Royalty Pharma EVP sells 13,684 shares under plan

Royalty Pharma plc EVP Marshall Urist reported an open-market sale of Class A Ordinary Shares.

Rhea-AI Filing Summary

Royalty Pharma plc EVP Marshall Urist reported an open-market sale of Class A Ordinary Shares. On May 20, 2026, he sold 13,684 shares at a weighted average price of $52.7505 per share in multiple transactions between $52.62 and $52.96.

After the sale, Urist directly owned 18,197 Class A Ordinary Shares and indirectly owned 19,020 shares through an IRA. All reported transactions were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on February 12, 2026, indicating a scheduled disposition rather than an opportunistic trade.

Insider Trade Summary 10b5-1

Net Seller: 13,684 shares

Net Sell 2 txns

Insider Urist Marshall

Role EVP, Research & Investments

Sold 13,684 shs ($722K)

Type	Security	Shares	Price	Value
Sale	Class A Ordinary Shares	13,684	$52.7505	$722K
holding	Class A Ordinary Shares	--	--	--

Holdings After Transaction: Class A Ordinary Shares — 18,197 shares (Direct); Class A Ordinary Shares — 19,020 shares (Indirect, By IRA)

Footnotes (2)

1. F1. All reported transactions were effected pursuant to a 10b5-1 plan adopted by the Reporting Person on February 12, 2026.
2. F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.62 to $52.96 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: 13,684 shares Weighted average sale price: $52.7505 per share Sale price range: $52.62–$52.96 per share +2 more

5 metrics

Shares sold 13,684 shares Open-market sale of Class A Ordinary Shares on May 20, 2026

Weighted average sale price $52.7505 per share Sale of 13,684 Class A Ordinary Shares

Sale price range $52.62–$52.96 per share Multiple transactions comprising the reported sale

Direct holdings after sale 18,197 shares Class A Ordinary Shares directly owned following the transaction

Indirect IRA holdings 19,020 shares Class A Ordinary Shares held indirectly through an IRA

Key Terms

Rule 10b5-1, weighted average price, Class A Ordinary Shares, open-market sale

4 terms

Rule 10b5-1 regulatory

"All reported transactions were effected pursuant to a 10b5-1 plan adopted by the Reporting Person on February 12, 2026."

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

weighted average price financial

"The reported price 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.

Class A Ordinary Shares financial

"security_title: Class A Ordinary Shares"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Royalty Pharma (RPRX) EVP Marshall Urist report in this Form 4?

Marshall Urist reported selling 13,684 Royalty Pharma Class A Ordinary Shares. The open-market transactions occurred at a weighted average price of $52.7505 per share, with prices ranging from $52.62 to $52.96, and were executed under a pre-arranged Rule 10b5-1 trading plan.

How many Royalty Pharma (RPRX) shares did Marshall Urist sell and at what price?

Marshall Urist sold 13,684 Class A Ordinary Shares of Royalty Pharma. The reported weighted average sale price was $52.7505 per share, with individual trades executed between $52.62 and $52.96 per share, according to the Form 4 disclosure footnote.

How many Royalty Pharma (RPRX) shares does Marshall Urist hold after the Form 4 transactions?

After the reported sale, Marshall Urist directly holds 18,197 Royalty Pharma Class A Ordinary Shares. He also indirectly owns 19,020 additional shares through an IRA, giving him both direct and indirect exposure to the company’s equity following the transaction.

Was the Royalty Pharma (RPRX) insider sale by Marshall Urist under a Rule 10b5-1 plan?

Yes. The Form 4 states all reported transactions were effected under a Rule 10b5-1 trading plan adopted on February 12, 2026. Such plans schedule trades in advance, indicating the sale timing was pre-arranged rather than a spontaneous market-timing decision.

What type of security did Marshall Urist trade in Royalty Pharma (RPRX)?

Marshall Urist traded Royalty Pharma Class A Ordinary Shares. The Form 4 shows an open-market sale of 13,684 non-derivative Class A Ordinary Shares, along with a separate entry reporting 19,020 Class A Ordinary Shares held indirectly through an IRA account.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/21/2026 - 09:20 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Urist Marshall

(Last) (First) (Middle)

C/O ROYALTY PHARMA PLC

110 EAST 59TH STREET

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Royalty Pharma plc [ RPRX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Research & Investments

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Ordinary Shares	05/20/2026		S(1)		13,684	D	$52.7505(2)	18,197	D
Class A Ordinary Shares								19,020	I	By IRA

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. All reported transactions were effected pursuant to a 10b5-1 plan adopted by the Reporting Person on February 12, 2026.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.62 to $52.96 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.

Remarks:

In addition to the Class A Ordinary Shares disclosed above, the Reporting Person and family vehicles controlled by the Reporting Person hold limited partnership interests in RPI US Partners 2019, LP exchangeable into 2,474,120 Class A Ordinary Shares and Class E Ordinary Shares of Royalty Pharma Holdings Ltd ("RPH") exchangeable into 1,356,528 Class A Ordinary Shares. Class E Ordinary Shares of RPH are subject to vesting conditions.

	/s/ Sean Weisberg, as Attorney-in-Fact, for Marshall Urist	05/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)