RVMD General Counsel's Stock Sale Tied to Tax Obligations, Retains 56K Shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Revolution Medicines (RVMD) General Counsel Jeff Cislini reported insider trading activity on June 16, 2025. The transaction involved the sale of 1,878 shares at a weighted average price of $39.83 per share, executed through multiple trades ranging from $39.5915 to $39.8291.
The sale was conducted under a Rule 10b5-1 trading plan established on May 31, 2023, specifically to cover tax withholding obligations related to vesting restricted stock units (RSUs). Following the transaction, Cislini's holdings include:
- Total beneficial ownership of 56,005 shares
- 49,054 RSUs included in total holdings
- 160 shares acquired through Employee Stock Purchase Plan on May 31, 2025
This transaction demonstrates a planned, automated sale for tax purposes rather than a discretionary trading decision by the insider.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,878 shares ($74,801)
Net Sell
1 txn
Insider
Cislini Jeff
Role
General Counsel
Sold
1,878 shs ($75K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,878 | $39.83 | $75K |
Holdings After Transaction:
Common Stock — 56,005 shares (Direct)
Footnotes (1)
- Transaction made pursuant to a Rule 10b5-1 instruction letter adopted on May 31, 2023 to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units ("RSUs") after July 15, 2023. This transaction was executed in multiple trades in prices ranging from $39.5915 to $39.8291, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote. Includes 160 shares acquired under the Issuer's Employee Stock Purchase Plan on May 31, 2025. Includes 49,054 RSUs.
FAQ
What was the purpose of RVMD General Counsel's stock sale in June 2025?
The stock sale was made pursuant to a Rule 10b5-1 instruction letter adopted on May 31, 2023, specifically to satisfy tax withholding obligations upon the vesting of restricted stock units (RSUs) after July 15, 2023.