HRT FINANCIAL LP 4
Research Summary
AI-generated summary
Shuttle Pharmaceuticals (SHPH) 10% Owner Sells Shares
What Happened
HRT FINANCIAL LP, a reported 10% owner of Shuttle Pharmaceuticals Holdings, Inc. (SHPH), sold a total of 29,111 shares in two open-market transactions: 10,580 shares at $3.33 on 2026-07-07 (reported value $35,231) and 18,531 shares at $3.52 on 2026-07-08 (reported value $65,229). These were sales (S) rather than purchases; sales by large holders can be routine portfolio rebalancing and do not necessarily signal company-specific concerns.
Key Details
- Transaction dates and prices:
- 2026-07-07: 10,580 shares sold @ $3.33 — $35,231 reported
- 2026-07-08: 18,531 shares sold @ $3.52 — $65,229 reported
- Total shares sold: 29,111; total reported proceeds: ~$100,460
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Transaction type: Reported as "Open market or private sale" (S = Sale).
- Filing date: Form 4 filed 2026-07-09. No late-filing flag was provided in the data supplied.
Context
HRT FINANCIAL LP is a 10% owner (an institutional/large shareholder), not an individual executive—such sales often reflect portfolio management rather than insider views on near-term company performance. The filing shows straight sales, not option exercises, gifts, or awards, and there are no footnotes provided here (e.g., 10b5-1 plan or tax withholding) in the supplied data.