RXRX Form 4: CEO Gibson Disposes 500K+ Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
Christopher Gibson, who serves as Chief Executive Officer and a director of Recursion Pharmaceuticals (RXRX), reported multiple transactions dated 08/11/2025 on a Form 4. The filing states certain Class B shares automatically converted into Class A shares and that transactions were executed under a Rule 10b5-1 trading plan adopted May 12, 2025. The report discloses the sale of 500,300 Class A shares at $5.28 per share, a gift of 10,000 shares, and additional dispositions of 100,000 and 17,875 shares by entities controlled by Gibson. The filing also lists outstanding stock options with exercise prices and the number of derivative securities beneficially owned following the transactions, and it was signed by an attorney-in-fact on behalf of the reporting person.
Positive
- Transactions executed under a Rule 10b5-1 trading plan adopted May 12, 2025, providing an affirmative-defense framework
- Automatic conversion of Class B Common Stock into Class A Common Stock is disclosed, clarifying change in share class composition
- Detailed disclosure of outstanding stock options (exercise prices and post-transaction beneficial ownership) enhances transparency
Negative
- Insider dispositions totaling at least 628,175 shares on 08/11/2025, including a 500,300-share sale at $5.28, which may be viewed negatively by some investors
- Transfers of shares to affiliated entities and a gift of 10,000 shares reduce the reporting person’s direct Class A holdings
Insights
TL;DR: CEO Christopher Gibson sold sizable blocks of stock under a 10b5-1 plan; transactions are disclosed and include conversions and option holdings.
The Form 4 shows routine but material insider activity: automatic conversion of Class B into Class A shares, several dispositions including a 500,300-share sale at $5.28, and a gift of 10,000 shares. Transactions were executed pursuant to a 10b5-1 plan adopted May 12, 2025, which typically signals pre-arranged sales rather than ad-hoc disposition. The filing also enumerates outstanding stock options with exercise prices and resulting beneficial ownership counts. For investors, the disclosure clarifies insider ownership changes and option exposure without providing additional corporate forecasts.
TL;DR: Disclosure is complete and structured; conversions, entity holdings, and use of an attorney-in-fact are all reported.
The report identifies multiple ownership vehicles (LAHWRAN-3 LLC, LAHWRAN-4 LLC, Gibson Family Trust) and notes the reporting person is a member/manager or trustee of those entities. Automatic Class B-to-Class A conversions are explicitly noted and several sales were executed under a documented 10b5-1 plan. The filing is signed by an attorney-in-fact, consistent with delegated execution. From a governance standpoint, the Form 4 provides the standard elements required to assess insider alignment and potential conflicts, without showing any disclosed exceptions or omissions.