RVMD Executive's Stock Sale Tied to RSU Tax Planning, Retains Large Position
Rhea-AI Filing Summary
Revolution Medicines (RVMD) Chief Operating Officer Margaret A. Horn reported insider trading activity on June 16, 2025. The transaction involved the sale of 3,510 shares at a weighted average price of $39.83 per share, executed through multiple trades ranging from $39.60 to $39.83.
The sale was conducted under a pre-established Rule 10b5-1 trading plan from May 31, 2023, specifically to cover tax withholding obligations related to vesting restricted stock units (RSUs). Following the transaction, Horn maintains beneficial ownership of 150,675 shares, which includes:
- 652 shares acquired through the Employee Stock Purchase Plan on May 31, 2025
- 79,776 restricted stock units (RSUs)
This transaction demonstrates a planned liquidation for tax purposes rather than a discretionary sale, executed under a compliant insider trading framework.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,510 | $39.83 | $140K |
Footnotes (4)
- 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. This transaction was executed in multiple trades in prices ranging from $39.6017 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.
- F3. Includes 652 shares acquired under the Issuer's Employee Stock Purchase Plan on May 31, 2025.
- F4. Includes 79,776 RSUs.
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