Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | RVTY | Common Stock | Sale | -$87.8K | -835 | -2% | $105.13 | 40.9K | Feb 23, 2024 | Direct | F1 |
holding | RVTY | Common Stock | 63.7K | Feb 23, 2024 | By Goldberg Irrevocable 2021 Trust | F2 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Id | Content |
---|---|
F1 | Reporting Person previously filed a Form 4 on February 7, 2024 that, among other items, reported the cashless exercise of stock options on February 5, 2024. Due to an insufficient number of shares being sold on February 5, 2024 to meet tax withholding requirements associated with the cashless exercise, additional shares have now been sold pursuant to the 10b5-1 trading plan adopted by the Reporting Person on August 3, 2023 to correct for that administrative error. |
F2 | Securities held in an irrevocable trust for the sole benefit of the Reporting Person's children. The Reporting Person's spouse is the trustee of the trust. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest, if any, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. |
Senior Vice President, Administration, General Counsel and Secretary