RNA insiders file Form 144 for 25,000-share sale valued at $1.2M
Rhea-AI Filing Summary
Avidity Biosciences (RNA) filed a Form 144 reporting the proposed sale of 25,000 shares of common stock through Morgan Stanley Smith Barney LLC on NASDAQ with an aggregate market value of $1,195,500. The filing shows the shares were acquired and paid for on 08/28/2025 via exercise of stock options from the issuer, and the filer reports no securities sold in the past three months. The notice includes the filer’s representation that they are not aware of undisclosed material adverse information and contains the standard signature and certification language.
Positive
- Filed under Rule 144 with broker details and transaction specifics
- Securities were acquired via exercise of stock options with cash payment on 08/28/2025
- No other securities sold by the filer in the past three months
- Filer includes required certification regarding material nonpublic information
Negative
- None.
Insights
TL;DR: Small, routine insider-option exercise and proposed sale; appears procedural and compliant with Rule 144.
The filing documents an insider exercise of stock options and a contemporaneous proposed sale of 25,000 shares valued at $1,195,500 brokered through Morgan Stanley Smith Barney LLC on NASDAQ. The acquisition and payment date are the same (08/28/2025), indicating the shares stem from option exercise rather than a prior secondary purchase. The filer reports no other sales in the last three months, and the filing includes the required attestations about material nonpublic information. Given the size relative to total outstanding shares (128,653,337), this appears to be a routine compliance notice rather than a material corporate event.
TL;DR: Filing meets disclosure requirements; includes standard representations and broker details, supporting transparency.
The Form 144 supplies the broker name and address, exact share count, aggregate market value, outstanding share count, and acquisition mechanics (exercise of stock options, cash payment). It also includes the filer’s certification regarding undisclosed material adverse information. These elements satisfy typical Rule 144 disclosure expectations and provide investors and regulators with necessary transaction detail for oversight.