The insider sales are negligible in size and follow a strong earnings report, suggesting no negative read-through. Monitor for any larger insider sales in the coming weeks, but this cluster alone does not warrant action.
Price Chart
Executive Summary
Two insiders at Royalty Pharma sold a combined $888K in open-market sales on May 14, 2026, following the company's Q1 earnings beat and raised guidance reported on May 6. The sales are small relative to the $30.7B market cap (0.003%) and likely reflect routine portfolio diversification after a strong earnings release, not a bearish signal.
Key Financial Metrics
Key Facts
- EVP Urist Marshall sold 13,684 shares at ~$53.06 for $726K on May 14, 2026.
- Director Norden Gregory sold 3,045 shares at $53.00 for $161K on May 14, 2026.
- Total insider sales of $888K represent ~0.003% of RPRX's $30.7B market cap.
- Sales occurred 8 days after RPRX reported Q1 2026 Portfolio Receipts of $925M (+10% YoY) and raised full-year guidance.
- No open-market purchases were reported in the cluster.
Financial Impact
Total insider sales of $888K, immaterial relative to $30.7B market cap.
Risk Factors
- Insider sales could accelerate if the stock continues to appreciate post-earnings.
- No purchases in the cluster provide no bullish signal from insiders.
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-1778877697570 |
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 20w ago | Insider Cluster | $52.07 $53.86 | ▲ +3.44% | ▲ +1.82% | $57.16 (+9.78%) |
US Market Status
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