Summit Therapeutics COO buys 53,361 shares at $18.74 (Form 4)
Summit Therapeutics Inc. (SMMT) reported an insider purchase by its COO and CFO, who is also a director.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 53,361 | $18.74 | $1000K |
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
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What insider transaction did SMMT disclose on Form 4?
What is the reporting person’s role at Summit Therapeutics (SMMT)?
When is the private placement expected to close?
AI-generated analysis. How Rhea-AI works. Not financial advice.