Relay Therapeutics (NASDAQ: RLAY) holder plans sale of up to 6M shares
Rhea-AI Filing Summary
Relay Therapeutics, Inc. (symbol RLAY) received a Rule 144 notice relating to a proposed sale of its common stock by stockholder SVF Pauling (Cayman) Ltd. The notice covers up to 6,000,000 shares of common stock to be sold through Citigroup Global Markets Inc. on NASDAQ, with a stated aggregate market value of $123,420,000.00. Shares of Relay Therapeutics common stock outstanding were 219,141,631 as of the date referenced in the notice; this is a baseline figure, not the amount being offered. The securities to be sold were originally acquired upon the automatic conversion of Series C Convertible Preferred Stock in connection with Relay Therapeutics’ initial public offering, with the shares fully paid for in December 2018. The proposed sale date referenced is August 25, 2026.
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Key Figures
Key Terms
Rule 144 regulatory
automatic conversion financial
Series C Convertible Preferred Stock financial
initial public offering financial
FAQ
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