The proposed sale is small relative to market cap and is by a fund manager, not an executive. No immediate catalyst; monitor if OrbiMed files additional sales.
Price Chart
Executive Summary
OrbiMed Capital LLC (portfolio manager for The Biotech Growth Trust PLC) filed a Form 144 indicating intent to sell approximately 31,132 shares of ELVN common stock (~$1.43M). This represents a small fraction of the company's $2.7B market cap and is a routine portfolio adjustment by a fund manager. No material impact expected.
Key Facts
- Filer: OrbiMed Capital LLC, portfolio manager for The Biotech Growth Trust PLC.
- Shares to be sold: 31,132 shares of ELVN common stock.
- Approximate sale value: $1,430,826.72.
- Brokers: Jefferies LLC (29,385 shares) and Morgan Stanley & Co. LLC (1,747 shares).
- Filing date: June 22, 2026.
Financial Impact
Sale value of ~$1.43M represents ~0.05% of ELVN's $2.7B market cap.
Risk Factors
- Potential for further selling by OrbiMed if this is part of a larger unwinding.
- Insider selling by any large holder may create short-term overhang, but magnitude is trivial.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0000947871-26-000648 |
| Document: 0000947871-26-000648-index.html | 0000947871-26-000648 |
| Document: 0000947871-26-000648.txt | 0000947871-26-000648 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 4d ago | Insider Cluster | $41.93 | awaiting T+5 | — | $41.49 (−1.05%) |
Oct 19, 2026 7d ago | 144 | $41.25 | awaiting T+5 | — | $41.49 (+0.58%) |
Oct 16, 2026 10d ago | 3 | $38.70 $41.49 | ▲ +7.21% | ▲ +7.35% | $41.49 (+7.21%) |
Oct 14, 2026 12d ago | 8-K | $39.33 $41.93 | ▲ +6.61% | ▲ +7.63% | $41.49 (+5.49%) |
Sep 21, 2026 5w ago | Insider Cluster | $48.19 $46.51 | ▼ −3.49% | ▼ −2.30% | $41.49 (−13.90%) |
Sep 4, 2026 7w ago | 144 | $59.32 $54.43 | ▼ −8.24% | ▼ −7.03% | $41.49 (−30.06%) |
Aug 19, 2026 9w ago | Insider Cluster | $58.97 $60.50 | ▲ +2.59% | ▲ +1.48% | $41.49 (−29.64%) |
Aug 9, 2026 11w ago | Institutional Cluster | $59.42 $59.54 | ▲ +0.19% | ▲ +0.24% | $41.49 (−30.18%) |
Jul 21, 2026 13w ago | Insider Cluster | $52.85 $52.97 | ▲ +0.23% | ▲ +2.63% | $41.49 (−21.49%) |
Jun 22, 2026 17w ago | 144 | $48.60 $50.85 | ▲ +4.63% | ▲ +3.62% | $41.49 (−14.63%) |
US Market Status
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