[Form 4] Roivant Sciences Ltd. Insider Trading Activity
Rhea-AI Filing Summary
Roivant Sciences Ltd. President & Immunovant CEO Eric Venker reported a set of transactions involving company shares. He exercised stock options to acquire 200,000 Common Shares at $3.85 per share, then sold 200,000 Common Shares in an open-market transaction at a weighted average price of $30.27 per share. Separately, 34,483 Common Shares were surrendered through a net settlement to cover tax withholding obligations on vested RSUs, which is not an open-market sale. After these transactions, Venker directly holds 1,813,063 Common Shares.
Positive
- None.
Negative
- None.
Insights
Executive exercised options, sold matching shares, and covered RSU taxes, while retaining a large stake.
Eric Venker, President & Immunovant CEO at Roivant Sciences Ltd., exercised stock options for 200,000 Common Shares at an exercise price of $3.85 per share. The options were fully vested stock options covering 200,000 shares, according to the footnote.
On the same date, he sold 200,000 Common Shares in an open-market transaction at a weighted average price of $30.27 per share, with individual trades ranging from $30.00 to $30.55. This pattern reflects an exercise-and-sell sequence, converting an option position into cash while maintaining ongoing equity exposure.
Two days earlier, 34,483 Common Shares were withheld via net settlement to satisfy tax obligations upon RSU vesting at a reference price of $32.41 per share, which is a non-market, tax-driven disposition. After all transactions, Venker still directly holds 1,813,063 Common Shares, indicating he retains a substantial equity position. Overall, the activity appears compensation- and liquidity-related rather than a full-scale reduction of ownership.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 200,000 | $0.00 | -- |
| Exercise | Common Shares | 200,000 | $3.85 | $770K |
| Sale | Common Shares | 200,000 | $30.27 | $6.05M |
| Tax Withholding | Common Shares | 34,483 | $32.41 | $1.12M |
Footnotes (1)
- Represents the "net settlement" by the Issuer of RSUs previously granted to the reporting person in order to satisfy applicable tax withholding obligations in connection with the vesting and settlement of such RSUs. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.00 to $30.55, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Shares sold at each separate price within the range. Reflects an award of stock options to purchase Common Shares that is fully vested.