Trust for Rhythm Pharmaceuticals (RYTM) director receives 4,199 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rhythm Pharmaceuticals director Edward T. Mathers reported an internal restructuring of his related holdings. NEA Partners 13, L.P. made a pro rata, no‑consideration distribution of Rhythm common stock to its limited partners, and the Edward Timothy Mathers Revocable Trust received 4,199 shares.
Mathers is trustee of this trust, which now indirectly holds 14,168 shares of Rhythm common stock, while he also directly holds 7,000 shares
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Mathers Edward T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 4,199 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 14,168 shares (Indirect, See Note 2);
Common Stock — 7,000 shares (Direct)
Footnotes (1)
- NEA Partners 13, L.P. ("NEA Partners 13") made a pro rata distribution for no consideration of shares of Common Stock of the Issuer to its limited partners on March 12, 2026. The Edward Timothy Mathers Revocable Trust (the "Mathers Trust") received 4,199 shares of Common Stock of the Issuer in the distribution by NEA Partners 13 on March 12, 2026. The Reporting Person is the trustee of the Mathers Trust, which is the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by the Mathers Trust in which the Reporting Person has no pecuniary interest.
FAQ
What insider transaction did Rhythm Pharmaceuticals (RYTM) report for Edward T. Mathers?
Rhythm Pharmaceuticals director Edward T. Mathers reported an internal restructuring transaction. NEA Partners 13, L.P. distributed Rhythm common shares to its limited partners, and the Edward Timothy Mathers Revocable Trust received 4,199 shares in this pro rata distribution for no cash consideration.
What are Edward T. Mathers’ Rhythm Pharmaceuticals (RYTM) holdings after this Form 4?
After the reported transactions, Edward T. Mathers has 7,000 shares of Rhythm Pharmaceuticals common stock held directly. The Mathers Trust, of which he is trustee, holds 14,168 shares indirectly. These positions reflect both his direct stake and the trust’s separate beneficial ownership.
Was the Rhythm Pharmaceuticals (RYTM) Form 4 a market buy or sell?
The Form 4 did not record an open-market buy or sell. It shows an “other” code transaction where NEA Partners 13, L.P. distributed shares pro rata to limited partners, and the Mathers Trust received 4,199 shares as part of this internal, no‑consideration restructuring.
What is the significance of the J code in this Rhythm Pharmaceuticals (RYTM) Form 4?
The J transaction code indicates an “other acquisition or disposition.” Here, it reflects a restructuring where NEA Partners 13, L.P. distributed shares to limited partners, and the Mathers Trust received 4,199 Rhythm shares, rather than a typical market purchase or sale.