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sellWeak cluster of 810b5-1 plan

Adrian Rawcliffe sold $630k of WVE

director at Wave Life Sciences Ltd.. 42,000 shares at an average of $15.00, traded Dec 8, 2025, filed Dec 10, 2025.

Warning score
35
Value
$630k
42,000 shares
Holdings after
12,700
-77% from before
From 52-week low
+238%
low $5.48, close $18.52
From 52-week high
0%
high $18.52, as of Dec 8, 2025

Score components

  • Role
    Director
    +15
  • Trade size
    $630k at market
    +20
  • Share of holdings sold
    Sold 77% of holdings
    +20
  • Cluster
    8 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m -31.6%, 3m -30.4%, 6m -72.0%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

WVEOct 9, 2026 · close 3.46
Since filing Dec 10, 2025: -82.9%SPY +14.4% · excess -97.3%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001193125-25-314742, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Dec 8, 2025MOption exercise
Ordinary Shares10b5-1
+42,000$5.97$251k54,700Dec 10, 2025
Dec 8, 2025SOpen-market sale
Ordinary Shares10b5-1
-42,000$15.00$630k12,700Dec 10, 2025
Dec 8, 2025MOption exercise
Share Option (right to buy)derivative10b5-1
-42,000$0.00$00Dec 10, 2025

Related signals

Other insiders at Wave Life Sciences Ltd. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
38Weak
WVEsell 410b5-1
Wave Life Sciences Ltd.
Adrian Rawcliffe
director
$67k
12,700 shares
-100%
15Weak
WVEsell 410b5-1
Wave Life Sciences Ltd.
Ken Takanashi
director
$23k
3,864 shares
-16%
10Weak
WVEsell 410b5-1
Wave Life Sciences Ltd.
Aik Na Tan
director
$2,596
432 shares
-2%
6Weak
WVEsell 410b5-1
Wave Life Sciences Ltd.
Heidi L Wagner
director
$42k
7,000 shares
-13%
49Moderate
WVEbuy
Wave Life Sciences Ltd.
Ra Capital Management, L.p.
director, owner
$55M
8,772,496 shares
+48%
8Weak
WVEsell10b5-1
Wave Life Sciences Ltd.
Chris Francis
See Remarks
$500k
33,194 shares
-42%
51Moderate
WVEsell 4
Wave Life Sciences Ltd.
Paul Bolno
President and CEO
$141k
10,480 shares
-4%
35Weak
WVEsell 4
Wave Life Sciences Ltd.
Chris Francis
See Remarks
$25k
1,883 shares
-3%
44Moderate
WVEsell 4
Wave Life Sciences Ltd.
Kyle Moran
Chief Financial Officer
$48k
3,588 shares
-3%
36Weak
WVEsell 4
Wave Life Sciences Ltd.
Chandra Vargeese
See Remarks
$43k
3,228 shares
-1%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Adrian Rawcliffe sold $630k of WVE | InsiderTell