Revolution Medicines CFO sells 2,753 shares in plan
Revolution Medicines, Inc. Chief Financial Officer Anders Jack reported an open-market sale of 2,753 shares of common stock at an average price of $99.4804 per share.
Rhea-AI Filing Summary
Revolution Medicines, Inc. Chief Financial Officer Anders Jack reported an open-market sale of 2,753 shares of common stock at an average price of $99.4804 per share. The transaction was made pursuant to a pre-established Rule 10b5-1 instruction letter to satisfy tax withholding obligations on vested RSUs. Following the sale, he directly holds 125,512 shares, which include 56,600 restricted stock units.
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Insider Trade Summary 10b5-1
Net Seller: 2,753 shares
Net Sell
1 txn
Insider
Anders Jack
Role
Chief Financial Officer
Sold
2,753 shs ($274K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,753 | $99.4804 | $274K |
Holdings After Transaction:
Common Stock — 125,512 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. Includes 56,600 RSUs.
FAQ
What insider transaction did RVMD’s CFO report in this Form 4?
Revolution Medicines’ CFO Anders Jack reported selling 2,753 shares of common stock in an open-market transaction at an average price of $99.4804 per share. The filing also shows his updated direct holdings after the sale.
Does the RVMD Form 4 mention restricted stock units held by the CFO?
Yes. A footnote explains that the CFO’s holdings include 56,600 restricted stock units. It also notes that the Rule 10b5-1 instruction letter was adopted to satisfy tax withholding obligations arising upon the vesting of these RSUs after July 15, 2023.
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