This cluster is routine and non-informative given the small proportion of market cap sold. Monitor for any upcoming earnings or material agreements that might have triggered the sales, but no immediate trading action is warranted. The historical positive drift on RPRX reports (89% win rate at T+20) suggests the stock tends to appreciate following any filing, but this is a weak signal for a sell cluster.
Price Chart
Executive Summary
Two senior executives at Royalty Pharma (EVP/Chairman Hite and EVP/CFO Coyne) sold a combined $6.54M in open-market sales over a 5-day window, with Hite's $6.0M sale representing the bulk. While the dollar amount is modest relative to the $34.3B market cap (~0.02%), the cluster involves the CFO and a senior executive, and the historical calibration shows strong positive drift on RPRX reports (89% win rate at T+20). However, insider sales are generally weak predictors, and the proportionality check shows the cluster is well below the 0.1% threshold for materiality, making this a routine liquidity-driven event.
Key Financial Metrics
Key Facts
- EVP & Chairman Hite sold 100,000 shares for $6.0M on 2026-08-18
- EVP & CFO Coyne sold 9,200 shares for $541K on 2026-08-13
- Total cluster value: $6.54M, representing ~0.02% of $34.3B market cap
- Hite also gifted 16,800 shares ($0 value) on 2026-08-19, which is a non-cash event
- No 10b5-1 plan pattern identified; sales are open-market
Financial Impact
Total insider sales of $6.54M, representing 0.02% of market cap — below the 0.1% materiality threshold
Risk Factors
- Insider sales could accelerate if more executives follow
- No bearish signal from this cluster alone given the small size relative to market cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RPRX-1787198895216 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 4, 2026 27d ago | Press Release | $60.59 $58.47 | ▲ +3.50% | ▲ +2.38% | $57.16 (+5.66%) |
Aug 19, 2026 6w ago | Insider Cluster | $61.73 $61.80 | ▲ +0.11% | ▲ +0.50% | $57.16 (−7.40%) |
Aug 12, 2026 7w ago | 144 | $58.56 $60.58 | ▲ +3.45% | ▲ +5.41% | $57.16 (−2.39%) |
Aug 5, 2026 8w ago | 8-K | $57.75 $59.22 | ▲ +2.55% | ▲ +2.19% | $57.16 (−1.02%) |
Jul 2, 2026 13w ago | Insider Cluster | $57.77 $57.96 | ▲ +0.33% | ▼ −0.60% | $57.16 (−1.06%) |
Jul 2, 2026 13w ago | Insider Cluster | $57.77 $57.96 | ▲ +0.33% | ▼ −0.60% | $57.16 (−1.06%) |
May 28, 2026 18w ago | Insider Cluster | $55.76 $55.87 | ▲ +0.20% | ▲ +2.72% | $57.16 (+2.51%) |
May 28, 2026 18w ago | 8-K | $55.76 $54.97 | ▼ −1.42% | ▼ −1.12% | $57.16 (+2.51%) |
May 22, 2026 19w ago | Insider Cluster | $54.50 $55.18 | ▲ +1.25% | ▼ −0.41% | $57.16 (+4.88%) |
May 15, 2026 19w ago | Insider Cluster | $52.07 $53.86 | ▲ +3.44% | ▲ +1.82% | $57.16 (+9.78%) |
US Market Status
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