RNA Officer Exercises Options at $9.05 and Sells 6,562 Shares
Rhea-AI Filing Summary
Avidity Biosciences insider activity: The Chief Commercial Officer executed simultaneous option exercises and share sales on 10/03/2025. The reporting person exercised a stock option with a $9.05 exercise price to acquire 6,562 shares and immediately sold 6,562 shares under a Rule 10b5-1 trading plan adopted on 09/11/2024. The sales produced a weighted-average price of $45.3781 (sales ranged $44.80–$47.21), and the reporting person’s beneficial ownership after the transactions is 55,000 shares (with 177,188 shares underlying outstanding options).
Positive
- None.
Negative
- None.
Insights
TL;DR: Officer exercised options at $9.05 and sold the same number of shares under a 10b5-1 plan on 10/03/2025.
The transaction shows a common liquidity pattern: exercising options that were vested or vesting and using a pre-established 10b5-1 plan to sell the acquired shares. The exercise price was $9.05 for 6,562 shares and the reported weighted-average sale price was $45.3781
Key dependencies and near-term items to watch include any future scheduled option vesting (the option vests monthly so full vesting completes by the fourth anniversary of the 01/01/2024 vesting commencement) and whether additional plan-based sales are reported; these affect insider liquidity and incremental share supply.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 6,562 | $0.00 | -- |
| Exercise | Common Stock | 6,562 | $9.05 | $59K |
| Sale | Common Stock | 6,562 | $45.3781 | $298K |
Footnotes (1)
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person on September 11, 2024. This represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $44.80 to $47.21. The Reporting Person undertakes to provide the Issuer, any securityholder 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 within the range set forth in this footnote. 1/48th of the total number of shares subject to the option shall vest on each monthly anniversary of January 1, 2024 (the "Vesting Commencement Date"), subject to the Reporting Person's continuous service to the Issuer on each such vesting date, so that the options shall be fully vested on the fourth anniversary of the Vesting Commencement Date.