Protara (TARA) Chief R&D Officer sells 22,598 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Protara Therapeutics Chief R&D Officer sells shares under trading plan. Jacqueline Zummo completed an open-market sale of 22,598 shares of Protara Therapeutics common stock at a weighted average price of $5.26 per share. After this automatic sale under a Rule 10b5-1 trading plan established on December 31, 2025, she directly holds 95,961 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 22,598 shares ($118,865)
Net Sell
1 txn
Insider
Zummo Jacqueline
Role
Chief R&D Officer
Sold
22,598 shs ($119K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 22,598 | $5.26 | $119K |
Holdings After Transaction:
Common Stock — 95,961 shares (Direct)
Footnotes (1)
- The sale reported on this Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan established by the reporting person on December 31, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.25 to $5.31, inclusive. The reporting person undertakes to provide to TARA, any security holder of TARA, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
Key Figures
Shares sold: 22,598 shares
Weighted average sale price: $5.26 per share
Post-transaction holdings: 95,961 shares
+2 more
5 metrics
Shares sold
22,598 shares
Open-market sale of common stock
Weighted average sale price
$5.26 per share
Price for sold common shares
Post-transaction holdings
95,961 shares
Direct ownership after sale
Sale price range
$5.25–$5.31 per share
Range of prices across trade executions
10b5-1 plan date
December 31, 2025
Date trading plan was established
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale
3 terms
Rule 10b5-1 trading plan regulatory
"occurred automatically pursuant to a Rule 10b5-1 trading plan established by the reporting person on December 31, 2025"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did Protara Therapeutics (TARA) report for Jacqueline Zummo?
Protara Therapeutics reported that Chief R&D Officer Jacqueline Zummo sold 22,598 shares of common stock in an open-market transaction at a weighted average price of $5.26 per share. Following the sale, she directly owns 95,961 Protara shares.
Was the Protara Therapeutics (TARA) insider sale made under a Rule 10b5-1 plan?
Yes. The sale was executed automatically under a Rule 10b5-1 trading plan that Jacqueline Zummo established on December 31, 2025. Such pre-arranged plans allow insiders to sell shares on a set schedule, reducing discretion over transaction timing.