Travere Therapeutics (TVTX) legal chief sells shares in planned trade
Rhea-AI Filing Summary
Travere Therapeutics Chief Legal Officer Elizabeth E. Reed reported planned stock sales under a Rule 10b5-1 trading plan. On February 4, 2026, she sold 2,485 shares of common stock at a weighted average price of $32.07 and 509 shares at a weighted average price of $32.74.
The filing notes that the plan was adopted on June 16, 2025 and that the transactions include shares sold to cover tax obligations from vesting restricted stock units. After these sales, Reed directly owned 105,211 shares of Travere Therapeutics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,994 shares
Net Sell
2 txns
Insider
REED ELIZABETH E
Role
Chief Legal Officer and GC
Sold
2,994 shs ($96K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,485 | $32.07 | $80K |
| Sale | Common Stock | 509 | $32.74 | $17K |
Holdings After Transaction:
Common Stock — 105,211 shares (Direct)
Footnotes (3)
- F1. This sale was made pursuant to a written plan adopted on June 16, 2025, meeting the requirements of Rule 10b5-1(c) of the Securities Exchange Act of 1934, as amended, and includes the sale of shares to cover the tax obligation that occurred upon the vesting of restricted stock units.
- F2. The weighted average sale price for the transaction reported was $32.07, and the range of prices were between $31.63 and $32.61. Upon request by the SEC staff, the Issuer, or any security holder of theIssuer, full information regarding the number of shares sold at each price will be provided.
- F3. The weighted average sale price for the transaction reported was $32.74, and the range of prices were between $32.64 and $32.90. Upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price will be provided.
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FAQ
What insider transaction did Elizabeth E. Reed report for Travere Therapeutics (TVTX)?
Elizabeth E. Reed, Chief Legal Officer of Travere Therapeutics, reported selling company common stock. She sold 2,485 shares at a weighted average price of $32.07 and 509 shares at $32.74, all in transactions dated February 4, 2026 under a pre-arranged trading plan.
Were Elizabeth E. Reed’s Travere Therapeutics stock sales made under a Rule 10b5-1 plan?
Yes. The filing states the sale was made pursuant to a written plan adopted June 16, 2025 that meets Rule 10b5-1(c) requirements. Such plans allow insiders to pre-schedule trades, helping separate personal trading decisions from day-to-day nonpublic corporate information.
Who is the insider in this Travere Therapeutics (TVTX) Form 4 and what is their role?
The insider is Elizabeth E. Reed, who serves as Chief Legal Officer and General Counsel of Travere Therapeutics. She is an officer but not listed as a director or 10% owner, and the reported transactions involve her directly held common stock holdings in the company.