STOK Form 4: Director sold 42,461 shares under 10b5-1 plan
Rhea-AI Filing Summary
Director Edward M. Kaye reported the sale of 42,461 shares of Stoke Therapeutics common stock on 10/03/2025 under a pre-existing Rule 10b5-1 trading plan. The filing shows a weighted-average sale price of $25.0867 (individual trades ranged from $25.00 to $25.30), leaving the reporting person with 49,124 shares beneficially owned after the transactions. The schedule was signed by an attorney-in-fact on 10/07/2025.
Positive
- Transaction executed under a Rule 10b5-1 plan, indicating trades were pre-planned (adopted 12/30/2024).
- Complete pricing disclosure with weighted-average price and range ($25.0867, range $25.00-$25.30), enabling transparency.
Negative
- Insider reduced holdings by 42,461 shares, lowering beneficial ownership to 49,124 shares.
- Concentration change may be perceived negatively by investors who monitor insider ownership trends.
Insights
TL;DR: Director executed a pre-planned sale under a 10b5-1 plan, reducing direct holdings.
The sale of 42,461 shares at a weighted-average price of $25.0867 was executed pursuant to a Rule 10b5-1 trading plan adopted on 12/30/2024, which provides an affirmative defense against insider trading claims when properly structured and reported.
This transaction lowers the director's direct stake to 49,124 shares; the principal governance implication is a modest reduction in insider ownership. Monitor subsequent Section 16 filings for additional plan-based trades or changes in beneficial ownership within the next reporting period.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 42,461 | $25.0867 | $1.07M |
Footnotes (1)
- This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 30, 2024. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.00 to $25.30, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.