RPD Insider Files Form 144 for 1,370 RSUs; Prior 10b5-1 Sales Disclosed
Rhea-AI Filing Summary
Rapid7, Inc. (RPD) filed a Form 144 reporting a proposed sale of 1,370 restricted common shares by an insider through Morgan Stanley Smith Barney LLC, with an aggregate market value of $27,564.40 and an approximate sale date of 08/22/2025. The filing shows these shares were acquired as Restricted Stock Units on 08/15/2025 and paid on that date. The notice also lists recent 10b5-1 sales by the same person totaling 5,461 shares on 08/19/2025 for gross proceeds of $116,289.11. The filer affirms no undisclosed material adverse information and references Rule 10b5-1 procedures.
Positive
- Form 144 filed with detailed transaction data, including acquisition dates, payment date, broker information, and aggregate market value
- Includes 10b5-1 sale disclosure for prior transactions, indicating use of an established trading plan or systematic sales
Negative
- None.
Insights
TL;DR: Routine insider sale filing; small share amount disclosed, consistent with post-vesting disposition.
The Form 144 reports a proposed sale of 1,370 shares tied to vested restricted stock units, using a broker-dealer and with a clear sale date. The filing also discloses a recent 10b5-1 execution for 5,461 shares generating $116,289.11. From a market-impact perspective, the quantities and values disclosed are modest and represent standard insider liquidity events rather than company performance signals. Documentation of acquisition dates and payment indicates compliance with Rule 144 disclosure mechanics.
TL;DR: Filing appears procedurally complete and includes 10b5-1 disclosure language; no red flags in provided fields.
The notice includes required issuer and transaction fields: class of securities, broker name and address, number of shares, aggregate market value, acquisition type (RSUs), acquisition and payment dates, and prior 10b5-1 sales. The signer represents no material undisclosed information and references the trading-plan adoption clause. Absent additional internal details or omitted signature metadata, the form meets typical Rule 144 filing expectations.