Margaret Horn - Dec 15, 2023 Form 4 Insider Report for Revolution Medicines, Inc. (RVMD)

Role
Chief Operating Officer
Signature
/s/ Jack Anders, as Attorney-in-fact for Margaret Horn
Stock symbol
RVMD
Transactions as of
Dec 15, 2023
Transactions value $
-$190,257
Form type
4
Date filed
12/19/2023, 07:30 PM
Previous filing
Dec 8, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RVMD Common Stock Options Exercise $20.5K +5K +4.79% $4.09* 109K Dec 15, 2023 Direct F1, F2
transaction RVMD Common Stock Sale -$133K -5K -4.57% $26.64 104K Dec 15, 2023 Direct F1, F2, F3
transaction RVMD Common Stock Sale -$77.5K -2.99K -2.87% $25.90 101K Dec 18, 2023 Direct F2, F4, F5, F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RVMD Stock Option (Right to Buy) Options Exercise $0 -5K -6.82% $0.00 68.3K Dec 15, 2023 Common Stock 5K $4.09 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 29, 2023.
F2 Includes 59,013 restricted stock units ("RSUs").
F3 This transaction was executed in multiple trades in prices ranging from $26.04 to $26.93, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F4 Transaction made pursuant to a Rule 10b5-1 instruction letter adopted on May 31, 2023 to satisfy the Reporting Person's tax withholding obligation upon the vesting of RSUs after July 15, 2023.
F5 Pursuant to an automatic sell-to-cover imposed by the terms of the RSUs award, the shares were sold following the vesting of the RSUs solely to cover applicable withholding taxes.
F6 This transaction was executed in multiple trades in prices ranging from $25.9016 to $25.9219, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.