Insider sales are well below the 0.1% market-cap materiality threshold and are not clustered with any non-routine event. Per the literature, single-filing insider sales of this size carry negligible predictive power. Monitor for a material decline only if accompanied by a fundamental catalyst such as pipeline data readouts or guidance changes.
Price Chart
Executive Summary
CEO Abraham Ceesay and COO Cheryl Gault sold a combined ~$368K worth of RAPP shares in open-market transactions on June 29-30, 2026. The total value represents ~0.02% of the $1.9B market cap and falls well below the 0.1% proportionality threshold, making it a trivial, routine insider sale. No non-cash transactions or unusual clustering patterns are present.
Key Financial Metrics
Key Facts
- CEO Abraham Ceesay sold 7,344 shares at ~$39.77 for ~$292K on June 29, 2026.
- COO Cheryl Gault sold 1,900 shares at ~$40.09 for ~$76K on June 30, 2026.
- Total cluster value of ~$368K is ~0.02% of RAPP's $1.9B market cap.
- No open-market purchases were reported in the cluster window.
Financial Impact
Approximately $368K in insider sales, representing ~0.02% of market cap.
Risk Factors
- Insider sales, though small, could precede or coincide with negative news not yet public.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RAPP-1782977685523 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 2d ago | Insider Cluster | $26.00 | awaiting T+5 | — | $25.93 (−0.27%) |
Oct 22, 2026 4d ago | Insider Cluster | $27.33 | awaiting T+5 | — | $25.93 (−5.12%) |
Oct 21, 2026 4d ago | Insider Buy | $26.53 | awaiting T+5 | — | $25.93 (−2.26%) |
Oct 20, 2026 6d ago | 8-K | $29.37 | awaiting T+5 | — | $25.93 (−11.71%) |
Oct 6, 2026 19d ago | 144 | $30.86 $28.33 | ▲ +8.20% | ▲ +7.22% | $25.93 (+15.98%) |
Oct 1, 2026 24d ago | Insider Cluster | $32.17 $30.65 | ▼ −4.72% | ▼ −5.89% | $25.93 (−19.40%) |
Aug 26, 2026 8w ago | Insider Cluster | $50.83 $47.65 | ▼ −6.26% | ▼ −6.52% | $25.93 (−48.99%) |
Aug 5, 2026 11w ago | 8-K | $42.44 $47.73 | ▲ +12.46% | ▲ +12.11% | $25.93 (−38.90%) |
Jul 1, 2026 16w ago | Insider Cluster | $38.97 $41.75 | ▲ +7.13% | ▲ +5.77% | $25.93 (−33.46%) |
Jun 30, 2026 16w ago | 144 | $39.39 $39.72 | ▲ +0.84% | ▲ +0.58% | $25.93 (−34.17%) |
US Market Status
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