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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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,300 | $26.8255 | $223K |
| Sale | Common Stock | 200 | $27.40 | $5K |
Footnotes (1)
- These transactions were effected by the Reporting Person pursuant to a Rule 10b5-1 trading plan 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 $26.33 to $27.30, 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.
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.
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.