Revolution Medicines (RVMD) officer sells 4,302 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Revolution Medicines, Inc. officer Stephen Michael Kelsey reported an open-market sale of 4,302 shares of Common Stock at 99.4804 per share. The transaction was made pursuant to a Rule 10b5-1 instruction letter adopted on May 31, 2023 to satisfy tax withholding obligations upon vesting of restricted stock units. After this sale, he directly owns 295,398 shares, which includes 84,250 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 4,302 shares ($427,965)
Net Sell
1 txn
Insider
Kelsey Stephen Michael
Role
See Remarks
Sold
4,302 shs ($428K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,302 | $99.4804 | $428K |
Holdings After Transaction:
Common Stock — 295,398 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. Includes 84,250 RSUs.
FAQ
What insider transaction did Revolution Medicines (RVMD) report for Stephen Michael Kelsey?
Revolution Medicines reported that officer Stephen Michael Kelsey sold 4,302 shares of Common Stock at 99.4804 per share. After the transaction, he directly holds 295,398 shares, which the filing notes includes 84,250 restricted stock units.
Was the RVMD insider sale by Stephen Michael Kelsey under a Rule 10b5-1 plan?
Yes. The sale was executed pursuant to a Rule 10b5-1 instruction letter adopted on May 31, 2023. The filing explains this plan was established to satisfy Kelsey’s tax withholding obligations upon vesting of restricted stock units after July 15, 2023.