Roivant Sciences (ROIV) CEO sells 289,774 shares around $29
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Roivant Sciences CEO Matthew Gline reported an open-market sale of 289,774 common shares at a weighted average price of $29.16 per share. According to the filing, the trades occurred across multiple transactions between $28.98 and $29.36. After these sales, he directly owns 16,736,116 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 289,774 shares ($8,449,810)
Net Sell
1 txn
Insider
Gline Matthew
Role
CEO
Sold
289,774 shs ($8.45M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 289,774 | $29.16 | $8.45M |
Holdings After Transaction:
Common Shares — 16,736,116 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 289,774 shares
Weighted average sale price: $29.16 per share
Post-transaction holdings: 16,736,116 shares
+2 more
5 metrics
Shares sold
289,774 shares
Common Shares sold in open-market transaction
Weighted average sale price
$29.16 per share
Average price for reported sales
Post-transaction holdings
16,736,116 shares
Common Shares directly owned after sale
Sale price range low
$28.98 per share
Lowest price in reported sale range
Sale price range high
$29.36 per share
Highest price in reported sale range
Key Terms
open-market sale, weighted average price, Form 4
3 terms
open-market sale financial
"transaction_action is described as an open-market sale of Common Shares"
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.
weighted average price financial
"The price reported in column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Form 4 regulatory
"INSIDER FILING DATA (Form 4) describes the reported insider transaction"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Roivant Sciences (ROIV) disclose for Matthew Gline?
Roivant Sciences CEO Matthew Gline disclosed an open-market sale of 289,774 common shares. The transaction was reported on Form 4 and reflects a routine insider sale while he continues to hold a large direct stake in the company following the trades.
What does a weighted average sale price mean in Matthew Gline’s Roivant (ROIV) Form 4?
A weighted average price means the 289,774 shares were sold in many trades at slightly different prices. The $29.16 figure reflects the combined effect of all those trades, and the filing offers to provide exact breakdowns on request.