CFO of Revolution Medicines (NASDAQ: RVMD) sells 2,753 shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,753 shares ($273,870)
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 (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 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.