RPRX CLUSTER SEC Filing Analysis

Latest settled — T+5d ⚠ clustered

RPRX ▲ +3.44% at T+5d

NEUTRAL call ✓ call won +3.44% · α vs SPY +1.82% · entry $52.07 → $53.86

Next anchor: T+20d in 5d

Last close $54.86 (close Jun 8) · +5.36% from $52.07 entry

Entry anchored
May 15, 2026
via day open

T+1d

+0.65%

call +0.65% · α +1.30%

$52.41

settled 23d ago

T+5d

+3.44%

call +3.44% · α +1.82%

$53.86

settled 19d ago

T+20d

—

call — · α —

—

in 5d

T+60d

—

call — · α —

—

in 2mo

Price Chart

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Executive Summary

Two insiders at Royalty Pharma sold a combined $888K in open-market sales on May 14, 2026, following the company's Q1 earnings beat and raised guidance reported on May 6. The sales are small relative to the $30.7B market cap (0.003%) and likely reflect routine portfolio diversification after a strong earnings release, not a bearish signal.

Key Financial Metrics

Direction

selling

Total Value

$887.5K

Insiders

2

Actionable Insight

The insider sales are negligible in size and follow a strong earnings report, suggesting no negative read-through. Monitor for any larger insider sales in the coming weeks, but this cluster alone does not warrant action.

Key Facts

EVP Urist Marshall sold 13,684 shares at ~$53.06 for $726K on May 14, 2026.
Director Norden Gregory sold 3,045 shares at $53.00 for $161K on May 14, 2026.
Total insider sales of $888K represent ~0.003% of RPRX's $30.7B market cap.
Sales occurred 8 days after RPRX reported Q1 2026 Portfolio Receipts of $925M (+10% YoY) and raised full-year guidance.
No open-market purchases were reported in the cluster.

Financial Impact

Total insider sales of $888K, immaterial relative to $30.7B market cap.

insider holdings

Risk Factors

Insider sales could accelerate if the stock continues to appreciate post-earnings.
No purchases in the cluster provide no bullish signal from insiders.

Market Snapshot

Exchange

Nasdaq

Sector

Pharmaceutical Preparations

Analyst Consensus

88% bullish (16 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-RPRX-1778877697570

12 reports for RPRX

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for RPRX — sortable, filterable
	Type				Now
May 28, 2026 12d ago	Insider Cluster NEUTRAL ★ 4/10	$55.76 $55.87	▲ +0.20%	▲ +2.72%	$54.86 (−1.61%)
May 28, 2026 12d ago	8-K NEUTRAL ★ 4/10	$55.76 $54.97	▼ −1.42%	▼ −1.12%	$54.86 (−1.61%)
May 22, 2026 19d ago	Insider Cluster NEUTRAL ★ 2/10	$54.50 $55.18	▲ +1.25%	▼ −0.41%	$54.86 (+0.66%)
May 15, 2026 25d ago	Insider Cluster NEUTRAL ★ 3/10	$52.07 $53.86	▲ +3.44%	▲ +1.82%	$54.86 (+5.36%)
May 14, 2026 26d ago	144 NEUTRAL ★ 2/10	$52.85 $54.50	▲ +3.12%	▲ +2.16%	$54.86 (+3.80%)
May 6, 2026 4w ago	8-K BULLISH ★ 6/10	$50.72 $51.70	▲ +1.93%	▲ +0.80%	$54.86 (+8.16%)
Apr 17, 2026 7w ago	Press Release NEUTRAL ★ 3/10	$50.00 $49.38	▼ −1.24%	▼ −1.79%	$54.86 (+9.72%)
Apr 15, 2026 7w ago	Press Release NEUTRAL ★ 3/10	$48.48 $49.64	▲ +2.39%	▲ +1.41%	$54.86 (+13.16%)
Apr 10, 2026 8w ago	DEFA14A NEUTRAL ★ 2/10	$48.43 $49.30	▲ +1.80%	▼ −1.50%	$54.86 (+13.28%)
Mar 30, 2026 10w ago	Press Release NEUTRAL ★ 4/10	$46.37 $46.87	▲ +1.08%	▼ −3.22%	$54.86 (+18.31%)

US Market Status

Market Closed — Opens in 7h 21m

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