VRTX officer sells 1,953 shares under 10b5-1 plan
Rhea-AI Filing Summary
Jonathan Biller, EVP and Chief Legal Officer of Vertex Pharmaceuticals (VRTX), reported insider dispositions under a company-approved Rule 10b5-1 trading plan entered on 02/24/2025. On 10/01/2025 he disposed of 1,259 shares at $400, reducing his beneficial ownership to 16,347 shares, and on 10/02/2025 he sold 694 shares at $404.21, leaving 15,653 shares beneficially owned after the second transaction. The filing is signed by an attorney-in-fact on 10/03/2025.
Positive
- Trades executed under a company-approved Rule 10b5-1 plan entered on 02/24/2025
Negative
- Total dispositions of 1,953 shares (1,259 at $400 and 694 at $404.21)
- Beneficial ownership decreased to 15,653 shares following the reported transactions
Insights
Insider sales executed under an approved 10b5-1 plan; total disposition 1,953 shares across two dates.
These sales were executed under a pre-established Rule 10b5-1 plan entered 02/24/2025, which the filing explicitly cites as the transaction authority. That indicates the trades were scheduled under an approved plan rather than opportunistic ad-hoc trades.
The filing shows discrete disposals of 1,259 shares at $400 on 10/01/2025 and 694 shares at $404.21 on 10/02/2025, leaving 15,653 shares after the latter sale. The form is signed by an attorney-in-fact on 10/03/2025.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 694 | $404.21 | $281K |
| Exercise Price or Tax Liability | Common Stock | 1,259 | $400.00 | $504K |
Footnotes (1)
- F1. Transaction made pursuant to Mr. Biller's company approved trading plan under Rule 10b5-1, which was entered into on 02/24/2025.
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