted average price, reflecting multiple trades in the $26.33 to $27.30 range for the 8,300-share sale.
What is David Bredt’s role at Rapport Therapeutics?
According to the filing, David Bredt is an officer of Rapport Therapeutics and serves as the company’s Chief Scientific Officer.