Royalty Pharma (RPRX) EVP Hite sells 130,000 shares in 10b5-1 trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Royalty Pharma plc executive Christopher Hite reported pre-planned open-market sales of 130,000 Class A Ordinary Shares on June 30, 2026 under a Rule 10b5-1 trading plan. The sales occurred at weighted average prices generally between about $56 and $57 per share.
After these transactions, Hite holds 40,000 Class A Ordinary Shares directly. Additional shares are held indirectly through SCH Investment Partners LLC, which reported post-transaction ownership of 461,953 Class A Ordinary Shares. Some of the sales in this filing were executed by that LLC rather than by Hite personally.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 130,000 shares ($7,345,471)
Net Sell
4 txns
Insider
Hite Christopher
Role
EVP & Chairman, Partnering
Sold
130,000 shs ($7.35M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares | 97,446 | $56.5028 | $5.51M |
| Sale | Class A Ordinary Shares | 2,554 | $57.1031 | $146K |
| Sale | Class A Ordinary Shares | 29,400 | $56.4423 | $1.66M |
| Sale | Class A Ordinary Shares | 600 | $57.09 | $34K |
Holdings After Transaction:
Class A Ordinary Shares — 461,953 shares (Indirect, By SCH Investment Partners LLC);
Class A Ordinary Shares — 40,600 shares (Direct, null)
Footnotes (1)
- All reported transactions were effected pursuant to a 10b5-1 plan adopted by the Reporting Person on March 20, 2026. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.07 to $57.05 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.06 to $57.22 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.07 to $56.95 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.03 to $57.11 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Shares sold: 130,000 shares
First sale block: 600 shares at $57.0900
Second sale block: 29,400 shares at $56.4423
+5 more
8 metrics
Shares sold
130,000 shares
Total Class A Ordinary Shares sold on June 30, 2026
First sale block
600 shares at $57.0900
Open-market sale of Class A Ordinary Shares
Second sale block
29,400 shares at $56.4423
Open-market sale of Class A Ordinary Shares
Third sale block
2,554 shares at $57.1031
Indirect sale by SCH Investment Partners LLC
Fourth sale block
97,446 shares at $56.5028
Indirect sale by SCH Investment Partners LLC
Direct holdings after
40,000 shares
Class A Ordinary Shares held directly post-transaction
Indirect holdings after
461,953 shares
Class A Ordinary Shares held via SCH Investment Partners LLC
Net buy/sell direction
net-sell of 130,000 shares
Form 4 transaction summary for June 30, 2026
Key Terms
Rule 10b5-1 plan, weighted average price, Class A Ordinary Shares, open-market sale, +1 more
5 terms
Rule 10b5-1 plan regulatory
"All reported transactions were effected pursuant to a 10b5-1 plan adopted by the Reporting Person on March 20, 2026."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
weighted average price financial
"The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.07 to $57.05 per share."
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.
open-market sale financial
"transaction_action: open-market sale"
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.
indirect financial
"ownership_type: indirect, nature_of_ownership: By SCH Investment Partners LLC"
FAQ
What insider transaction did RPRX executive Christopher Hite report?
Christopher Hite reported open-market sales totaling 130,000 Class A Ordinary Shares of Royalty Pharma plc. The transactions occurred on June 30, 2026 and were disclosed as routine insider activity in a Form 4 filing with detailed share counts and prices.
Was the Christopher Hite RPRX stock sale made under a 10b5-1 plan?
Yes. All reported transactions were effected under a Rule 10b5-1 trading plan adopted on March 20, 2026. Such plans schedule trades in advance, indicating the timing of these sales was pre-arranged rather than based on day-to-day market decisions.
What role does SCH Investment Partners LLC play in the RPRX Form 4 filing?
SCH Investment Partners LLC is identified as holding RPRX shares indirectly for the reporting person. The LLC executed part of the June 30, 2026 open-market sales and reported owning 461,953 Class A Ordinary Shares after the transactions were completed.