RVMD CFO Retains Large Stake After Minor Stock Sale for Tax Purposes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Revolution Medicines (RVMD) Chief Financial Officer Jack Anders reported a significant insider transaction on June 16, 2025. The CFO disposed of 2,170 shares at a weighted average price of $39.83 per share, executed through multiple trades ranging from $39.59 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, Anders maintains beneficial ownership of 113,314 shares, which includes:
- 478 shares acquired through the Employee Stock Purchase Plan on May 31, 2025
- 54,213 restricted stock units (RSUs)
This transaction appears to be a routine tax-related sale rather than a discretionary divestment, suggesting no significant change in the executive's long-term position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,170 shares ($86,431)
Net Sell
1 txn
Insider
Anders Jack
Role
Chief Financial Officer
Sold
2,170 shs ($86K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,170 | $39.83 | $86K |
Holdings After Transaction:
Common Stock — 113,314 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. This transaction was executed in multiple trades in prices ranging from $39.5913 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 478 shares acquired under the Issuer's Employee Stock Purchase Plan on May 31, 2025. Includes 54,213 RSUs.
FAQ
What was the purpose of RVMD CFO's stock sale in June 2025?
The stock sale was made pursuant to a Rule 10b5-1 instruction letter adopted on May 31, 2023, specifically to satisfy the CFO's tax withholding obligation upon the vesting of restricted stock units (RSUs) after July 15, 2023.
When did RVMD's CFO establish the 10b5-1 trading plan under which this sale occurred?
The Rule 10b5-1 instruction letter was adopted on May 31, 2023, approximately one year before the reported transaction.