Travere Therapeutics (TVTX) CFO records planned stock sales
Rhea-AI Filing Summary
Travere Therapeutics, Inc. chief financial officer Christopher R. Cline reported two open‑market sales of company common stock on February 4, 2026. He sold 1,635 shares at a weighted average price of $32.14 and 110 shares at $32.90, and continued to hold 111,226 shares directly afterward.
According to the filing, these transactions were executed under a pre‑established Rule 10b5‑1 trading plan adopted on May 28, 2025, and include sales to cover tax obligations arising from the vesting of restricted stock units.
Positive
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Insights
Routine CFO stock sales under a pre-set 10b5-1 plan, with shares remaining substantial.
Travere Therapeutics chief financial officer Christopher R. Cline reported selling 1,635 and 110 common shares on February 4, 2026 at prices around $32 per share. After these transactions, he still directly owned 111,226 shares, indicating an ongoing equity stake.
The filing states the sales were executed under a Rule 10b5-1 plan adopted on May 28, 2025. Such plans allow insiders to prearrange trades, helping separate personal diversification and tax management from day-to-day corporate developments.
The footnote also explains that part of the sale covered tax obligations tied to vesting restricted stock units. This points to standard equity compensation administration rather than a discretionary reduction in ownership. Overall, the activity appears routine and does not on its own signal a change in the company’s outlook.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,635 | $32.14 | $53K |
| Sale | Common Stock | 110 | $32.90 | $4K |
Footnotes (1)
- This sale was made pursuant to a written plan adopted on May 28, 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. The weighted average sale price for the transaction reported was $32.14, and the range of prices were between $31.645 and $32.645. 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 price will be provided.
FAQ
What insider transaction did Travere Therapeutics (TVTX) report for its CFO?
Was the Travere Therapeutics CFO stock sale part of a Rule 10b5-1 trading plan?
Who authorized and signed the Travere Therapeutics Form 4 for the CFO’s stock sale?