RVMD Chief Medical Officer's Planned Stock Sale Shows Continued Large Holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Revolution Medicines (RVMD) Chief Medical Officer Wei Lin reported insider trading activity on June 16, 2025. The transaction involved the sale of 2,173 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 Rule 10b5-1 trading plan established on December 23, 2024, specifically to address tax withholding obligations related to vesting restricted stock units (RSUs). Following the transaction, Lin maintains beneficial ownership of 90,499 shares, which includes:
- 1,021 shares acquired through the Employee Stock Purchase Plan on May 31, 2025
- 64,800 restricted stock units (RSUs)
This transaction represents a planned sale for tax purposes rather than a discretionary trading decision by the insider, as evidenced by the pre-established 10b5-1 plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,173 shares ($86,551)
Net Sell
1 txn
Insider
Wei Lin
Role
Chief Medical Officer
Sold
2,173 shs ($87K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,173 | $39.83 | $87K |
Holdings After Transaction:
Common Stock — 90,499 shares (Direct)
Footnotes (1)
- Transaction made pursuant to a Rule 10b5-1 instruction letter adopted on December 23, 2024 to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units ("RSUs") after March 15, 2025. 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. Includes 1,021 shares acquired under the Issuer's Employee Stock Purchase Plan on May 31, 2025. Includes 64,800 RSUs.
FAQ
What was the purpose of Wei Lin's RVMD stock sale in June 2025?
The sale was made pursuant to a Rule 10b5-1 instruction letter adopted on December 23, 2024, specifically to satisfy Lin's tax withholding obligation upon the vesting of restricted stock units (RSUs) after March 15, 2025.
When did RVMD's CMO Wei Lin establish the 10b5-1 trading plan?
Wei Lin established the Rule 10b5-1 instruction letter on December 23, 2024, which governed this transaction executed on June 16, 2025.