Revolution Medicines insider files Form 144 to sell 1,842 shares
Rhea-AI Filing Summary
Revolution Medicines (RVMD) filed a Form 144 notice for the proposed sale of 1,842 shares of common stock to be executed through ETRADE with an aggregate market value of $85,745.10. The filing shows the shares were acquired as restricted stock unit grants between 03/01/2022 and 03/01/2025 in five tranches totaling 1,842 shares, with the planned approximate sale date of 09/15/2025 on NASDAQ. The filer also reported two prior sales in the past three months by Jeff Cislini: 1,878 shares on 06/16/2025 for $74,800.74 and 1,912 shares on 06/20/2025 for $75,735.85. The filing lists total shares outstanding as 186,933,190, indicating the position is small relative to the company’s outstanding stock.
Positive
- Clear provenance of the shares is provided: all were acquired as restricted stock unit grants with dates and amounts itemized
- Broker and execution details are specified (ETRADE; NASDAQ), supporting orderly sale mechanics
- Prior sales disclosed for transparency: two transactions in June with amounts and gross proceeds listed
Negative
- Insider selling activity is present with two recent June sales plus the planned September sale, which may concern some investors despite small absolute size
Insights
TL;DR: Small, routine insider sale of RSU-derived shares; not material to cap structure but notable as insider liquidity.
The Form 144 documents a planned disposal of 1,842 shares derived from restricted stock unit grants awarded between 2022 and 2025, executed via a retail broker. At an aggregate value of $85.7k against 186.9 million shares outstanding, this sale is immaterial to the company’s market capitalization and likely reflects individual liquidity rather than a company-level signal. The disclosure of two recent June sales by the same named individual shows ongoing dispositions over the quarter. For investors, the transaction is transparent and consistent with Rule 144 mechanics; it does not provide substantive information about operating performance.
TL;DR: Filing appears procedural and compliant, documenting RSU origins and broker details; standard Rule 144 notice.
The submission includes the necessary elements for a Rule 144 notice: number of shares, broker identity, acquisition dates and nature (RSU grants), and recent sales history. The explicit listing of grant dates and that payment was for services supports the provenance of the shares. The presence of recent sales in June suggests the filer is actively liquidating portions of their holdings; however, the filing content shows disclosure steps being followed and does not indicate any apparent compliance exceptions in the provided fields.