CLO Elizabeth E Reed sells 22,076 shares at blended avg $44.90 via pre-arranged 10b5-1 plan; stock near 52-week high of $44.91.
Elizabeth E Reed, Chief Legal Officer and General Counsel, executed two separate sales totaling 22,076 shares for $991,240.20 through a pre-arranged 10b5-1 trading plan adopted on 2025-06-16. The sales occurred at $45.00 and $43.95 per share with a blended average price of $44.90, near the 52-week high of $44.91 and just 0.3% below it. Following these sales, Reed's holdings decreased from 127,287 to 105,211 shares, a reduction of 17.3% of her pre-transaction position. Notably, Reed has executed 4 prior sales at TVTX in the days immediately preceding this filing (on 2026-04-14 and 2026-04-15), and the company is unprofitable with net income of $-37,102,000.00 for the latest quarter, though this transaction was scheduled rather than discretionary.