Monitor next quarterly filing for any guidance revision or operational update that could explain the selling. The cluster is notable in dollar terms but plan-driven, so the bearish signal is tempered.
Price Chart
Executive Summary
Two Royalty Pharma executives sold a combined $5.86M in open-market sales over a one-week window. EVP & Chairman Hite Christopher sold $5.62M, and EVP Marshall Urist sold $239K. The sales are material relative to market cap (~0.5%), but both are plan-driven (10b5-1) and represent a small fraction of each insider's holdings, reducing the informational signal.
Key Financial Metrics
Key Facts
- Two insiders sold $5.86M in open-market sales from Sep 22-28, 2026
- EVP & Chairman Hite Christopher sold 96.1K shares at $58.51 ($5.62M)
- EVP Marshall Urist sold 4.1K shares at $57.88 ($239K)
- Sales represent ~0.5% of RPRX's market cap (~$1.2B estimated)
- No insider purchases were reported in the cluster window
Financial Impact
$5.86M in insider sales, ~0.5% of market cap
Risk Factors
- Insider selling may signal management's view of near-term headwinds
- Plan-driven sales reduce but do not eliminate informational content
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RPRX-1790828952798 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 26d ago | Insider Cluster | $57.63 $56.21 | ▲ +2.46% | ▲ +3.77% | $64.68 (−12.24%) |
Sep 4, 2026 7w ago | Press Release | $60.59 $58.47 | ▲ +3.50% | ▲ +2.38% | $64.68 (−6.76%) |
Aug 19, 2026 9w ago | Insider Cluster | $60.57 $61.92 | ▲ +2.24% | ▲ +1.12% | $64.68 (+6.80%) |
Aug 12, 2026 10w ago | 144 | $58.56 $60.58 | ▲ +3.45% | ▲ +5.41% | $64.68 (+10.46%) |
Aug 5, 2026 11w ago | 8-K | $57.75 $59.22 | ▲ +2.55% | ▲ +2.19% | $64.68 (+12.01%) |
Jul 2, 2026 16w ago | Insider Cluster | $57.77 $57.96 | ▲ +0.33% | ▼ −0.60% | $64.68 (+11.97%) |
Jul 2, 2026 16w ago | Insider Cluster | $57.77 $57.96 | ▲ +0.33% | ▼ −0.60% | $64.68 (+11.97%) |
May 28, 2026 21w ago | Insider Cluster | $55.76 $55.87 | ▲ +0.20% | ▲ +2.72% | $64.68 (+16.01%) |
May 28, 2026 21w ago | 8-K | $55.76 $54.97 | ▼ −1.42% | ▼ −1.12% | $64.68 (+16.01%) |
May 21, 2026 22w ago | Insider Cluster | $54.50 $55.18 | ▲ +1.25% | ▼ −0.41% | $64.68 (+18.69%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers