Rigel Pharmaceuticals (RIGL) director sells 2,500 shares in open-market trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RIGEL PHARMACEUTICALS INC director Ali-Jackson Kamil reported an open-market sale of 2,500 shares of Common Stock on May 26, 2026, at an average price of $29.17 per share. Following the sale, the director directly holds 12,625 shares. The transaction was effected under a pre-arranged Rule 10b5-1 trading plan adopted on November 7, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,500 shares ($72,925)
Net Sell
1 txn
Insider
Ali-Jackson Kamil
Role
null
Sold
2,500 shs ($73K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,500 | $29.17 | $73K |
Holdings After Transaction:
Common Stock — 12,625 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 2,500 shares
Sale price: $29.17 per share
Shares owned after sale: 12,625 shares
+1 more
4 metrics
Shares sold
2,500 shares
Open-market sale on May 26, 2026
Sale price
$29.17 per share
Average price for 2,500 shares sold
Shares owned after sale
12,625 shares
Direct holdings following transaction
Net shares sold
2,500 shares
Net-sell direction in transaction summary
Key Terms
Common Stock, open-market sale, Rule 10b5-1 trading plan
3 terms
Common Stock financial
"security_title: "Common Stock" in the non-derivative transaction"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
open-market sale financial
"transaction_action: "open-market sale" describing the transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Rule 10b5-1 trading plan regulatory
"footnote states the sale was effected pursuant to a 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
FAQ
What insider transaction did Ali-Jackson Kamil report at RIGL?
Director Ali-Jackson Kamil reported an open-market sale of Rigel Pharmaceuticals Common Stock. The Form 4 shows one transaction involving 2,500 shares sold on May 26, 2026, reflecting a routine insider disposition disclosed to the market.
Was the RIGL insider sale made under a Rule 10b5-1 trading plan?
Yes. A footnote explains the sale was effected under a Rule 10b5-1 trading plan adopted on November 7, 2025. Such pre-arranged plans schedule trades in advance, which can reduce the significance of transaction timing for interpreting insider sentiment.
Is this RIGL Form 4 transaction a buy or sell activity?
This Form 4 reports a sell transaction. The filing classifies the event as an open-market sale of 2,500 shares of Common Stock, with the transaction direction identified as a sale and no corresponding purchases or option exercises reported.