SMMT insider acquisition: 53,361 shares; holdings now 3,073,603
Rhea-AI Filing Summary
Summit Therapeutics Inc. (SMMT) reported an insider purchase by its COO and CFO, who is also a director. On 10/21/2025, the reporting person acquired 53,361 shares of common stock at $18.74 per share, coded as an acquisition (A).
Following this transaction, the reporting person beneficially owned 3,073,603 shares, held directly. The shares were acquired in a private placement under a definitive agreement dated October 21, 2025, with the transaction anticipated to close on or about October 23, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 53,361 shares
Net Buy
1 txn
Insider
Soni Manmeet Singh
Role
COO and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 53,361 | $18.74 | $1000K |
Holdings After Transaction:
Common Stock — 3,073,603 shares (Direct)
Footnotes (1)
- F1. Acquired in a private placement transaction pursuant to the terms of a definitive agreement, dated as of October 21, 2025, pursuant to which the Issuer agreed to sell shares of common stock to the Reporting Person and certain other parties at a purchase price of $18.74 per share. The transaction is anticipated to close on or about October 23, 2025.
FAQ
What insider transaction did SMMT disclose on Form 4?
An officer/director acquired 53,361 shares of common stock on 10/21/2025 at $18.74 per share.
What is the reporting person’s role at Summit Therapeutics (SMMT)?
The reporting person is COO and CFO and also serves as a director.
When is the private placement expected to close?
It is anticipated to close on or about October 23, 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.