The filing itself is routine and not directly actionable. Monitor for the executed Form 4 to confirm the sale actually occurred — the ~$1.44M amount is small relative to market cap and likely tax-motivated option exercise covering. No bearish read-through for RVMD from this isolated insider filing.
Price Chart
Executive Summary
Director Margaret A. Horn files Form 144 notice of intent to sell 10,000 shares (~$1.44M based on stated value). This is a relatively modest sale relative to the $30.7B market cap, representing ~0.00003% of shares outstanding. The shares are being sold to cover option exercise costs, a routine insider transaction pattern.
Key Facts
- Director Margaret A. Horn filed Form 144 on 2026-06-11
- Proposed sale of 10,000 shares with approximate value of $1,441,900
- Shares to be sold through Morgan Stanley Smith Barney LLC
- Sale is to cover costs of exercising stock options (cash exercise)
- Horn not a named executive officer — holds board director role
Financial Impact
~$1.44M proposed sale value; director ownership stake undisclosed but likely moderate at ~$30.7B market cap
Risk Factors
- Insider may be incrementally reducing exposure ahead of any near-term clinical data readout
- Form 144 is intent-to-sell only; sale may not execute if conditions change
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001950047-26-005947 |
| Document: 0001950047-26-005947-index.html | 0001950047-26-005947 |
| Document: 0001950047-26-005947.txt | 0001950047-26-005947 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | 144 | $195.92 $190.74 | ▼ −2.64% | ▼ −5.21% | $206.68 (+5.49%) |
Sep 15, 2026 16d ago | 144 | $195.92 $190.74 | ▼ −2.64% | ▼ −5.21% | $206.68 (+5.49%) |
Sep 15, 2026 17d ago | Insider Cluster | $204.86 $190.95 | ▼ −6.79% | ▼ −7.61% | $206.68 (+0.89%) |
Sep 14, 2026 17d ago | Insider Cluster | $204.86 $192.86 | ▼ −5.86% | ▼ −7.98% | $206.68 (+0.89%) |
Aug 26, 2026 5w ago | 8-K | $215.44 $209.23 | ▼ −2.88% | ▼ −2.76% | $206.68 (−4.06%) |
Aug 26, 2026 5w ago | Press Release | $215.44 $209.23 | ▼ −2.88% | ▼ −2.76% | $206.68 (−4.06%) |
Aug 25, 2026 5w ago | Insider Cluster | $211.38 $209.87 | ▼ −0.71% | ▼ −0.18% | $206.68 (−2.22%) |
Jul 2, 2026 13w ago | Press Release | $189.24 $191.13 | ▲ +1.00% | ▲ +0.07% | $206.68 (+9.22%) |
Jul 1, 2026 13w ago | Insider Cluster | $187.51 $190.46 | ▲ +1.57% | ▲ +1.31% | $206.68 (+10.23%) |
Jun 22, 2026 14w ago | 8-K | $165.81 $192.62 | ▲ +16.17% | ▲ +16.62% | $206.68 (+24.65%) |
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.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access